Developers have pulled the plug on the $500 million High Country Energy project after years of planning and preliminary development. The project was being developed by National Wind, a subsidiary of Trishe Renewable Energy Solutions, of India.
Xcel says the projects will boost its wind power capacity in the region by 42 percent. Approval from the Public Utilities Commission Thursday clears the way for Minneapolis-based Xcel and two energy development companies to work on securing federal tax credits.
The Minneapolis utility says it will use power from three large wind farms in Minnesota and North Dakota. It will be Xcel's single largest increase in wind generation in the Upper Midwest and will boost its wind capacity by 33 percent.
The Public Utilities Commission holds a hearing Thursday on a wind farm proposed for southeastern Minnesota that's drawn bitter opposition because of the danger it could pose to eagles, other birds and bats.
Given that change is in the air, perhaps it’s time for our North Dakota politicians to speak about strategies for leveraging our one-time revenue from our high-carbon resources into sustainable investments for long-term revenue from low-carbon energy and power production.
The production tax credit was due to expire at the end of 2012 and the extension was part of yesterday's passage of the bill to avert the so-called fiscal cliff that would have imposed income tax increases for most U.S. workers. The bill will cover all wind projects that start construction in 2013.
To the government, it was a defunct offshore light tower that hadn't helped ships navigate the waters off North Carolina in more than a decade. To a Minnesota entrepreneur, the platform out in the Atlantic is a launching pad for research into wind power and other technologies.
Our congressmen are correct in saying we need to further diversify our energy portfolio and become better stewards of our land. I like the forward-thinking of our leaders and their efforts to protect our lungs and health.
The credit leads to $15 billion in annual private investment while costing about $1 billion per year. Cutting the tax incentive for wind would reduce the federal deficit by 0.001 percent. How does cutting 37,000 private-sector jobs for 1/10th of 1 percent make any sense?
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