Renewable Energy Update -- November 7, 2012

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Renewable Energy Focus

Investors Ask for Wind Tax Credit Extension

Domestic Fuel - Oct 26

Dozens of investors totaling more than $800 billion in assets have called for an immediate extension of the Production Tax Credit (PTC) for renewable energy, specifically wind power. In a letter delivered to Congressional leaders , investors noted that this critical tax credit creates broad economic benefits, both for wind power producers and their suppliers across the nation. Several of these investors met with Congressional staff to discuss their support for the credit.

It's Obama: Now What For Climate And Clean Energy?

Think Progress - Nov 7

After months of speeches and debates, and billions of dollars of campaign ads, the elections are over and President Obama has won a second term in office. Here is a look at what this means for renewable energy and climate change.

K Road, SunPower complete 25MW solar plant in California

Energy Business Review - Oct 30

Power producer K Road Power Holdings and solar energy systems developer SunPower have completed the 25MW McHenry solar plant in Modesto, California. Power produced at the plant will be supplied to Modesto Irrigation District (MID), under a 25-year power purchase agreement.

AT&T; Becomes Bloom Energy's Largest Non-Utility Fuel Cell Customer

Solar Thermal Magazine - Oct 28

Reliable and affordable alternative power generation is crucial for a clean energy future. AT&T took a step toward that future with the announcement of a planned additional 9.6 MW of fuel cell power from clean energy provider Bloom Energy . The new installations will make AT&T Bloom Energy ’s largest non-utility customer.

Walmart Celebrates Newly-Operational Industrial Wind Turbine at Distribution Center

PR Newswire Energy - Oct 29

Last week, Walmart celebrated its newly operational large-scale wind turbine at its distribution center in Red Bluff, California. The wind turbine is Walmart's first onsite industrial-sized wind turbine.

California approves two solar PPAs for BrightSource projects

Recharge News - Oct 26

California regulators have approved two power purchase agreements between developer BrightSource Energy and utility Southern California Edison, but turned down three others for being too expensive “relative to other thermal projects.

E.ON Climate & Renewables Nets Financing For Large Texas Wind Farm

North American Wind Power - Oct 31

E.ON Climate & Renewables North America has secured $223.6 million in financing for the 203 MW Magic Valley Wind Farm, located in Willacy County, Texas. The financing includes institutional equity financing of approximately $167.7 million and a commitment to fund expected capital contributions of approximately $55.9 million from a group of investors that includes JPM Capital Corp. and Wells Fargo Wind Holdings LLC in exchange for a partial interest in EC&R's recently completed Magic Valley Wind Farm.

Lightway Solar America Team Executes 62.8 MW Project Development Pipeline

Solar Thermal Magazine - Oct 26

Lightway Solar America, Inc., the U.S. subsidiary of Lightway Green New Energy Co., Ltd., has announced the execution of 62.8 MW of contracts through their project development subsidiary, Lightway Solar America Project Development, LLC. Lightway has implemented a sales model in which 11.9 MW of solar panels will be invested into these projects in exchange for equity positions with a commitment from their project partners to purchase the remaining 50.9 MW through executed supply agreements.

Lightway Solar America Enters Into Agreement with Pristine Sun to Supply 11.8 MW of Solar Modules

eSolar Energy News - Oct 29

Lightway Solar America, Inc., the U.S. subsidiary of Lightway Green New Energy Co., Ltd., and Pristine Sun, LLC have entered in an agreement whereas Lightway will supply 11.8 megawatts of solar panels for 12 projects located throughout California ranging from 325 KW to 1.95 MW.

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Topics:  Renewable Energy, Solar Energy, Wind Power

Published In: Administrative Agency Updates, Elections & Politics Updates, Energy & Utilities Updates, Environmental Updates, Tax Updates

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.

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