2017-11-20
http://w3.windfair.net/wind-power/phase-out

Wind Energy Keyword: "phase-out"

Latest Wind Energy News

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    Onshore Giant Up in the North 11/17/2017
    ... at present - despite the fact that the decision to phase out nuclear power was already taken at the end of the 1970s. After this decision had been... company Vattenfall took the matter seriously in 2015 and finally decided to phase out - at least for the time being. At the same time, the government...
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    Hundreds of wind businesses: US Senate gets it right on tax reform 11/16/2017
    ... American wind workers. The letter asks the House to amend H.R. 1 to honor a preexisting bipartisan agreement to phase out the wind energy Production... deals. “Wind energy went first on tax reform, voluntarily agreeing to a phase-out to give the industry time to adjust,” said Tom Kiernan...
  • Iberdrola Urges Industry to Take Action on Climate Change 11/14/2017
    ...Iberdrola Urges Industry to Take Action on Climate Change Iberdrola Phases-Out Coal and Adresses Climate Protection Iberdrola urges industry to take action on climate change at the COP23 Speaking at the COP23 summit in Bonn, Iberdrola's Chairman Ignacio Galan has called on governments, corporations from all sectors of the economy and other actors across the world to take firm action on combating climate change. “Time for talking has passed, it´s time for action now!” he added. Iberdrola, coal, phase-out, climate change, COP23 “The path towards a sustainable and competitive decarbonised economy is not a problem, but a unique opportunity that creates value for society as a whole”, Galán said. However, “This transition needs continued efforts and shared responsibility. Both companies and governments have to work together more than ever, to develop stable frameworks, technologies and skills in order to drive the world towards a cleaner, more sustainable, efficient and economically viable energy future”. Citing Iberdrola's decision to close their remaining coal power plants in Spain, Ignacio Galan said: "Iberdrola has set very strong targets to reduce carbon emissions, meaning we will reduce our carbon intensity by 50% in 2030. In this sense, we have made the tough decision to close all of our fuel oil and coal-fired power plants around the world (almost 7,500 MW), and focus on renewable technologies -which are essential for the electrification of the economy (especially in transport)-, as well as on the required network infrastructures and storage capacity to ensure supply. “Iberdrola will continue to do our part, but we need other industries and companies to follow our lead”. ...
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    House reneges on tax deal, puts American jobs at risk 11/03/2017
    ... contains provisions that would threaten American job growth and energy dominance. By derailing a bipartisan agreement to phase out the wind energy... in manufacturing and construction activity are at serious risk under this plan. These investments were made based on the rules of the 2015 phase out. Changing the rules in the middle of the game would be disastrous for American workers building wind turbines and farmers and ranchers harvesting the wind,” Kiernan added. The wind industry worked with Congress in 2015, reaching a bipartisan agreement on tax reform that phased out the PTC over five years. Investors, taking Congress at their word, banked on stable investment policy and poured billions of dollars into the U.S. economy. The wind energy PTC, which allows for a tax credit for each kilowatt hour (kWh) generated, was the tool Congress created for wind developers to access capital needed to grow wind power in the U.S. This successful policy has driven domestic infrastructure investment and manufacturing, delivering U.S. jobs and driving down the costs to produce electricity. Recognizing the policy was working and success was near, Congress passed a bipartisan five-year extension and phase out of the credit in 2015, which is proceeding on an 80%-60%-40% schedule, ending after 2019. The bill changes the terms of PTC qualification defining start of construction. Investors who put billions of dollars into factory orders and construction contracts cannot go back in time to meet the revised requirements. The House tax proposal would also terminate an inflation adjustment, cutting the value of the credit by half or more. Navigant Consulting projects that maintaining stable investment policy through the five-year PTC phase out will create $85 billion in economic activity and help grow another 50,000 American jobs, including 8,000 jobs at U.S. factories, through the end of President Trump’s first term. Boosting production of U.S. wind energy helps increase American energy independence and security. The majority of the value of an American wind farm is made-in-the USA by 102,500 workers and 500 factories across all 50 states. ...
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    WWEA and KWEIA work together to boost Korean wind market 08/11/2017
    ... several coal power stations and will prepare a plan to phase out nuclear power as well. In accordance with switching off polluting energy sources...
  • Unpacking the Finkel Review 06/13/2017
    ... be technology neutral, not act as a restriction on wind and solar development. Australia needs to phase out coal, quickly. The Finkel Review does...
  • Record low prices awarded at auctions in 2016-2017 indicate the increasing competitiveness of renewables globally 05/10/2017
    ... reductions in LCOE are critical for future development opportunities for wind and solar as federal incentives phase out. Variability in LCOE exists in other regions of the Americas especially as many markets are still developing. In Mexico, wind and solar, at least the projects awarded at auction that have yet to be built, are cost competitive with gas-fired generation. The cost position in Brazil is much higher than in Mexico due to supply chain dynamics. Moreover, significant currency risk in Brazil has increased the LCOE for wind and solar and may impact it over the long term. The latest generation of 3MW+ turbine models positions the German onshore wind energy market well for the auction system of renewables pricing that will replace the feed-in-tariff as part of the energy policy restructuring. The solar market in Germany has experienced several rounds of renewable auctions, and is nearly cost-competitive with wind energy. In Asia Pacific, the LCOE of onshore wind in China and India will need to be reduced for national targets to be met under evolving market mechanisms. Auctions in India have indicated that CAPEX levels of solar plants that are yet to be grid connected are one of the lowest in the world but higher financing costs due to poor off-taker credit rating partially offset these gains.  Declining FIT levels in China will put increasing focus on performance improvement gains to lower LCOE. LCOE gains in the two Asian powers will be sufficient by 2022 to enable growth of renewables on a strictly market-driven basis. The European offshore market will experience a significant improvement in LCOE over the next five years due to infrastructure investments in the North Sea, the latest generation of 7MW+ turbines, and optimization of O&M practices, which is critical to meet recent contracts awarded at auction. Economies of scale have contributed to driving down the LCOE. The LCOE of offshore wind in Europe is expected to converge with other technologies by 2022.   MAKE’s LCOE Research Note examines the evolution of the cost of wind and solar energy as well as other forms of power generation within fourteen key global markets. The LCOE of wind and solar is compared to natural gas, coal-fired power, nuclear, hydro and geothermal. Future projections are made for wind and solar energy LCOE, considering the technology and supply chain trends affecting the industry. ...
  • 2017 North America Wind Power Outlook 05/03/2017
    .... The PTC extension provides for a multi-year phase-out, but only the 80% PTC value will incentivize a meaningful quantity of wind installations...
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    WindEurope argues for an Electricity Market Design consistent with the EU’s climate strategy 04/26/2017
    ... System continues to fail in delivering a meaningful carbon price signal. Therefore, action must now be taken to accelerate the phase-out of coal power...
  • DONG Energy awarded three German offshore wind projects 04/18/2017
    ... include the impact of EU actions to reinvigorate the European carbon trading scheme; the phase-out of conventional and nuclear capacity; the future role of coal in Europe; and the build-out of onshore transmission grids ...
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