Companies looking to develop wind farm projects will avoid Ohio because of the state’s decision to freeze its renewable energy targets, says Ted Ford, CEO of Ohio Advanced Energy Economy, the Plain Dealer reports.
ALBUQUERQUE, N.M. (AP) — Security concerns about a proposed $2 billion transmission line between Arizona and New Mexico can be resolved, according to the U.S. Defense Department.
Defense Secretary Chuck Hagel said in a letter Tuesday to U.S. Interior Secretary Sally Jewell that concerns about routing the SunZia transmission project through an area used by White Sands Missile Range could be addressed by burying five miles of the line.
Officials at the southern New Mexico military installation previously said running the transmission line through an area north of White Sands could reduce testing operations by up to 30 percent, potentially threatening national security and resulting in layoffs at the range.
The Electric Reliability Council of Texas, the state’s regulator, projects that wind power capacity in the state will jump by a third this year and another 25 percent by the end of 2015, National Journal reports.
Pattern Energy Group LP says the Federal Energy Regulatory Commission has approved its planned Southern Cross transmission line, which would bring Texas wind energy into Mississippi where it would link to the grid in the Southeast, FuelFix reports.
There will be no attempt to revive Senate legislation to renew expired tax breaks for renewable energy and biofuels, along with a bigger tax extenders package, before next month, Senate Finance Chairman Ron Wyden said Tuesday.
Wyden said he will work to resolve an amendments standoff with committee ranking Republican Sen. Orrin Hatch of Utah during the Senate's upcoming Memorial Day recess that starts on Thursday and runs through June 2.
The National Transportation Safety Board has only two recorded incidents of planes colliding with wind turbines in its database, and the investigation of last month’s accident in South Dakota at a NextEra Energy windfarm could take up to 10 months to complete, the Aberdeen News reports.
ANNAPOLIS, Md. (AP) — Gov. Martin O'Malley vetoed a 13-month moratorium on building wind turbines within 56 miles of the U.S. Naval Air Station Patuxent River, saying the bill is unnecessary and would send a chilling message to renewable energy developers.
The bill would have delayed construction on wind turbines to wait for a study on how they could affect radar use around the base. Supporters of the bill argued it was important to consider needs of the base, a big economic engine in southern Maryland. But opponents contended it sent a bad message to businesses and harms wind farm development in Maryland.
Short-covering and the expiration of the front month contract helped power oil prices to a huge gain Friday. West Texas Intermediate crude for January delivery shot up 5 percent, or $2.41, to settle at $56.52 a barrel on the Nymex, while in London February Brent finished $2.11 higher at $61.38, Reuters reports.
Oilfield services company Baker Hughes reported Friday that 1,875 rigs were drilling for oil and gas in the U.S. this week, a drop of 18 and the second week in a row that the number has fallen, FuelFix reports.
Comparing present-day statistics with numbers during the oil bust in the mid-1980s has led JP Morgan Chase economist Michael Feroli to warn that Texas could slip into a regional recession next year, FuelFix reports.
Job losses in the power generation sector over the past three years topped 5,800, according to data released by the Energy Information Administration Friday, which said all parts of the industry were affected other than renewable energy, The Hill reports.
Avenue Capital, the hedge fund run by Marc Lasry that specializes in buying distressed companies’ debt, is raising $750 million for a fund that will focus on the energy sector, according to the Pennsylvania Public School Employees’ Retirement Board, which confirms it has put in $200 million, the New York Post reports.
Tesla is testing the market for battery swaps: Near California supercharging stations where Model S owners can top up their batteries for free, the company is creating a facility where drivers can pay a cost equivalent to a tank of gasoline and get a fully-charged battery installed in three minutes, The Wall Street Journal reports.
The growth of global carbon emissions slowed in 2013 -– although the total of 35.3 billion tons did set a record -- and the rate of increase tailed off despite an uptick in economic activity, says a report from the European Commission’s Emissions Database for Global Atmospheric Research, or EDGAR, according to E&E.
INEOS hopes to get commercial shale gas production under way in Britain before the end of the decade, according to documents the government released Friday, which detailed the company’s presentation to the Department of Energy and Climate Change in February, Platts reports.