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Entries in Renewable Energy (5)

Thursday
Mar232017

Xcel announces $1.6 billion investment in wind energy from South Plains, New Mexico

Lubbock Avalanche-Journal

March 23, 2017

AMARILLO — Xcel Energy on Tuesday filed to build two new wind energy developments, as well as entering a long-term contract with two existing sites on the South Plains and Eastern New Mexico, adding 1,230 megawatts — enough energy to power 440,000 homes — to its regional system.

The new investment in wind energy comes at a cost of $1.6 billion.

The company plans to build the Sagamore Wind Project in Roosevelt County, New Mexico, by 2020 and the Hale Wind Project in Hale County, south of Plainview, by 2019. Two prospective wind fields in Cochran County and Crosby County near Lubbock, owned by NextEra Energy Resources and known collectively as Bonita Wind Project, will generate an additional 230 megawatts from 2019 to 2049.

Read on...


Thursday
Mar232017

Xcel Energy to invest billions in new wind farms in Colorado, elsewhere

Denver Business Journal

March 23, 2017

Xcel Energy Inc. is making a multibillion-dollar investment in wind power across seven states, from Minnesota to New Mexico — and using Colorado-made turbines from Vestas Wind Systems for a large chunk of it.

The Minneapolis-based company (NYSE: XEL) is proposing to build or buy power from 11 new wind farms in the seven states that would generate up to 3,380 megawatts worth of renewable energy — enough to meet the power demand of about 1,014,000 homes.

The company expects to spend between $3.5 billion and $4.4 billion on the wind farms, if all the projects are approved by regulators, according to a spokeswoman.

Read on...

Wednesday
Dec162015

New report details increased affordability of renewables, efficiencies in oil and gas production, and Colorado‚Äôs leadership role in energy policy

Metro Denver Economic Development Corporation: Colorado Energy Coalition

December 16, 2015

The Colorado Energy Coalition (CEC), an industry affiliate of the Metro Denver Economic Development Corporation (Metro Denver EDC), today released the seventh edition of its Resource Rich Colorado (RRC) report.

The annual study measures and details Colorado’s competitive position in the oil, natural gas, coal, renewables, power, alternative fuel vehicle, and environment and sustainability sectors that make up the energy industry.

The analysis also compares Colorado to the 49 other states based on the availability of natural resources for energy generation, energy policies and programs, and the intellectual resources crucial to energy development.

“Colorado is truly ‘resource rich’ due to its substantial energy resource mix, tremendous intellectual capital with 24 federally-funded scientific research laboratories, and its highly progressive energy policies and programs,” said Brian Payer, Consulting Manger with IHS Corporation, and Co-Chair of the CEC’s Resource Rich Colorado Committee. “These assets make the state one of the most diverse energy economies in the world.”

This year’s report highlights a major shift in the affordability of renewable energy, noting that when considering the unsubsidized, levelized costs of new power plant facilities, the cost of wind energy is now at parity with natural gas and the price of solar has shown tremendous price drops.  Read on…

A detailed analysis of Colorado’s and the United States’ competitive rankings can be found by downloading the full report below.

Resource Rich Colorado, Seventh Edition (Executive Summary)

Resource Rich Colorado, Seventh Edition (Full Report)

Tuesday
Jun162015

Ports-to-Plains Region Draws New Renewable Energy Manufacturing Facility in Amarillo, TX

Texas Governor Greg Abbott today announced that , the industrial wind division of Spanish-based Gonvarri Steel Industries, plans to build a new manufacturing plant in Amarillo, Texas. The plant, which will manufacture renewable wind energy components, is projected to create over 300 new jobs and $41 million in capital investment in the State of Texas.  A Texas Enterprise Fund (TEF) grant offer of $1.85 million has been extended to GRI.

The Amarillo EDC's proposal calls for conveying the 48 acre site to the company and providing a job creation incentive grant of $3.3 million or $10,000 per job created. The cash incentive will go toward the construction of rail to serve the facility and site improvements on the GRI property.

The proposed project is expected to employ, over time, approximately 300 people and will be sufficient in capacity to supply the US market with approximately 400 wind towers per year.

The facility is expected to be fully operational in late 2016, with the aim of providing wind towers to the US market and thereby contributing to the robust development of renewable energy in the country.

“As Governor, I am committed to making Texas the national leader in attracting foreign investment, and GRI’s decision to locate their latest manufacturing plant in the Lone Star State continues Texas’ streak of attracting job creators,” said Governor Greg Abbott. “Texas competed with multiple states to become home to this facility, and I am proud of our efforts to close this deal and inject hundreds of jobs and millions of dollars into our economy.”

According to Javier Imaz, CEO of GRI, "With this new factory in the US market, GRI will utilize its experience and know-how as a leading global supplier of wind towers. We initially considered locations in several states as a part of our business strategy to serve the US wind industry. Our decision to select Amarillo included key factors such as the probusiness environment in the state of Texas, Amarillo’s favorable geographical location and good workforce as well as a package of state and local incentives”

“The Amarillo EDC is extremely excited to have secured this investment through a very rigorous site selection process with competition from New Mexico, Oklahoma and Kansas,” said John Kritser, Amarillo EDC Board Chairman. “GRI and its family of products supports the Amarillo EDC's mission to expand our local economy and provide sustainable employment to Amarillo citizens.”

Office of Governor Greg Abbott News Release

GRI Renewable Industries News Release

Friday
Jan172014

Gas Up the DeLorean: 5 Innovators Prove the Future of Clean Energy is Here

Click here for complete article > Free Enterprise – U.S. Chamber of Commerce

January 15, 2014

Christopher Lloyd and Michael J. Fox in a scene from Back to the Future (Universal Studios).Adding gigawatts to the power grid sounds like something out of Back to the Future. But it’s happening—now. Gas up the DeLorean. The future of clean energy is here.

Wind power became the number one source of new electricity generation in the U.S. in 2012, accounting for over 43% of new additions with over 13 gigawatts added to the grid. The Energy Information Administration’s most recent market outlook forecasts consumption of solar and other renewables will grow by 3.6% through 2013. And on the supply side, ongoing debates about the prices of renewables and their inability to compete in the marketplace void of subsidies, hasn't stalled solar or wind developers from growing their footprint. Solar is also scaling up with the industry adding 930 megawatts of new photovoltaic capacity through the third quarter of 2013. Solar now generates over 10,250 megawatts of electricity…