Renewable Energy

Li lost Fisker auction, but will profit from Fisker loan

Source: 
The Wall Street Journal

Richard Li, the Hong Kong billionaire outbid in the sale of bankrupt Fisker Automotive, still stands to make more than $60 million on the company’s loan he bought at auction from the Energy Department last year, The Wall Street Journal reports.

Maine House overrides veto of solar rebate bill

AUGUSTA, Maine (AP) — Maine's House of Representatives has voted to overturn Gov. Paul LePage's veto of a bill restoring a rebate program for solar panels.

The Democratic-led House voted 105-41 to override the Republican governor's veto of the bill that would provide $1 million for the program that would last more than two years. It now goes to the Senate.

Texas rushing to install wind projects

Source: 
The Dallas Morning News

Texas on track to build more than 7,000 megawatts of new wind projects in 2014, although not all will be completed, The Dallas Morning New reports, noting that interest has been boosted by the Competitive Renewable Energy Zone project. 

Musk to personally deliver Teslas in China

Source: 
Bloomberg

Tesla company founder Elon Musk will be on hand to personally deliver some of the first cars the company is selling in China, a process expected to start sometime this month, Bloomberg reports. 

LA tops list of solar-producing US cities

Source: 
KPCC

Los Angeles, generating 132 megawatts, tops the list of 57 major U.S. cities producing solar power, according to a study released by Environment California Research and Policy Center, which found that San Diego came in second, public radio KPCC reports.

Siemens

Tax credit uncertainty drove boom-bust cycle for wind power in 2013

A sharp drop in wind farm installations last year, followed by a surge of new construction heading into 2014, sprang from uncertainties surrounding the federal tax treatment of wind power, the American Wind Energy Association said Thursday.

Installations last year fell 92 percent and sector employment fell by 30,000 jobs because the renewable energy Production Tax Credit was not extended into 2013 until Jan. 2, as part of the fiscal cliff deal that included numerous short-term tax break renewals. AWEA said in its annual report, also issued Thursday, that the renewal "came too late to avoid damage to our industry."

The Dec. 31 deadline to qualify for the credit before it ran out again caused a huge surge in activity, however. Some 95 projects were underway with a capacity of more than 12,000 megawatts by year's end, nearly all of it starting in the fourth quarter.

Tesla beefs up its battery protection to satisfy Feds

Source: 
The New York Times

In order to get the National Highway Traffic Safety Administration to close out an investigation into two of its vehicles being destroyed by fire, Tesla Motors is beefing up the shielding around the lithium-ion battery packs in the Model S, The New York Times reports.

IKEA buying Illinois wind-energy project

CHAMPAIGN, Ill. (AP) — The U.S. subsidiary of Swedish furniture retailer IKEA announced Thursday that it is buying a long-planned wind-energy project in eastern Illinois as part of the company's initiative to offset its energy use with renewable energy generation.

And IKEA insists the project, which has not yet been built, is more than public relations. The company believes that, long term, wind energy will help the company's bottom line, Chief Financial Officer Rob Olson said.

But right now wind power is a struggling business. Cheap natural gas and the end of a federal tax break for wind-power producers have left wind generation unprofitable.

Pa. helps spearhead new energy loan marketplace

Source: 
Pittsburgh Post-Gazette

Pennsylvania has teamed up with Kentucky and some businesses and organizations to create a fund -- called the Warehouse for Energy Efficiency Loans, or WHEEL -- that will offer loans for energy efficiency home improvements, the Pittsburgh Post-Gazette reports.

Oil

Toyota gas cars get efficient engine from hybrids

TOKYO (AP) — Toyota has developed an efficient gasoline engine using technology fine-tuned with gas-electric hybrids, where the Japanese automaker is an industry leader.

Toyota Motor Corp. said Thursday the engine will be rolled out in 14 models this year and next year.

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