Renewable Energy Update -- November 14, 2012

more+
less-

Renewable Energy Focus

What Does The Obama Re-Election Mean For Wind?

Seaking Alpha - Nov 7

It is not yet clear whether the November 6 Obama presidential victory will fulfill wind insiders’ repeated predictions that the industry’s vital 2.2 cents per kilowatt-hour production tax credit (PTC) would be extended with the election decided. Newly re-elected President Obama has said he wants to make the PTC permanent. But that will require the cooperation of a still-divided Congress.

What Stops Banks From Lending to Energy Efficiency Projects?

Clean Techies Blog - Nov 12

Four years after the US credit market crashed, energy efficiency projects continue to struggle to secure financing. What’s the problem? A slow economy, of course. But when it comes to energy efficiency – and on-site renewable energy – the problem runs deeper. It’s not lack of interest in green energy. Banks are interested in lending to green projects, but lenders become spooked when they begin to evaluate the risks associated with energy efficiency and on-site solar.

IRS Appeals Solyndra Chapter 11 Confirmation Decision

Dow Jones VentureWire Alert - Nov 2

As promised, the Internal Revenue Service has appealed a bankruptcy-court order confirming the Chapter 11 plan of Solyndra LLC.

Wind energy has been the fastest growing renewable energy source over the past decade

REVE Wind News - Nov 3

Wind energy on its own is very affordable. It isn’t going to run out. Technology may change, but the well won’t run dry. Researchers with the Global Wind Energy Council anticipate annual average installation rates to continue to increase at 15.5 percent each year through 2015.

Can Solar Follow Wind into the Power Trading Market?

Green Tech Solar News - Nov 8

Independent power producers have, to date, largely relied on securing power purchase agreements (PPA) with utilities for the price certainty needed to finance utility scale solar projects. Because the levelized cost of electricity of wind has recently been more competitive than that of solar, developers have had another path to price certainty, explained Lincoln Renewable Energy COO and former Acciona North America CEO Dan Foley. LRE just announced the finalization of a 20 year PPA with Southern California Edison for the output of its adjoining 20 megawatt Marathon and 10 megawatt Agincourt solar power plants, scheduled for 2013 construction in Southern California. Foley said that soon, as the result of small marketplace changes, it could be possible to build utility scale solar without a PPA.

Final answer: U.S. hits Chinese solar makers with tariffs

Earth2Tech Blog - Nov 7

The trade complaint against Chinese solar cell makers drew to an end on Wednesday when the U.S. International Trade Commission (ITC) sided with U.S. solar manufacturers, agreeing that yes, U.S. solar makers have indeed been harmed by Chinese competitors. It’s a decision that will keep in place tariffs on silicon solar cells coming out of China. The ITC agreed in a 6-0 vote that Chinese solar producers have benefited from illegal subsidies from the Chinese government and sold products at below fair market value. The ITC’s findings corroborate the decision by the U.S. Commerce Department in October.

BLM considering expanding Arizona solar energy zones

Solar Energy - Clean Energy Authority - Nov 2

It was just a few weeks ago that the BLM finalized the PEIS creating solar energy zones throughout seven southwestern states, and already the BLM is expanding the solar energy zones. Earlier this week BLM proposed creating an additional Solar Energy Zone in Arizona, which would open up more federal lands to solar development.

Arizona Continues to Expand Solar-Power Capacity

SBWire News - Nov 3

Arizona has been one of the leaders in the acceptance of solar power since the inception of the technology. According to the Solar Energy Industries Association (SEIA), the state has now seen the third largest growth rate in installed photovoltaic capacity since the end of 2009, installing 297 megawatts of PV power during the three-year period. The latest projects in Arizona underscore the state's likelihood of continuing to expand its solar energy prominence.

Pennsylvania Senate Introduces Solar Bill to Effect Change in the Declining SREC Market

Renewable Energy World - Solar Energy News - Nov 7

In August 2012, Senator Dave Argall (R-29) of the Pennsylvania State Senate, introduced legislation to spur change to the state’s declining solar renewable energy credit (SREC) market. This bill has been introduced in response to the lack of movement on a similar House Solar Bill introduced in 2011.

Oregon Plans Proposal for Marine Renewable Energy Areas

Offshore Wind - Nov 5

The Oregon Department of Land Conservation is planning an amendment to the Oregon Territorial Sea Plan, which will include specification of areas for development of marine renewable energy.

San Bernardino County supervisors vote to adopt wind turbine regulations

San Bernardino Sun News - Nov 6

The Board of Supervisors last week opened the door to allowing greater flexibility in the design and use of wind turbines in the region. Supervisors adopted a proposed amendment to revise existing regulations of small wind energy systems. The proposed code would loosen regulations for the number of wind energy units on a parcel of land; allow the possibility of multiple units to be located on one parcel; and modify permit requirements.

Notable Renewable Energy Projects and Deals

AES Solar Completes $752M In Debt Financing

PE Hub News - Nov 12

AES Solar, a joint venture of The AES Corporation and Riverstone Holdings LLC, announced today that it has completed three financings totaling $752 million, including a project financing of a 266 megawatt solar photovoltaic power plant in the United States, a project financing of a 22.4 MW portfolio of three solar PV power plants in France and a corporate revolving credit facility for AES Solar.

Largest Wind/Solar Hybrid Project in the United States Setting Example for Green Job Creation

Solar Thermal Magazine - Nov 2

EDF Renewable Energy, formerly enXco, celebrates the construction and operation of two Kern County projects producing clean energy for Southern California. The 140 MW Pacific Wind and 143 MWp Catalina Solar projects were developed and contracted independently; however, their close geographic proximity to one another enabled the projects to share certain infrastructure and thus evolve into one of the largest wind/solar hybrid projects in the United States. Pacific Wind began operation in August 2012 and the first phase of Catalina Solar will begin operation in December 2012. Both deliver carbon-free electricity into the grid for the benefit of San Diego Gas & Electric Company’s (SDG&E) generation portfolio under two separate power purchase agreements.

CPUC OKs State IOUs' Plans For Renewable Energy Procurement

Solar Industry Mag - Nov 12

The California Public Utilities Commission (CPUC) last week approved the renewable energy procurement plans of investor-owned utilities Pacific Gas and Electric Co., Southern California Edison, and San Diego Gas & Electric.

Leading Provider of Commercial Solar Power Products and Services Relocates Corporate Headquarters

Solar Thermal Magazine - Nov 7

SPG Solar, a leading provider of commercial solar power products and services, today announced that it is relocating its corporate headquarters to Petaluma, Calif., effective January 1, 2013. The new headquarters complex will include a state-of-the-art research and development (R&D) facility, space for rigorous product testing, an expanded warehouse, and a customer center with a fully operational SunSeeker single axis tracker.

Devine William R

William R. Devine
Partner
Land Use | Real Estate | Energy & Cleantech | Environmental & Natural Resources | Water Rights & Resources
Orange County
(949) 851-5412
(949) 553-8354 (fax)

E-mail me

Perry Patrick A

Patrick A. Perry
Partner
Land Use | Energy & Cleantech | Wireless Telecom Real Estate | Real Estate | Infrastructure
Los Angeles
(213) 955-5504
(213) 620-8816 (fax)

E-mail me

Murray Emily

Emily L. Murray
Partner
Energy & Cleantech | Land Use | Litigation | Environmental & Natural Resources | Wireless Telecom Real Estate
Los Angeles
(213) 955-5584
(213) 620-8816 (fax)

E-mail me

 

Reporters on Deadline

CONNECT

Allen Matkins, founded in 1977, is a California-based law firm with more than 200 attorneys in four... View Profile »


Follow Allen Matkins Leck Gamble Mallory & Natsis LLP: