Connect with us

Published

on

ACORE Statement on Senate Passage of Reconciliation Bill

WASHINGTON, D.C. — The following is a statement from Ray Long, President and CEO of the American Council on Renewable Energy (ACORE) on Senate passage of the reconciliation bill:

“The clean energy industry has been clear eyed that a phase out of the clean energy tax credits was coming. While overall this is not the outcome we had hoped for, our industry will continue to press forward.

“Right now, American businesses have over $300 billion invested in renewable projects around the country. Wind, solar, and storage are the only energy sources that can be deployed at the scale and speed required to meet near-term demand and stabilize the grid. These technologies are essential to American energy security, supporting our economic prosperity and technological leadership. Right now, China is investing in clean energy to further consolidate their advantage in supply chains, manufacturing, and the AI arms race. They are focused on beating the United States – while we’ve just spent months debating which generation sources we support.

“We’re grateful to the lawmakers who stood up for policy certainty and a level playing field. The clean energy industry will keep building, keep hiring, and keep innovating. And we will continue to work with policymakers who believe that American energy leadership must include all technologies, including wind, solar, and storage – because our economy, our grid, and our global standing depend on it.”

###

ABOUT ACORE

For over 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s leading voice on the issues most essential to clean energy expansion. ACORE unites finance, policy, and technology to accelerate the transition to a clean energy economy. For more information, please visit http://www.acore.org.

Media Contacts:
Stephanie Genco
Senior Vice President, Communications
American Council on Renewable Energy
genco@acore.org

Dylan Helms
Manager, Communications
American Council on Renewable Energy
helms@acore.org

The post ACORE Statement on Senate Passage of Reconciliation Bill appeared first on ACORE.

https://acore.org/news/acore-statement-on-senate-passage-of-reconciliation-bill/

Continue Reading

Renewable Energy

Democracy Returns to Hungary

Published

on

Péter Magyar just knocked out the Kremlin’s power and authority in Europe. Viktor Orbán is out.

I’m so happy for the people of Hungary, and for Americans as well, because here’s proof that it’s possible for authoritarianism to be overturned by the will of the people.

It’s a rare example, but an example nonetheless.

Democracy Returns to Hungary

Continue Reading

Renewable Energy

Vineyard Wind Sues GE Vernova, US Monopile Factory Bankrupt

Published

on

Weather Guard Lightning Tech

Vineyard Wind Sues GE Vernova, US Monopile Factory Bankrupt

Allen covers EEW American Offshore Structures’ Chapter 11 filing, Vineyard Wind suing GE Vernova for $545 million, Europe’s exit from Korea, and wind project wins in Australia and Canada.

Sign up now for Uptime Tech News, our weekly newsletter on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard’s StrikeTape Wind Turbine LPS retrofit. Follow the show on YouTubeLinkedin and visit Weather Guard on the web. And subscribe to Rosemary’s “Engineering with Rosie” YouTube channel here. Have a question we can answer on the show? Email us!

There is a story unfolding across this industry right now. It is a story of two worlds. One world is closing its doors. The other is throwing them wide open.

Let us start in New Jersey. EEW American Offshore Structures filed for Chapter Eleven bankruptcy on April eighth. This was the first monopile manufacturing facility ever built in the United States. New Jersey Governor Phil Murphy announced a two hundred fifty million dollar investment in the Paulsboro Marine Terminal back in twenty twenty. It was called the largest industrial offshore wind investment in the country at the time. At full buildout… five hundred thousand square feet of production space. More than one hundred monopiles per year. Five hundred workers. They even built the first American-made monopile… for Orsted’s Ocean Wind project. It weighed three million pounds. It measured three hundred feet long.

Then Orsted canceled Ocean Wind One and Two. Then Shell pulled out of Atlantic Shores. Without contracted work… workers disassembled and recycled finished monopiles for scrap. Federal policy shifts removed the pipeline of future projects. A landlord eviction filing followed. And then… Chapter Eleven. That is a two hundred fifty million dollar facility… with nowhere left to go.

Now stay with us. Because just offshore… another American offshore wind story is fighting for its life. Vineyard Wind… the sixty-two turbine project fifteen miles south of Martha’s Vineyard… filed suit in Massachusetts against GE Renewables. GE Vernova says Vineyard Wind owes it three hundred million dollars for work already performed… and it wants to walk away at the end of April. Vineyard Wind says not so fast.

The developer says GE still owes five hundred forty-five million dollars for what it calls inexcusably poor performance after a catastrophic turbine blade collapse in July of twenty twenty-four. Fiberglass blade fragments washed onto Nantucket beaches during peak tourist season. Sixty-eight of seventy-two blades had to be removed and replaced. That set the project back nearly two years. Construction did reach completion in March… making Vineyard Wind the first offshore project to finish under the current administration. But now the only contractor capable of completing the remaining work… wants out. A court hearing was scheduled for Thursday.

And now… look eastward. Something similar is playing out in Korea. European offshore wind companies are exiting the Korean market one by one. Corio Generation, a British firm owned by Macquarie, disbanded its Korean unit and pulled out of joint projects in Busan and Ulsan. Germany’s RWE quit offshore wind projects in Taean and Sinan counties. Vestas postponed its turbine factory in Mokpo… indefinitely. Equinor began reducing its Korean workforce. Shell exited the Korean offshore market entirely in twenty twenty-four.

These companies point to worsening global profitability… and Korean government policies they say favor domestic companies over firms with greater experience. Korea had a target of three gigawatts of offshore wind by twenty thirty. That goal is now in serious doubt.

But here is where the story turns. Not every market is closing its door. Eight thousand miles from New Jersey… in the Sunshine State of Queensland, Australia… the final forty-one turbines just arrived at the Wambo wind project. Cubico Sustainable Investments and Stanwell are building a five hundred six megawatt project on the Darling Downs. Stage One… two hundred fifty-two megawatts… already feeding the Queensland grid. Stage Two deliveries are now complete. Commissioning and full operations are on track for the end of twenty twenty-six.

And up in Ontario, Canada… the province just approved fourteen new wind and solar projects totaling more than thirteen hundred megawatts. The average price… eight point eight cents per kilowatt hour. Compare that to twenty-one point four cents for some proposed nuclear projects… and more than thirty-two cents for certain new reactor designs. Contracts run for twenty years, with all projects online before twenty thirty.

So let us step back. In New Jersey… the first American monopile factory files for bankruptcy. Off Massachusetts… a completed offshore wind farm fights to keep its contractor. In Korea… European developers pack their bags. But in Australia… turbines arrive on schedule. And in Canada… wind power undercuts nuclear at the meter.

The wind energy industry is not in retreat. It is choosing its battlegrounds. And where the conditions are right… the blades are turning.

And now you know… the rest of the story.

That is the state of the wind industry for the 13th of April, twenty twenty-six. Join us for the Uptime Wind Energy Podcast tomorrow.

Vineyard Wind Sues GE Vernova, US Monopile Factory Bankrupt

Continue Reading

Renewable Energy

Criticizing Trump

Published

on

Did Jennifer Lawrence really say this? I hope not, because it’s complete stupidity.

People who didn’t criticize Hitler, Mussolini, or the dozens of other fascist dictators as they were rising to power merely ushered them into a position in which they could destroy the lives of millions of innocent lives.

Criticizing Trump

Continue Reading

Trending

Copyright © 2022 BreakingClimateChange.com