Renewable Energy

Tesla moves into business leasing

Source: 
The Wall Street Journal

Tesla Motors Inc. is developing a "fleet" business model: A new finance arm of the company is offering a leasing program to enable small and medium size businesses to get tax deductions on the electric vehicles, The Wall Street Journal reports.

Ariz. budget passed, lawmakers OK renewables tax credit for Apple

PHOENIX (AP) — Just a day after adopting a $9.23 billion state budget, the Arizona House and Senate gave final approval Tuesday to a pair of tax cuts for manufacturers, including one that would give a multi-million-dollar tax credit to the world's biggest corporation to install and run a solar facility.

The Legislature approved Senate Bill 1413, pushed by Gov. Jan Brewer, eliminating sales taxes on electricity purchased by manufacturers and mining smelters. It is expected to cost the state general fund $17 million a year. Brewer called for the elimination of the tax in her State of the State address in January, saying it was needed to make Arizona more competitive and draw new manufacturing to the state.

Crowdfunding could bring big money into the rooftop solar industry

Source: 
Bloomberg

Crowdfunding could bankroll rooftop solar projects to the tune of $5 billion in the next five years, a top SolarCity manager told Bloomberg at an investment conference in New York.

Fishing concerns at meeting over Long Island offshore wind lease plans

Source: 
Newsday

Officials with the Bureau of Ocean Energy Management got an earful about possible effects of offshore wind turbines on fishing, at a meeting Tuesday on Long Island to discuss possible lease sales for wind farms in the region, Newsday reports.

Firm appeals denial of wind farm off Atlantic City

ATLANTIC CITY, N.J. (AP) — A New Jersey company is appealing the state's rejection of its plan to build a wind farm off the coast of Atlantic City.

Fishermen's Energy filed an appeal Monday with the state Board of Public Utilities, saying the agency erred when it rejected the plan last month.

GM to invest $449M in 2 Detroit-area factories to build Volt

DETROIT (AP) — General Motors says it's investing $449 million in two Detroit-area factories to build the next generation Chevrolet Volt hybrid electric car.

The company says the investment eventually will bring a second shift at the Detroit assembly plant that makes the Volt and other cars. But it wouldn't say how many jobs would be added or when the people would be hired. The plant now employs about 1,600 on a single shift.

German cabinet moves to reform renewable energy law

Source: 
Reuters

The expansion of solar and wind power will be slowed in Germany, as Chancellor Angela Merkel's cabinet has approved a reform of the country's renewable energy law in a bid to slow increases in the cost of electricity, Reuters reports.

O'Malley: not convinced on wind turbine moratorium

ANNAPOLIS, Md. (AP) — Gov. Martin O'Malley says he still has misgivings about a bill to set a 13-month moratorium on the development of tall wind turbines within 56 miles of the U.S. Naval Air Station Patuxent River base in southern Maryland.

O'Malley wouldn't say Monday if he would veto legislation that has been sent to his desk. But the governor, who is a strong supporter of wind energy, says, "I have yet to conclude that windmills are quite the threat to Naval air radar that those advocating for this ban have concluded."

China remains world's top clean energy investor: Pew

Source: 
Bloomberg

China invested $54 billion in clean energy in 2013 and remains at the top of the global table for spending in the sector, far outstripping U.S. spending of $36.7 billion, according to Pew Charitable Trusts, Bloomberg reports.

Wind sector survival may depend on PTC renewal

Source: 
Bloomberg

The survival of the wind energy industry could rest on whether lawmakers decide to extend the Production Tax Credit, Bloomberg reports.

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