11 April '10
10:25 AM UTC
1 Comment
Uncategorized

This Week In Green Energy: Ontario Green

Week of April 5 – to – April 9, 2010

Ontario is reaping the benefits of its innovative cleantech regulation.

This week, Ontario issued some $8 billion as part of the province’s year-old feed-in tariff program. Ontario, Canada’s most populous province, has pioneered the use of cleantech as a catalyst to create a “green collar economy.” Besides the feed-in tariff program, the province has also implemented the Renewable Energy Standard Offer Program (RESOP), which backs renewable energy projects with long-term power purchase agreements with the Ontario Power Authority. These days, a bulk of the North American renewable energy projects securing financing is backed by RESOP power purchase contracts.

Back to the feed-in tariffs, in this latest round, the Ontario Power Authority announced 184 long-term power purchase contracts with wind, solar, hydro and landfill gas projects. Combined, these will generate about 2,500 megawatts of green power. Ontario claims its feed-in tariff has helped attract 694 green-energy projects since 2007, writes Techpulse360.

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9 April '10
9:46 AM UTC
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  Wind

Is a Casino Deal In The Works For Cape Wind? That’s one rumor floating around

A "casino for wind power" deal might be in the works for Cape Wind.

One of the obstacles standing in the way of Cape Wind’s 420-megawatt wind farm off Cape Cod is the Mashpee Wampanoag, whose tribal leaders say the $1 billion offshore facility and its 130 turbines would desecrate tribal burial sites.

But is a deal in the works? G.E.R. has learned that federal authorities could approve the Cape Wind project but in a consilatory move would also support the Mashpee Wampanoag’s plan to develop a casino. A spokeswoman for the Tribal Council declined to comment.

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5 April '10
7:45 AM UTC
4 Comments
  Wind

Cape Wind: Ken Salazar Has Two Unappetizing Choices

Stormy seas ahead for Ken Salazar?

It’s down to Ken Salazar now.

The Interior Department’s , released Friday, claims that the impact of the $1 billion, 130-wind-turbine Cape Wind project in Nantucket Sound will be “pervasive, destructive and… permanent”. The report read as though it was written by Cape Wind’s most prominent opponent, the .

Now Interior Secretary Salazar, who is expected to make a decision on the Massachusetts wind farm later this month, is left with two equally unappetizing choices. Read More »

4 April '10
9:25 AM UTC
1 Comment
Uncategorized

This Week In Green Energy: Obama’s New Drill

Week of March 29 – to – April 2, 2010

The drill flip

Why did he do it? That was the question many people asked this week after President Obama endorsed offshore oil and gas drilling along the Atlantic Coast, from Delaware to central Florida, the eastern Gulf of Mexico and Alaska’s north coast. The announcement follows 14 months of aggressive pro-green policies by the Obama administration.

President Obama justified his decision as an extension of his ongoing “pan-energy” policy, in which renewable energy is one prong and the development of next-generation nuclear reactors and exploration for new oil reserves is the other.

Politically, after a bruising, yearlong fight in Congress over health care, the Obama administration sees offshore drilling as a bi-partisan issue that could get Republicans to support a comprehensive climate change and energy bill. Will it? That’s hard to predict, as Republicans, saying his move doesn’t go far enough, quickly criticized the president for maintaining the ban on much of the Pacific Coast. His decision, not surprisingly, also angered the environmental community.

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31 March '10
4:54 PM UTC
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  Wind

Offshore Is In The Air, Cape Wind Announces Wind Turbine Deal With Siemens

Cape Wind knows a good news hook. With offshore dominating the news-cycle  (and the Google search terms), the persistent Boston-based offshore wind developer chose today to announce that it has entered into an agreement with Siemens of Germany to purchase up to 130, 3.6-megawatt wind turbines for the  420-megawatt wind farm it wants to build off Cape Cod.

This is the second turbine contract for Cape Wind. When the project was first launched in 2003 General Electric got the turbine contract. However, GE walked out of the offshore wind turbine business, forcing Cape Wind to get a new supplier.

Securing turbines is a key step in any project development as it can pave the way to more substantive discussions on project financing. A project void of a turbine deal will find it difficult to convince bankers to finance the project. The types of turbines used can also impact the overall price of the loan — . Cape Wind is expected to cost about $1 billion to develop.

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