Renewable Energy Update -- February 26, 2013

by Allen Matkins
Contact

Renewable Energy Focus

Wind, solar, biomass provide all new US electrical generating capacity in January 2013

Renewable Energy World News - Feb 20

According to the latest "Energy Infrastructure Update" report from the Federal Energy Regulatory Commission's Office of Energy Projects, 1,231 MW of new in-service electrical generating capacity came on line in the United States in January 2013 — all from wind, solar, and biomass sources.

Hard session ahead for renewable energy advocates in Texas

Biz Journal - Feb 15

Renewable energy advocates are bracing this session to defend critical policies that have helped Texas become the leading wind-power state, the Texas Tribune reports. The ascendancy of the Tea Party, an abundance of cheap natural gas and tighter budgets have reduced the sway of the wind industry, according to the Tribune. Solar power advocates anticipate limited gains at best.

Xcel wants to give developers more time for wind credits

Biz Journal - Feb 19

Hoping to give wind-energy developers the time they need to access federal tax credits, Xcel Energy Inc. last week asked Colorado regulators for permission to speed up its request for bids for wind-backed electricity projects. If the PUC approves Xcel’s request, the utility could issue an RFP for wind energy on March 1, and seek approval from the Colorado Public Utilities Commission by October 2013.

S.D. Senate passes incentives for wind projects

Argus Leader News - Feb 19

The South Dakota Senate has approved a measure that would provide financial incentives to encourage construction of wind power projects in the state. The Senate voted 26-7 to send the proposal to the House of Representatives. The bill would give a wind project an incentive payment roughly equal to 2 percent of the construction cost, but wind farms would pay higher taxes later after they begin operating.

Plan to replace NC regulators could hamper solar industry

Biz Journal - Feb 20

Solar developers say a North Carolina Senate proposal to dismiss all the state’s current utility regulators leaves investors and lenders unwilling to commit to new projects, and that unwillingness could persist for months, stalling the growth of the industry in late 2013 going into next year. At issue is a more than half-finished proceeding to set what is called the “avoided-cost rate” for North Carolina’s three major utilities.

NC solar farm to reach 100MWs

Solar Energy - Feb 18

While almost all of the gigantic solar installations in the U.S. are being built out in the Southwest, a growing number of large-scale projects are heading back across the country like a solar jet stream. Most recently North Carolina-based Strata Solar said it would build a $250 million, 100 megawatt photovoltaic farm in Warsaw, N.C. The project is one of the largest solar projects based in the U.S. Southeast (National Solar Group is building a 400 megawatt project in Florida) and proves, again, that utility-scale solar is not the exclusive province of the Southwest. Strata Solar's project is the largest planned for North Carolina, dwarfing the state’s largest PV farm, which is currently at 15.5 megawatts.

Technology advancements key to geothermal growth in U.S.

Think Geo Energy News - Feb 15

As the Geothermal Energy Association prepares to release its annual development report at the State of the Geothermal Energy Industry Briefing on February 26 in Washington, preliminary industry data reveals that year-end geothermal growth in 2012 was up 5% from the previous year. This uptick in development, which produced 147.05 MW of gross online geothermal capacity in 2012, is due in part to pioneering developments in geothermal technology.

Wyden floats plan to boost geothermal energy

Capitol Hill's Energy & Environment Blog - Feb 15

Pieces of new Senate Energy and Natural Resources Committee Chairman Ron Wyden’s legislative agenda are beginning to take shape. On Thursday, Wyden introduced a measure aimed at boosting development of geothermal energy by tweaking the leasing program for tracts of federal land to develop the renewable resource. Currently the Interior Department holds lease sales, and then offers land on a “noncompetitive” basis if no bids are received, Wyden said. The bill, Wyden said, would expand access to land that’s offered outside of competitive lease sales. “This legislation extends the authority for noncompetitive leasing in cases where a geothermal developer wants to gain access to Federal land immediately adjacent to land on which that developer has proven that there is a geothermal resource that will be developed. This will allow a geothermal project to expand onto adjacent land, if necessary, to increase the amount of geothermal energy it can develop.

Sleeping geothermal giant stirs

Forbes News - Feb 20

Rumblings in the geothermal power sector have been highlighted in early 2013 by several important developments. Geothermal startup AltaRock Energy, which is backed by Google, Khosla Ventures, Kleiner Perkins, and Vulcan Capital, has reported cost reductions through the successful creation of multiple engineered geothermal areas from a single drilled well at its Newberry project outside of Bend, Oregon. JP Morgan, meanwhile, has purchased an interest in eight existing geothermal plants owned and operated by a U.S.-based subsidiary of Ormat Technologies.

Notable Renewable Energy Projects and Deals

LightSail raises another $5.5M for energy storage

Sustainable Business Oregon - Feb 19

LightSail Energy Inc. has raised another $5.5 million -- a second close of its Series D round -- for its compressed air energy storage technology, according to Greentech Media. LightSail is developing utility-scale compressed-air energy storage that would enable renewable energy to be stored for use when it's most needed. For instance, solar power collected in the daytime could be used at night or wind power collected at night could be used in the daytime.

Hannon Armstrong files for $100m clean energy IPO

Think Geo Energy News - Feb 19

Hannon Armstrong, a merchant bank and specialty finance firm, has filed for an initial public offering (IPO) with regulators in the U.S. Hannon Armstrong Sustainable Infrastructure Capital Inc. is looking to raise $100 million, first as a real estate investment trust and plans then to float on the New York Stock Exchange. The company plans to use the proceeds for the retirement of notes and debt repayment. The company was involved in the development of the Hudson Ranch I geothermal power plant in California by EnergySource, with Mighty River Power (previously via GeoGlobal Energy) and Fuji Electric (for the Hudson Ranch II project) as shareholders that entered during the construction phase of the project. The company is currently constructing phase II of the plant adding another 49 MW to the existing capacity.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Allen Matkins | Attorney Advertising

Written by:

Allen Matkins
Contact
more
less

Allen Matkins on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up using*

Already signed up? Log in here

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Privacy Policy (Updated: October 8, 2015):
hide

JD Supra provides users with access to its legal industry publishing services (the "Service") through its website (the "Website") as well as through other sources. Our policies with regard to data collection and use of personal information of users of the Service, regardless of the manner in which users access the Service, and visitors to the Website are set forth in this statement ("Policy"). By using the Service, you signify your acceptance of this Policy.

Information Collection and Use by JD Supra

JD Supra collects users' names, companies, titles, e-mail address and industry. JD Supra also tracks the pages that users visit, logs IP addresses and aggregates non-personally identifiable user data and browser type. This data is gathered using cookies and other technologies.

The information and data collected is used to authenticate users and to send notifications relating to the Service, including email alerts to which users have subscribed; to manage the Service and Website, to improve the Service and to customize the user's experience. This information is also provided to the authors of the content to give them insight into their readership and help them to improve their content, so that it is most useful for our users.

JD Supra does not sell, rent or otherwise provide your details to third parties, other than to the authors of the content on JD Supra.

If you prefer not to enable cookies, you may change your browser settings to disable cookies; however, please note that rejecting cookies while visiting the Website may result in certain parts of the Website not operating correctly or as efficiently as if cookies were allowed.

Email Choice/Opt-out

Users who opt in to receive emails may choose to no longer receive e-mail updates and newsletters by selecting the "opt-out of future email" option in the email they receive from JD Supra or in their JD Supra account management screen.

Security

JD Supra takes reasonable precautions to insure that user information is kept private. We restrict access to user information to those individuals who reasonably need access to perform their job functions, such as our third party email service, customer service personnel and technical staff. However, please note that no method of transmitting or storing data is completely secure and we cannot guarantee the security of user information. Unauthorized entry or use, hardware or software failure, and other factors may compromise the security of user information at any time.

If you have reason to believe that your interaction with us is no longer secure, you must immediately notify us of the problem by contacting us at info@jdsupra.com. In the unlikely event that we believe that the security of your user information in our possession or control may have been compromised, we may seek to notify you of that development and, if so, will endeavor to do so as promptly as practicable under the circumstances.

Sharing and Disclosure of Information JD Supra Collects

Except as otherwise described in this privacy statement, JD Supra will not disclose personal information to any third party unless we believe that disclosure is necessary to: (1) comply with applicable laws; (2) respond to governmental inquiries or requests; (3) comply with valid legal process; (4) protect the rights, privacy, safety or property of JD Supra, users of the Service, Website visitors or the public; (5) permit us to pursue available remedies or limit the damages that we may sustain; and (6) enforce our Terms & Conditions of Use.

In the event there is a change in the corporate structure of JD Supra such as, but not limited to, merger, consolidation, sale, liquidation or transfer of substantial assets, JD Supra may, in its sole discretion, transfer, sell or assign information collected on and through the Service to one or more affiliated or unaffiliated third parties.

Links to Other Websites

This Website and the Service may contain links to other websites. The operator of such other websites may collect information about you, including through cookies or other technologies. If you are using the Service through the Website and link to another site, you will leave the Website and this Policy will not apply to your use of and activity on those other sites. We encourage you to read the legal notices posted on those sites, including their privacy policies. We shall have no responsibility or liability for your visitation to, and the data collection and use practices of, such other sites. This Policy applies solely to the information collected in connection with your use of this Website and does not apply to any practices conducted offline or in connection with any other websites.

Changes in Our Privacy Policy

We reserve the right to change this Policy at any time. Please refer to the date at the top of this page to determine when this Policy was last revised. Any changes to our privacy policy will become effective upon posting of the revised policy on the Website. By continuing to use the Service or Website following such changes, you will be deemed to have agreed to such changes. If you do not agree with the terms of this Policy, as it may be amended from time to time, in whole or part, please do not continue using the Service or the Website.

Contacting JD Supra

If you have any questions about this privacy statement, the practices of this site, your dealings with this Web site, or if you would like to change any of the information you have provided to us, please contact us at: info@jdsupra.com.

- hide
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
Feedback? Tell us what you think of the new jdsupra.com!