Renewable Energy

Nevada governor enacts Tesla tax break package

CARSON CITY, Nev. (AP) — Nevada's governor has signed into law an unprecedented package of incentives to bring Tesla Motors' $5 billion battery factory to the state.

Gov. Brian Sandoval put his signature to the measure shortly after the state Legislature approved the package late Thursday night.

The package of tax credits and other incentives is worth up to $1.3 billion.

Office of Sen. Wyden

Wyden turns again to energy tax 'parity'

Sen. Ron Wyden, D-Ore. is wading back into the debate over energy tax breaks, a controversial thicket that pits renewable energy and biofuels advocates -- and President Barack Obama -- against conservatives and the oil lobby.

Wyden, who chairs the Senate Finance Committee, said Thursday he will use a hearing next week to press for ways that comprehensive tax reform could level the incentives for renewables and fossil fuels.

First 2 bills in Tesla deal sail through Assembly

CARSON CITY, Nev. (AP) — The first two bills designed to seal a deal to bring Tesla Motors' $5 billion battery factory to Nevada sailed through the Assembly unanimously Thursday as one lawmaker called the project the biggest thing to hit the state since the Hoover Dam.

After just two minutes of debate, the Assembly voted 39-0 and sent to the Senate a bill that would help finance Tesla's tax breaks by ending a $125 million subsidy to insurance companies that locate their home offices in Nevada.

On another 39-0 vote about eight minutes later, they approved discounted electricity rates for the electric-car maker's "gigafactory" expected to help create more than 20,000 jobs and inject up to $100 billion into the state's economy over the next 20 years.

Few critics as Nevada mulls Tesla tax breaks

CARSON CITY, Nev. (AP) — Critics say Nevada lawmakers are gambling with taxpayers' money, but they clearly were in the minority Wednesday night as legislators moved forward with an unprecedented package of up to $1.3 billion in incentives they hope to approve in the days ahead to bring Tesla Motors' $5 billion battery factory to the state.

Republican Gov. Brian Sandoval urged legislators in the two Democrat-controlled houses to seize an "extraordinary opportunity" to land the electric car maker's "gigafactory" and the tens of thousands of jobs he said would help pull Nevada from the worst economic crisis in state history.

Nevada kick-starts special session over Tesla deal

CARSON CITY, Nev. (AP) — Opposition emerged Wednesday as Nevada lawmakers began negotiating over whether to approve a complex package of up to $1.3 billion in incentives for Tesla Motors in a special session ordered by Gov. Brian Sandoval to seal the deal to bring the electric car-maker's $5 billion battery factory to the state.

The Republican governor urged legislators in the two Democrat-controlled houses to seize an "extraordinary opportunity" to land the $5 billion "gigafactory" and tens of thousands of jobs he says would help pull Nevada from its worst economic crisis in state history.

Opterra takes over Chevron outpost in Hawaii

Source: 
Pacific Business News

As Chevron continues to shed its renewable portfolio, it has sold off the Hawaii office of Chevron Energy Solutions to Opterra Energy Services, owned by Oaktree Capital Management LP, Pacific Business News reports.

Nevada lawmakers considering $1.3B Tesla package

RENO, Nev. (AP) — Gov. Brian Sandoval has ordered the Nevada Legislature into a special session to consider $1.3 billion in tax breaks and other incentives for electric car-maker Tesla Motors as part of "an extraordinary opportunity" to seal the deal for its $5 billion battery factory and tens of thousands of jobs he says are needed to recover from the worst economic crisis in state history.

Majority Democrats in the Senate and Assembly intended to open the session Wednesday to begin work on the package the Republican governor says would help further diversify Nevada's hard-hit, tourism-based economy through new and innovative technology.

More Nevada solar projects in the works

Source: 
Platts

First Solar, Invenergy and NV Energy are planning solar projects totalling 480 megawatts in the Dry Lake solar zone in southern Nevada, Platts reports.

Battle in Washington state over how to encourage solar

Source: 
The Seattle Times

A debate is heating up in Washington over the best way to encourage the generation of more solar power, in particular whether to open the door to leasing, a move opposed by solar installation companies currently operating in the state, The Seattle Times reports.

Scottish independence could bring renewable headaches

Source: 
Bloomberg

Questions surrounding how developers of renewable power projects would get subsidies if Scotland votes for independence are just a few of the issues of concern in the energy sector, given that Scotland exports electricity and generates more than 40 percent of Britain’s wind power capacity, Bloomberg reports.

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