Xcel Energy says it will spend $300 million to buy and finish a North Dakota wind farm started by Geronimo Energy, a project that would qualify for a federal Wind Energy Production Tax Credit if finished before the end of 2016, the StarTribune reports.
FOSTER CITY, Calif. (AP) — Never lacking daring ideas, billionaire entrepreneur Elon Musk is determined to jolt the electricity market.
The CEO of electric car maker Tesla Motors hopes to park hundreds of millions of large, solar panel-connected batteries in homes and businesses so the world can disconnect from power plants — and he can profit. On Thursday night, before an adoring crowd and a party-like atmosphere, Musk unveiled how he intends to do it.
A federal study funded by an Energy Department program that supports solar energy concluded there’s not enough solid information about bird deaths to make predictions about the impact of big solar installations on avian populations, E&E reports.
The long wait time to connect solar projects to the grid in North Carolina combined with lower in-state prices have producers there looking to sell their electricity on the PJM Interconnection market, the Charlotte Business Journal reports.
PROVIDENCE, R.I. (AP) — When the Obama administration cleared the way five years ago for the nation's first offshore wind farm to be built, advocates hoped it was the start of a new way of generating power along the East Coast.
That project, Cape Wind's wind farm off of Cape Cod, has stalled. And construction has only just begun for another, much smaller, offshore wind farm near Block Island.
The Energy Department’s $28 billion loan programs for clean energy and high-tech vehicles, associated with failures like Solyndra and successes like Tesla Motors, are estimated to cost taxpayers more than $2.21 billion when all loans are repaid.
But that projection is down considerably from the Obama administration’s previous estimate of $4.49 billion, a government audit found, due to stronger performance in the vehicle loan program.
The Environmental Protection Agency does have the authority to reject a state’s air pollution plan, according to an appeals court ruling in a case brought by Kansas challenging authorities under the Cross-State Air Pollution rule, The Hill reports.
The Western Energy Coordinating Council has agreed to pay a $16 million penalty to FERC for its role in a 2011 power outage that left more than 5 million people in California, Arizona and Mexico without electricity, The Hill reports.
If a measure approved by the California Assembly last week becomes law, the state could have the toughest restrictions in the country on manufacturers of microbeads, which are used in products like toothpaste and cleansers, The New York Times reports.
Taking advantage of its target’s financial problems in the face of low crude prices, oil driller Crescent Point Energy Corp. is picking up Legacy Oil + Gas Inc. for around 563 million Canadian dollars in an all-stock deal, The Globe and Mail reports.