Category Archives: Industry Updates

Scatec Solar Closes USD 157 Million Financing from Google and Prudential Capital

OSLO, Norway, Jan. 7, 2015 /PRNewswire/ — Scatec Solar ASA (‘SSO’), the integrated independent solar power producer, has entered into financing agreements totalling USD 157 million for construction of a 104 MW(dc) Red Hills solar power plant in Utah. When complete, the Red Hills solar project will be Scatec Solar’s largest developed and constructed project in North America. Total investment for the plant Read more…

Salvation Gets Cheap!

The New York Times: The Opinion Press         Article by Paul Krugman  posted APRIL 17, 2014 The Intergovernmental Panel on Climate Change, which pools the efforts of scientists around the globe, has begun releasing draft chapters from its latest assessment, and, for the most part, the reading is as grim as you might expect. We are Read more…

Corn Plummeting Spurs Talk of ’80s U.S. Farmland Bust: Mortgages

Bloomberg News  by Kathleen M. Howley  ♦ December 17, 2013 Din Tai Fung, a restaurant in Shanghai’s Xintiandi district, is famous for its steamed pork dumplings. The pigs that keep those dumplings on the table are fattened with corn — much of it imported from the U.S. American farmers have prospered during a three-year boom in corn Read more…

CIT Serves as Lead Arranger in $100 Million Renewable Energy Land Lease Financing

NEW YORK–(BUSINESS WIRE)–CIT Group Inc. (NYSE:CIT) cit.com, a leading provider of financing and advisory services to small businesses and middle market companies, today announced that it arranged a $100 million senior secured credit facility for AWCC Holdings LLC, a subsidiary of American Wind Capital, to acquire a portfolio of land leases from solar projects from Hawaii to Read more…

How Will President Obama’s Climate Change Plan Impact Renewable Energy?

Describing climate change as “no longer a distant threat,” President Obama on Tuesday unveiled a climate change action plan to combat carbon emissions by at least 3 billion metric tons by 2030. In addition to authorizing $8 billion in loan guarantees, Obama’s broad proposal calls on the further deployment of renewable energy on federal lands, increased Read more…

Maine Project Launches First Grid-Connected Offshore Wind Turbine in the U.S.

On May 31, 2013, the Energy Department recognized the nation’s first grid-connected offshore floating wind turbine prototype off the coast of Castine, Maine. Led by the University of Maine, this project represents the first concrete-composite floating platform wind turbine to be deployed in the world – strengthening American leadership in innovative clean energy technologies that diversify the Read more…

Wind power’s benefits keep getting better

American wind power today is strongly positioned to build on its growth and status as a mainstream energy source, particularly by capitalizing on its many benefits. That was the consensus among participants on two separate panels of wind industry leaders and prominent wind energy users in a recent General Session at the WINDPOWER 2013 Conference Read more…

By 2023, a Changed World in Energy

If you could close your eyes for just a moment like Rip Van Winkle, and blink them open in 2023, you might see a very different energy world.

Rising Wind Farm O&M costs

The huge growth in wind farm installations since 2007 has led to a big increase in the number of turbines reaching the end of their manufacturer warranties. One of the critical issues now facing the industry, and the key factor pushing up O&M expenditures, is the rising cost of unscheduled maintenance.

U.S. electric utilities flock to lower-priced wind power

U.S. electric utilities are locking in fixed-price contracts for wind power, now more cost-competitive than ever, illustrating the success of a key federal tax policy in holding down rates for consumers.