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Xcel Energy has asked regulators to increase the amount it can charge consumers to help recover the cost of renewable-energy generation. ...If approved, the increase would take effect Jan. 1 and increase typical residential bills by 33 cents a month.
Also filed under [
Impact on Economy|
Colorado]
Solar power costlier for Florida than nuclear, report finds
November 26, 2008 by John Dorschner in Miami Herald
November 26, 2008 by John Dorschner in Miami Herald
In a much anticipated report that could affect every Floridian's pocketbook, a consultant hired by the state says solar power could be a competitive source of electricity by 2020 in many scenarios, but it will cost considerably more than new nuclear power and natural gas, the main sources of power for present customers of Florida Power & Light.
Biomass -- things like plant waste, wood chips and garbage -- will be a financially viable source in all scenarios, but wind isn't likely to be much of a factor in Florida.
County commissioners paved the way Monday toward granting a tax abatement to wind power giant Duke Energy. ..."I didn't feel like it's a benefit to the citizens of Ector County," he said.
Simmons said wind turbines deteriorate quickly, and chances are they won't be worth much once a 10-year abatement is up, leaving little to nothing to collect property tax off of. He also said there's no guarantee permanent jobs would be created in Ector County since the majority of the Notrees Windpower Project is located in Winkler County.
Also filed under [
Tax Breaks & Subsidies|
Texas]
More than 100 Tulsans were blindsided by the news they'll lose their jobs at the start of the new year in an industry thought to be one of a few bright spots in our economy in crisis.
Wind energy is a relatively new industry to this part of the country. ...The managers of the Tulsa plant would not comment on camera. But, the corporation released a written statement:
"The plant closure is due to wind farm developers' difficulty in receiving financing. And due to that lack of financing developers are forced to delay upcoming projects."
Also filed under [
Impact on Economy|
Oklahoma]
A proposed wind farm in northern Young County took a major step toward reality Monday when commissioners voted to approve a tax abatement plan for British Petroleum.
After more than two hours of negotiations between BP and representatives from Young and Archer counties, Young County legal counsel Alan Carmichael announced an agreement had been reached.
Also filed under [
Tax Breaks & Subsidies|
Texas]
Credit crunch, lower natural gas, transmission congestion put brakes on wind power
November 17, 2008 by Jim Fuquay in Star-Telegram
November 17, 2008 by Jim Fuquay in Star-Telegram
When investor Boone Pickens put a hold on a huge wind power project in the Texas Panhandle that he had announced in the spring, he wasn't alone.
A number of wind power developers and researchers say the ongoing credit crisis, together with transmission congestion in West Texas and falling natural gas prices, will slow the state's breakneck expansion of wind capacity. ...But there also is a peculiar wrinkle in wind power's finance that makes the current environment doubly challenging.
"Most wind projects in the U.S. are funded by investors with an appetite for tax benefits," said David Groberg, vice president of Invenergy Wind, a Chicago-based company with 690 megawatts of wind capacity in Texas.
Garland considers ordinance on residential wind energy devices
November 16, 2008 by The Dallas Morning News in Frank Trejo
November 16, 2008 by The Dallas Morning News in Frank Trejo
Garland is the latest North Texas city considering a zoning ordinance aimed at regulating wind energy devices that generate power for residential use. The measure is on Tuesday's council agenda.
Other cities, including Grand Prairie, Waxahachie and Oak Point, already have such ordinances.
Residential wind energy devices are rare in urban areas and may be too expensive or impractical for many homeowners. But city officials say they want to make sure rules are in place for the day when wind energy devices become more commonplace.
Offshore wind costs alarm Centrica
November 14, 2008 by Ed Crooks and Fiona Harvey in Financial Times
November 14, 2008 by Ed Crooks and Fiona Harvey in Financial Times
The cost of offshore wind farms has continued to soar, Centrica said, leading the company to review the economics of its £4bn wind power investment programme.
The spiralling costs of offshore wind threaten to derail the government's renewable energy plans, which rely heavily on offshore turbines because of the difficulty and delays in obtaining planning permission for onshore wind farms.
Babcock fight to survive crunch hinges on asset sales
November 14, 2008 by Stuart Kelly and Brett Miller in Bloomberg News
November 14, 2008 by Stuart Kelly and Brett Miller in Bloomberg News
Babcock & Brown Ltd.'s fight to avoid becoming Australia's next victim of the credit crisis may depend on convincing bankers that it can sell assets in a market where others have failed.
Babcock slumped 51 percent in Sydney trading since Nov. 6, when ABN Amro Holdings NV analyst John Heagerty said the owner of wind farms and real estate may breach loan agreements next year. ...Babcock said June 16 it was "confident'' the wind assets would be sold this year -- an assumption Heagerty said may prove too optimistic.
"The sale of Babcock's wind assets is likely to be postponed further given the difficulties for the acquirers in obtaining financing,'' he said.
Wind farms are blowing land values off course, slashing property tags by up to a third in some areas and lifting others by as much $50,000 per turbine.
A new study shows the presence of wind turbines significantly influence land values - but it's not all bad.
The study co-incides with a new push by the Federal Government to speed up the building opf wind farms across Australia.
Ballarat-based value Alan Hives said there had now been enough sales of property featuring or near wind farms to draw some conclusions of their impact on property values.
Gillespie County Commissioners adopted a resolution opposing the development of transmission line routes other than the approved Public Utility Commission (PUC) plan Monday morning during their regular meeting.
Al Weinzierl, steering committee member for an informal group of Harper citizens opposed to the construction of private transmission lines, presented the resolution to the court.
Landowners in Harper were first contacted in late July by Hilliard Energy, a Midland-based company trying to negotiate 180-foot land easements on behalf of Florida Power and Light (FPL) Energy for a private transmission line separate from the approved PUC line.
The major problem with wind as a power source is that it doesn't blow all the time. To remedy that, Texas is spending $30 million a year to bolster its back-up power, in a change to the electricity grid that began on Nov. 1. ...
Centrica, which is raising 2.2 billion pounds to help fund its proposed 25 percent stake in nuclear power generator British Energy, said it was "revisiting the economics of wind farms given rising raw material and credit costs."
The company, which hopes to start full operation of its new Lynn & Inner Dowsing wind farms off the coast of eastern England by the end of the year, has yet to approve investment for three more farms that it plans to build in the North Sea.
Also filed under [
Impact on Economy|
UK]
A former Public Utility Commission chairman discussed the growth of wind power in Texas during an annual meeting of Save Our Scenic Hill Country Environment held yesterday in Fredericksburg. ...The local group, which held their annual meeting yesterday at the Central Texas Electrical Co-op building, opposes construction of wind turbines and private transmission lines in the Hill Country.
T. Boone Pickens puts Texas wind farm project on hold
November 12, 2008 by Associated Press in Dallas Morning News
November 12, 2008 by Associated Press in Dallas Morning News
Falling energy prices have forced billionaire oilman and investor T. Boone Pickens to trim spending on his renewable energy campaign and put his West Texas wind farm project on hold.
When Pickens launched his plan this summer to boost the use of wind and natural gas to ease American dependence on foreign oil, gasoline prices were at a record $4.11 a gallon and oil prices were at $147 a barrel.
Petitions asking local citizens to oppose private power line construction are being collected this week by volunteers in six Hill Country counties.
"We're going to try to collect as many signatures as we can by Nov. 15; then we will hand deliver the petitions to the powers that be in Austin," Suzy Stewart who has helped organize the petition drive, said.
Ms. Stewart is working with a Harper-based steering committee that held a public meeting Thursday to organize opposition to possible power line construction by Florida Power and Light Energy.
Section of falling tower causes death; Wind farm work stops as officials investigate event
November 11, 2008 by Fanny S. Chirinos in Caller Times
November 11, 2008 by Fanny S. Chirinos in Caller Times
A falling section of a lattice tower used for wind measurements caused the death of a contract worker on Sunday at a Kenedy County wind farm, his employer said Tuesday. Matthew Peterson, a 25-year-old test technician, died while working at Babcock and Brown Ltd.'s Gulf Winds project ...The Kenedy County Sheriff's Office was called to the wind farm at about 6 p.m. on Sunday. Peterson, employed out of GEC's Seattle office, was working with another man when the injury occurred, Richardsen said. The other man was not injured, he added.
Funding for Pickens Plan appears to be slim pickings
November 10, 2008 by John-Laurent Tronche in Fort Worth Business Press
November 10, 2008 by John-Laurent Tronche in Fort Worth Business Press
Although T. Boone Pickens has become somewhat of a celebrity as of late - giving speeches and appearing on national television in interviews and commercials - the Oklahoma native is finding falling energy prices are making it difficult for his eponymous Pickens Plan to gain traction.
Furthermore, a host of other outside factors have cropped up to make the Texas oilman's push for renewable energy increasingly difficult ...Depressed fuel prices, while easier on consumers' wallets, hinder efforts to persuade companies and individuals to invest in renewable energy resources, especially when combined with a shortage of discretionary cash.
Developers of a proposed Speyside wind farm have hit back at claims it will deter visitors and insist their plans will promote tourism in Moray.
Dorenell Wind Farm on the Glenfiddich Estate will give local tourism a valuable boost and inject ongoing investment into the Moray economy, said Infinergy.
And it accused a survey by a local accommodation provider, Tomintoul and Glenlivet Highland Holidays marketing group - which claimed a large number of tourists would be deterred from visiting the area because of the wind farm - of lacking objectivity and claimed it should be discounted because it asked leading questions.