Wind energy is expected to grow in the U.S. over the next two years, but the expiration of the wind Production Tax Credit has cast doubt on the future beyond 2015 despite declines in cost and prices, says the Department of Energy’s annual report on the sector, according to Platts.
The New Jersey Board of Public Utilities has to look again at the wind farm proposed by Fishermen’s Energy that it rejected in March, in part because of a $47 million grant the Department of Energy awarded to the project in May, according to a ruling from a state appeals court, The Record reports.
The Interior Department is set to hold its third competitive Atlantic Ocean offshore wind energy lease sale on Tuesday, one that has attracted the interest of more than a dozen companies who could tap into Maryland's new subsidy program.
The lease sale makes available nearly 80,000 acres extending to the east and south from about 10 miles off Ocean City, Md., with 16 companies signed up to bid, the department's Bureau of Ocean Energy Management said.
Energy Secretary Ernest Moniz wants the public -- and Congress -- to know that the average cost of wind power has reached a new low, but future growth of the industry depends on renewal of the wind Production Tax Credit.
The credit expired at the end of last year, but because it applied to projects that had gotten underway, the industry has had time to lobby lawmakers for a renewal before construction falls off after those projects are completed.
Bill Miller, CEO of Power Company of Wyoming LLC, says his firm’s Chokecherry and Sierra Madre 3,000-megawatt wind farm would benefit if Congress restored the wind production tax credit, but the project will go ahead regardless, the Casper Star-Tribune reports.
Dominion Resources has filed papers with the Federal Energy Regulatory Commission, asking for a start to the review process for the proposed 550-mile natural gas Atlantic Coast Pipeline, The Associated Press reports.
Federal agencies have reduced their greenhouse gas emissions 17 percent compared to levels in 2008, according to the White House Council on Environmental Quality, but they also remain vulnerable to the effects of climate change in different ways, National Journal reports.
As part of their fight to become the top-ranking Democrat on the House Energy and Commerce Committee, Rep. Frank Pallone of New Jersey and Rep Anna Eshoo of California have raised and distributed more than $1.2 million to their colleagues during this election cycle, National Journal reports.
Scientists at the National Institute of Standards and Technology and the National Oceanic and Atmospheric Administration are working on a technique using lasers that would more accurately measure greenhouse gas concentrations, E&E reports.
News of production increases in the U.S. and among OPEC members weighed on oil prices Friday. West Texas Intermediate crude for December delivery finished the Nymex session down 58 cents to $80.54 a barrel, a drop of 12 percent over the whole of October, while in London Brent lost 38 cents to settle at $85.86, Bloomberg reports.
Increased demand is leading SolarWorld Americas to spend $10 million expanding its solar modules plant, and the company announced it will be hiring 200 additional workers as well, The New York Times reports.
To encourage the development of advanced nuclear reactors – anticipated to be more efficient – the Department of Energy is spending $13 million to help major companies including AREVA, GE Hitachi and Westinghouse in their research of the technology, The Hill reports.