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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.
Jerry McRae didn't mince words when talking about a high-voltage transmission line that will cross his land near here.
"You're going to have a hell of a time building a power line in this community," McRae said. ...Construction on the line is scheduled to begin in March.
"It can't be built without eminent domain in this community right now," McRae warned right off the bat.
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]
The U.S. Department of Energy has approved a $180 million high-voltage electrical line that's expected to spur more wind farm development between Great Falls and Lethbridge, Alberta.
The decision to issue a presidential permit for the project is published today in the Federal Register, said Tony Como, the DOE's director of permitting and siting. ...Montana's transmission capacity is about all used up and three wind farm developers that have purchased the primary capacity on the line have snatched up all of the available space on the MATL line.
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.
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.
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.
Does green energy add 5 million jobs? Potent pitch, but numbers are squishy
November 7, 2008 by Jeffrey Ball in Wall Street Journal
November 7, 2008 by Jeffrey Ball in Wall Street Journal
On the campaign trail, Mr. Obama argued that spending $150 billion over the next decade to boost energy efficiency would help create five million jobs. ...Critics say analyzing only new green jobs misses half the story.
"It's not looking at the other side of the coin: You are spending more money for your energy," says Anne Smith, a vice president at CRA International. ...gains in green jobs would be "more than offset" by job losses elsewhere in the economy.
The group behind what is said to be Australia's first community-owned wind farm says the global financial crisis has affected fundraising for the project.
Hepburn Wind wants to build two turbines at Leonard's Hill near Daylesford.
It has spent the past three months trying to raise $5 million from investors, but it has only received share applications worth $2 million.
An Irish wind power company with offices in Great Falls has outlined a new technology that could make wind energy more marketable: "compressed air" power plants.
Keith McGrane, head of offshore energy and electricity storage for Gaelectric, said the compressed-air plant offers a way to use cheap wind power at night and then reproduce additional power in the day, to fill in the inevitable gaps when the wind isn't blowing.
The plan to erect wind turbines on the Burnside Mountain south of Shamokin has been stalled because of the sour economy.
Penn Wind LLC is still actively pursuing the project, but the failure of some of the nation's largest financial institutions makes the market for the important tax-credit piece of financing for such a large project a tough one ...While Penn Wind is a small Sunbury-based company, it is affiliated with an international alternative energy giant in German renewable energy company Juwi GmbH.
A wind development in Moray will deter visitors from returning to the area, according to a tourism survey carried out by a local accommodation provider.
A year long survey in the Dufftown-Glenlivet area suggests 17% of people, mainly walkers, would be put off coming back to the area if it had a wind farm.
The survey, begun in March by Tomintoul and Glenlivet Highland Holidays marketing group, has had more than 200 forms returned by visitors staying in the Dufftown-Glenlivet area and expects to have 350 returned by March next year.
DEQ issues go-ahead permit for MATL power line; State cites potential for wind development
October 29, 2008 by Nancy Thornton in Choteau Acantha
October 29, 2008 by Nancy Thornton in Choteau Acantha
Potential wind-farm development was the overriding reason why the state Department of Environmental Quality approved the proposed high-voltage power line that would tread its way across eastern Teton County between Great Falls and Lethbridge, Alta.
Montana Alberta Tie Ltd., or MATL, with offices in Calgary, Alta., submitted an application under DEQ's Major Facility Siting Act program on Dec. 1, 2005, providing a variety of reasons why its proposed privately-owned, 230-kilovolt transmission line would benefit the region. ...
Aggrieved parties who believe they are adversely affected by DEQ's decision have 30 days to appeal.
A deflating economy has taken the wind out of a massive Panhandle alternative energy project.
Tight lending stalled a $2 billion wind farm project headed by billionaire oilman and alternative power proponent T. Boone Pickens. Pickens' BP Capital delayed work on a state permit to build 170 miles of transmission lines carrying enough wind energy to power 300,000 homes.