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Friday, May 16, 2014

U.S. Senate Blocks PTC Extension - What Now?

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From: "North American Windpower" <efeature@nawindpower.com>
Date: May 16, 2014 11:58 AM
Subject: U.S. Senate Blocks PTC Extension - What Now?
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Up Front
U.S. Senate Blocks Bill With PTC Extension - What Now?
on 16 May 2014 by Joseph Bebon
The U.S. Senate has blocked a bipartisan tax extenders package that includes a two-year extension of the production tax credit (PTC) and the investment tax credit (ITC) election for wind. There is hope, though, that a feud between Senate Republicans and Democrats can be resolved and progress will continue. In [read more]
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Latest News
PCW Files Permit Application For 3 GW Wyoming Wind Farm
on 15 May 2014 by NAW Staff
Power Company of Wyoming LLC (PCW) has submitted an application to the Wyoming Industrial Siting Division to construct and operate the developer's up-to-3 GW wind farm. The developer has proposed to install 1,000 turbines for the Chokecherry and Sierra Madre Wind Energy (CCSM) Project, located in Carbon County, Wyo. Under [read more]
wpd Secures Financing For Its First North American Wind Farms
on 15 May 2014 by NAW Staff
German wind farm developer wpd has secured financing from KfW IPEX-Bank and Helaba to build two projects totaling 14.35 MW in Canada. wpd says these wind farms will be its first North American projects. The wind farms will be constructed in Springwood and Whittington in southern Ontario. Work has already [read more]

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CanWEA Urges Ontario PC Party To Reconsider Wind Energy
on 15 May 2014 by NAW Staff
The Canadian Wind Energy Association (CanWEA) is urging the Ontario Progressive Conservative (PC) Party to reassess its energy policy platform and to acknowledge that affordable energy for the province should include wind power. The association is making its case in advance of an upcoming election in Ontario on June 12. [read more]
Gemini Offshore Wind Project Closes Financing, Orders Siemens Turbines
on 15 May 2014 by NAW Staff
Canada-based Northland Power has announced the financial close on the 600 MW Gemini offshore wind project, to be located off the coast of the Netherlands in the North Sea. In addition, the consortium behind the project has selected Siemens to supply the turbines and future maintenance. Gemini is owned by [read more]

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Ohio Senate Passes Two-Year Freeze On Renewables Mandate
on 14 May 2014 by Joseph Bebon
On May 8, the Ohio Senate passed S.B.310, a bill to alter the state's renewable portfolio standard (RPS). The RPS requires Ohio utilities to procure 12.5% of their electricity from renewable resources, such as wind and solar, by 2024. However, S.B.310 aims to freeze those requirements at current levels for [read more]
Nordex Increases 2014 Goals After Strong First Quarter
on 14 May 2014 by NAW Staff
The management board of Nordex has raised the turbine maker's full-year guidance after the company recorded "better than expected" business performance in the first quarter of this year (Q1'14). According to Nordex, the German company's sales increased by 64% year-over-year to a record EUR 424.5 million during the quarter. Furthermore, [read more]

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Vestas Nets 62.7 MW Order For German Repowering Project
on 14 May 2014 by NAW Staff
Vestas has secured a 62.7 MW order to supply wind turbines for the Klettwitz II repowering project, located in Brandenburg, Germany. Under the contract with KGE Windpark Schipkau Nord GmbH & Co. KG, Vestas will supply, install and commission 19 V112-3.3 MW turbines. The deal also includes a VestasOnline Business [read more]
Pattern Energy Raises $586 Million In Public Offering
on 14 May 2014 by NAW Staff
Pattern Energy Group Inc. has closed a previously announced underwritten public offering in Canada and raised $586 million. In total, over 21 million shares of Class A common stock were sold at a price of $27.75 per share. Pattern Energy Group sold 10,810,810 shares for total gross proceeds of $300 [read more]
Gamesa Enters 100 MW Wind Contract In China
on 14 May 2014 by NAW Staff
Gamesa has signed a 100 MW turbine supply agreement with CGN Wind Energy for a wind farm being developed in the province of Yunnan, China. The turbine maker says the scope of the agreement encompasses the supply and installation of 50 G97-2.0 MW units, specifically configured for high-altitude locations, at [read more]
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