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Robert Arthur Reed, of Salt Lake City, pleaded guilty in federal court in Casper to conspiracy to commit mail and wire fraud and conspiracy to launder money. Four other co-defendants have entered earlier guilty pleas. ...An indictment alleges that they hired phone solicitors to make cold calls to investors, urging them to invest in wind farms by falsely claiming they were being constructed jointly by private investors and the U.S. government.
The overall direction of the market, however, has been down. You can get a sense of the amount of money that has been lost by investors from the WilderHill Clean Energy Index, which tracks the performance of publicly traded green energy stocks ranging from solar and wind to rare earth minerals and water companies. The market value of the companies in the index has fallen from a peak level of $231 billion in late December 2007 to about $108 billion today, a decline of 53 percent.
Also filed under [
Energy Policy|
USA]
Gov. Heineman: Wait on wind power legislation
May 21, 2013 by Kevin O'Hanlon in Lincoln Journal Star
May 21, 2013 by Kevin O'Hanlon in Lincoln Journal Star
"I've made it very clear that Nebraskans deserve tax relief first ... before you ought to be considering a bill like that, and especially providing special tax breaks for a Kansas company so they can ship Nebraska energy" out of state, Heineman said during a conference call with reporters. "You ought to ask him why that makes sense."
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Tax Breaks & Subsidies|
Nebraska]
Dank said the wind tax credits, among the most costly issued by state government, benefit some companies that are selling the power they generate to other states.
"The Oklahoma taxpayers are being asked to subsidize electric customers in Tennessee and Alabama," he said.
Also filed under [
Tax Breaks & Subsidies|
Oklahoma]
Wind farm operators are being paid millions for "wasted" electricity under a complex system known as constraint payments. Since 2011 over £26.5million has been paid out under the constraint payments
Also filed under [
Tax Breaks & Subsidies|
UK]
According to the project's final EIS, the geographic limits of the Grand Canyon condor population as determined by FWS overlap the project's proposed footprint. Condor can fly up to 160 miles a day in searching for food, and the Grand Canyon "experimental" population is well within that range of the Mohave County Wind Farm.
Can wind turbines make you sick? No easy answers as turbines pop up around the world
May 17, 2013 in Latitude News
May 17, 2013 in Latitude News
After years of complaints about noise and health effects, on May 21, 2013 residents of Falmouth, MA will vote on whether or not to tear down both of the town's wind turbines.
Siemens blade crashes at Ocotillo Wind Farm
May 17, 2013 by Mark DelFranco in North American Windpower
May 17, 2013 by Mark DelFranco in North American Windpower
NAW has learned that a blade belonging to a Siemens SWT-2.3-108 wind turbine came crashing to the ground at the 265 MW Ocotillo Wind Farm in the early morning hours of May 16. No one was injured.
A spokesperson from Pattern Energy, which owns and operates Ocotillo, corroborated the incident.
Wind Energy's Shadow: Turbines Drag Down Power Potential
May 16, 2013 by David LaGesse in National Geographic
May 16, 2013 by David LaGesse in National Geographic
In several recent published studies, Adams and other researchers have explored the issue of turbines stealing energy from the wind, creating drag or a "wind shadow" of air slowed by the spinning blades. Each turbine added to a particular landscape captures less energy. "You reach a point that if you add any more turbines, you get no more energy," Adams said.
Also filed under [
Technology|
USA]
DOE to recast landmark 20% wind energy report; Study looks back, ahead
May 15, 2013 by Mark Del Franco in North American Windpower
May 15, 2013 by Mark Del Franco in North American Windpower
The U.S. Department of Energy (DOE) Wind Program is revisiting the conclusions from its 2008 study that contemplated the technological and regulatory road map for the U.S. wind industry to achieve 20% wind energy by 2030.
"What it boils down to is this: If you electrocute an eagle, that is bad, but if you chop it to pieces, that is OK," said Tim Eicher, a former U.S. Fish and Wildlife Service enforcement agent based in Cody, who helped prosecute the PacifiCorp power line case.
By not enforcing the law, the administration provides little incentive for companies to build wind farms where there are fewer birds.
According to various reports these incentives were scrapped as many developers took incentives to save tax and after the completion of incentives either neglected or abandoned the wind farms altogether.
Also filed under [
Tax Breaks & Subsidies|
Asia]
Latest cleantech funding woes spark fears of industry slide
May 11, 2013 by Peter Delevett in Mercury News
May 11, 2013 by Peter Delevett in Mercury News
The problem, he said, is that those big investment firms tend to focus on mature companies that are generating significant revenue, and there are few of those in cleantech. Meanwhile, more government investment seems increasingly far off as congressional Republicans demand answers about the failure of Fisker Automotive.
Speculation the project could end up “dead in the water” intensified when Swedish company Vattenfall – Europe’s sixth-largest generator of electricity – announced plans to put its 75 per cent stake in the venture up for sale.
Also filed under [
Tax Breaks & Subsidies|
UK]
AWEA is trying to secure more stable policy to give stronger signals to investors. Those options include a phase out for the credit and making the incentive permanent ...But Republicans have told The Hill they believe a phase out is AWEA's stance.
Also filed under [
Tax Breaks & Subsidies|
USA]
Oil and gas drillers make technological leaps, while renewable energy industry struggles
May 4, 2013 by Associated Press in Washington Post
May 4, 2013 by Associated Press in Washington Post
But the outlook for wind, batteries and biofuels is as dim as it's been in a decade. Global greenhouse gas agreements have fizzled. Dazzling discoveries have been made in laboratories, and some of these may yet develop into transformative products, but alternative energy technologies haven't become cheaper or more useful than fossil fuels. ..."In many cases, renewables aren't ready for primetime yet."
Wind industry still awaits first eagle-take permit under BGEPA
May 3, 2013 by Mark Del Franco in North American Windpower
May 3, 2013 by Mark Del Franco in North American Windpower
NAW has learned that West Butte Wind Power LLC has withdrawn its permit application enabling the developer to "take" golden eagles at a proposed wind project in central Oregon. ...the developer withdrew its take permit request in March due to the difficulty in finding a power purchase agreement (PPA) for the project.
Call to phase out production tax credit gathers pace
May 1, 2013 by Diane Bailey in Windpower Monthly
May 1, 2013 by Diane Bailey in Windpower Monthly
As the $0.023/kWh production tax credit (PTC) is back on a countdown to expiration just months after US Congress passed a short-term extension of the incentive, some in the US wind sector are weighing whether negotiating its eventual demise may be the only way to put the industry on a stable footing for the long term.
Also filed under [
Tax Breaks & Subsidies|
USA]
Origin CEO Grant King says carbon tax, renewables targets hurt industry
May 1, 2013 by Michael Bennet in The Australian
May 1, 2013 by Michael Bennet in The Australian
The boss of Origin Energy, one of the nation's largest energy providers, has called for a review of Australias renewables targets along with the carbon tax, which he said put the nation at an increasing competitive disadvantage .
PTC clarity to ease renewable energy additions, questions remain
April 30, 2013 by Conway Irwin in AOL News
April 30, 2013 by Conway Irwin in AOL News
PTC eligibility for 2013 also requires that project developers demonstrate that projects be under "continuous construction" from 1 January 2014 until completion. This marks a change from the cash grant system - which gave renewable energy project developers the option to receive 30% of project costs up front in lieu of a tax credit - for which projects were eligible using the Safe Harbor Rule or by being under continuous construction.
Also filed under [
Tax Breaks & Subsidies|
USA]