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Offshore Wind Projects Receive Boost from Massachusetts and Biden Administration

LCG, March 31, 2021--The Governor of Massachusetts signed legislation last Friday that authorizes the state to direct utilities to purchase an additional 2,400 MW of offshore wind energy by 2027.

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NV Energy's Greenlink Nevada Transmission Project Approved by PUCN

LCG, March 25, 2021--The Public Utilities Commission of Nevada (PUCN) on Monday approved proceeding with NV Energy's Greenlink Nevada transmission and renewable energy initiative. NV Energy's planned investment in Greenlink is over $2.5 billion.

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Industry News

Wind Turbine Manufacturers Stress Need for Congress to Extend the PTC

LCG, April 23, 2008--Representatives of four of the largest wind turbine manufacturers spoke Monday at a meeting organized by the American Wind Energy Association (AWEA) to highlight the need for Congress to proceed rapidly and extend the renewable energy production tax credit (PTC).

Historically, Congress has frequently acted at the last minute to extend the PTC or even let the PTC lapse in some years. The impact has been a boom-bust cycle for the wind industry in the U.S.

Representatives of GE Energy, Gamesa, Siemens and Vestas outlined their justification for quick action by Congress to extend the PTC, which is now set to expire December 31, 2008. The PTC provides an incentive of approximately two cents per kWh generated to renewable energy facilities, including wind, as well as closed-loop biomass, solar, and geothermal facilities. The incentive is available for a period of up to ten years, given the facility commences operation prior the expiration of the PTC.

Representatives of the wind turbine manufacturers touted the growing wind industry in the U.S. and the need to support it. According to the press release, the wind energy industry has created 45,000 jobs for Americans, including 10,000 new jobs in 2007. Furthermore in 2007, six new wind manufacturing plants opened in 2007, and plans for eight more were announced.

With regards to actual installation of renewable energy facilities, approximately 5,200 MW of wind generation was installed last year, setting a new record. At the end of 2007, the total installed capacity in the U.S. was 16,818 MW.

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