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Plans to notify the Turitea wind farm have stalled again following news a call-in decision is imminent.
After announcing last month that Mighty River Power's application for the 131-turbine wind farm would be publicly notified, despite still waiting on a ministerial call-in decision, Palmerston North City Council has back-pedalled after news Environment Minister Nick Smith plans to announce his decision in the next week.
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]
The Environment Court has given the go-ahead for Wel Networks' Te Uku wind farm to proceed.
The consent order allowing the wind farm follows the successful mediation of outstanding appeals - and the fact ardent wind farm opponent Sean Cox has withdrawn from the fray on health grounds.
Mitigation measures agreed by the parties included the formation of a community liaison group, alleviation of some visual concerns, and the relocation of the controversial turbine 29 near Hidden Valley.
Also filed under [
Zoning/Planning|
Australia / New Zealand]
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.
Three parties appealed the granting of resource consents for the wind farm; but these have now been settled after agreement over ways to mitigate their concerns.
Measures includes the setting up of a community liaison group.
Also filed under [
Zoning/Planning|
Australia / New Zealand]
Company lodges application to build wind farm
November 24, 2008 by Glenn Conway in Otago Daily Times
November 24, 2008 by Glenn Conway in Otago Daily Times
New Zealand Windfarms Ltd has lodged an application to build a small wind farm on one of the highest points in the Clutha district after spending most of this year investigating the site.
The Clutha District Council received the resource consent application last Friday and it appears it will not be publicly notified as the company already has permission from the only affected landowner.
Also filed under [
Zoning/Planning|
Australia / New Zealand]
Babcock & Brown in bank dispute; Desperation at Babcock & Brown
November 19, 2008 in Sydney Morning Herald
November 19, 2008 in Sydney Morning Herald
Investment firm Babcock & Brown says it is in dispute with a bank which holds a deposit of a material amount relating to the release of that deposit.
Babcock requested a trading halt in its shares today, saying it expected the halt to remain until the dispute was resolved.
The owner of wind farms and properties has lost 99% of its market value this year as it struggles to sell assets to repay $3.1 billion in loans.
Also filed under [
General|
Australia / New Zealand]
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]
Details of a wind farm on rugged hills southwest of Brooklyn have been made public.
The 28-turbine proposal for Long Gully will be discussed at public meetings in Wellington this week before a resource consent application is lodged with the city council in mid-December.
State-owned Mighty River Power would own and operate the farm and Windflow Technology, a Christchurch turbine manufacturer, would construct it.
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.
Babcock & Brown Ltd (B&B)has sold wind farm assets held by B&B Wind Partners in Portugal for $2.23 billion.
The assets were sold to a consortium of investors led by Magnum Capital.
B&B said it would earn $285.82 million in net proceeds from the sale of its 50% share of the portfolio.
This represents a price above book value and will be used to pay down project debt secured against European wind assets, it added.
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.
Turbine consent process proceeds; Government change delays Turitea Wind Farm call-in move
November 13, 2008 by Katie Chapman in Manawatu Standard
November 13, 2008 by Katie Chapman in Manawatu Standard
The application for the 131-turbine wind farm was lodged on August 14, and the council had expected to publicly notify the application last month.
But, the process stalled after MRP applied to the Environment Minister for a ministerial call-in.
That would have fast-tracked the application, because the resource consent process would be taken out of council's hands, and instead referred directly to either a board of inquiry or the Environment Court.
Turbines making a big difference to land values in Gippsland
November 12, 2008 by Marius Cuming in Stock Journal
November 12, 2008 by Marius Cuming in Stock Journal
John Jess has been valuing properties in Gippsland, Vic, since 1982 and says wind turbines are having a significant impact on values for both farmland and residential property.
Having conducted valuations for a panel hearing on proposed wind farms, Mr Jess said farming properties appear to drop 10-15 pc near turbines.
There is stronger evidence to suggest rural-residential values drop by 30-40pc near win turbines.
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]
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.
California study shows high cost of renewable power
November 7, 2008 by Bernie Woodall in Thomson Reuters
November 7, 2008 by Bernie Woodall in Thomson Reuters
If California expands its renewable power generation to be a third of electricity delivered in the state by 2020, it may cost $60 billion, the state's utility regulator said in a report issued on Thursday.
It is more costly to make electricity with renewable power -- solar, wind, geothermal and other sources that emit no or low amounts of global-warming greenhouse gases -- than with natural gas, nuclear and coal power plants. ...On Tuesday, California voters overwhelmingly -- 65 percent of the vote -- rejected a statewide ballot measure that would have required 50 percent of power to be generated from renewables by 2025.