Congress has reached a bipartisan deal that contains important emergency relief measures for the renewable energy industry, including a one-year extension of the production tax credit (PTC), and a new 30% investment tax credit for offshore wind projects that start construction through 2025. The full legislative package combines a $900 billion COVID-19 relief package and an … [Read more...] about New Bipartisan Bill Grants Wind Industry Much Needed Relief
RWE Wraps Up Cranell Wind Farm’s Tax Equity Financing
RWE Renewables, a global renewable energy company, has completed the successful tax equity financing of its 220 MW Cranell Onshore Wind Farm in Refugio County, Texas. The company secured tax equity financing with JPM Capital Corp. upon the Cranell project achieving commercial operation in the third quarter. “We are proud of our record of working hand-in-hand with … [Read more...] about RWE Wraps Up Cranell Wind Farm’s Tax Equity Financing
Wind Turbine Owners Launch Global Data-Sharing Program
Some of the largest wind turbine owners in the world have launched a new data-sharing program. For the first time in the wind industry, turbine owners around the world will securely and openly exchange operational performance data, enabling them to reduce their data dependency to OEMs, improve analytics and develop a transparent global performance benchmark. The key … [Read more...] about Wind Turbine Owners Launch Global Data-Sharing Program
BayWa r.e. Completes Construction, Financial Close on Amadeus Wind Project
BayWa r.e., a global developer, service supplier, distributor and energy solutions provider, has completed construction and achieved financial close of the Amadeus Wind project in Texas. Amadeus is the largest onshore wind project completed to date in BayWa r.e.’s global portfolio. Located northwest of Abilene in Rotan, the 250 MW wind farm has begun selling power into … [Read more...] about BayWa r.e. Completes Construction, Financial Close on Amadeus Wind Project
Dominion Energy Files CVOW’s Construction, Operations Plan
Dominion Energy has filed with the Bureau of Ocean Energy Management (BOEM) the required construction and operations plan (COP) to build the 2,640 MW Coastal Virginia Offshore Wind (CVOW) commercial project, the largest planned offshore wind farm in the U.S. “This is an important step in the process toward bringing commercial-scale offshore wind to the state and shows … [Read more...] about Dominion Energy Files CVOW’s Construction, Operations Plan