Since 1995, the wind energy industry has suffered more than $5.2 billion in commercial losses associated with intellectual property (IP) risks, which went unmitigated and could have been avoided. This is according to analysis from IntelStor LLC, a cloud-based market intelligence ecosystem for renewable energy. IntelStor has found that these losses are partly in the…
“Opportunity Zone” funds may serve as capital for renewables
As the renewable energy industry prepares for a low-subsidy future, the Opportunity Zones program, which provides tax benefits for those investing in low-income areas across the United States, may help provide renewable energy developers with an attractive and competitive source of capital. This is according to a new report from the Global Clean Energy Practice…
A closer look at proxy generation and aggregated PPAs for wind
Ahead of A Word About Wind’s Financing Wind: North America conference in Colorado next week, major wind developers have highlighted that sellers must continue to take on key operational and basis risks to offer a more attractive product for commercial and industrial (C&I) buyers. New structures, such as proxy generation and aggregated power-purchase agreements (PPAs),…
Can wind power improve business resiliency?
By Erin Decker, Director, Cleantech Client Management Schneider Electric Energy & Sustainability Services Resilience is paramount to business success. And sustainability and energy initiatives are increasingly taking center stage, as companies work to become more resilient. However, because the energy landscape shifts daily, organizations must continuously adapt to mitigate climate threats. New, innovative technologies…
A bipartisan push for wind energy funding
Oregon’s Senator Jeff Merkley and Senator Chuck Grassley (R-IA) are leading a bipartisan push for reliable wind energy funding in the 2020 funding bills, touting the benefits of the wind industry in American innovation and job growth. “This funding is necessary in order to continue supporting rural communities, advance domestic energy independence, and ensure America…
Ameren and Opus One to test blockchain & “transactive energy markets” for microgrids
As part of its commitment to innovation and building a smarter, clean energy infrastructure, Ameren Corporation and Opus One Solutions announced that they will be working to test a transactive energy marketplace (TEM), evaluating the use of Blockchain ledger systems. The marketplace will build on one of the most technologically advanced utility-scale microgrids in North…
Interested in leasing a wind turbine? The founder of United Wind explains how it works
In this WindTalk podcast, we’re discussing distributed wind energy with Russell Tencer, the Founder and CEO of United Wind. United Wind is currently the only company and the first ever to offer little to no money down leasing options to small wind customers in the United States. During our conversation, Russell provides insight on distributed…
Three challenges that may affect green bond issuance
More than a decade ago, the World Bank’s offered the first green bond and a blueprint for what is currently a $500+ billion market (watch a video on the history here). In fact, green bonds set a new annual high in 2018, according to global law firm Linklaters, with more than $140 billion issued globally.…
New study offers insights on wind development costs & taxes
A new analysis of state taxation policies regarding wind energy in the West shows New Mexico is the lowest-cost state for wind farm development, followed by Montana, Colorado, and Wyoming. The study, released by the University of Wyoming’s Center for Energy Economics and Public Policy, takes into account wind resource estimates, construction and labor costs,…
Ares Management first to use of a Proxy Revenue Swap for wind repowering project
Nephila Climate (NCx), the weather and ESG-driven specialty division of Nephila Holdings Ltd. announced the first use of a Proxy Revenue Swap (PRS) for the re-powering of a wind project. Ares Management Corporation, a global alternative asset manager, is the first to use the PRS structure for a repowered project. A PRS is a hedging contract that…
Microgrid investment in blockchain future of energy systems, says GlobalData
Blockchain microgrids have become a pivotal theme in the rapidly developing energy sector. Amit Sharma, Power Analyst at GlobalData, a global data and analytics company, offers his view on this development and what we can expect from blockchain microgrids in the future: “The global microgrid market size is estimated to grow at a compound annual…
Michigan’s DTE Electric issues new green bonds
DTE Electric recently issued its second offering of green bonds. The $650 million in bonds will finance green investments, including renewable energy and energy efficiency. In its initial green bond offering in May 2018, DTE became the fifth investment-grade energy company in the nation – and the first company in Michigan – to sell green bonds. “As we move forward…
Nearly half of institutional investors to increase interest in renewables & energy storage
By 2021, almost half (49%) of institutional investors expect to increase their exposure to assets supporting and participating in the energy transition, according a new study by Aquila Capital. This transition involves the progressive replacement of fossil fuels by renewable sources of energy production. The new research reveals the fast-growing popularity of the energy transition…
AEP to acquire 724-MW of Sempra’s wind & battery assets
American Electric Power (AEP) announced that its competitive renewable energy subsidiary has signed an agreement to acquire Sempra Renewables and its 724 MW of operating wind generation and battery assets for close to $1.056 billion (including $551 million in cash, assumption of $343 million in existing project debt and $162 million in tax equity obligation). The final acquisition cost will be subject to…
EDP Renewables and Tri-State ink 104-MW wind PPA in Colorado
Tri-State Generation and Transmission Association and EDP Renewables (EDPR) announce a 15-year power purchase agreement (PPA) that will enable the continued development and eventual construction of the 104-MW Crossing Trails Wind Farm. The project, which is expected to be operational in 2020, marks Tri-State’s fifth investment in a utility-scale wind energy project and expands EDP…
Clif Bar invests in farmers with new funding program for on-farm wind turbines
Clif Bar & Company has launched the Clif Ag Fund, a new investment fund to help increase the economic resilience of organic farmers in its supply chain. The fund’s initial investment will help finance a $10 million program that could provide up to 80 organic farms with long-term energy cost savings from hosting on-farm wind…
Insuring offshore wind farms: What developers need to know
A Q&A with senior underwriter, Jonny Allen Offshore wind is quickly gaining momentum in the United States. The last year brought a wealth of new news stories related to offshore auctions and state commitments to developing wind farms, particularly in the Atlantic. Although the focus has been on siting and environmental permitting, one critical aspect…
What blockchain technology means to the energy sector
Written by Cassie Bowe, Associate Vice President Energy Impact Partners Applications of blockchain technology have grown tremendously since a revolutionary Bitcoin white paper (which described the world’s first peer-to-peer and decentralized monetary system) was published in 2009, fueled by billions of dollars in private funding and a healthy dose of hype. April 2016 saw…
Could PTC rush jeopardize U.S. wind repowering opportunities?
As the U.S. wind energy market races to complete projects before the Production Tax Credit (PTC) cliff, opportunities for repowering of existing assets must be accompanied by thorough and comprehensive due diligence to avoid damaging pitfalls. This is according to Chris LeWand, Co-Leader of the Global Clean Energy Practice at FTI Consulting, who will speak…
E.ON completes tax equity financing for Stella Wind Farm in Texas
E.ON announced the successful completion and tax equity financing of its 201-MW Stella wind farm in Kenedy County, Texas. Allianz Capital Partners of America on behalf of Allianz insurance companies provided tax equity financing in exchange for a partial interest in the Stella project. The project achieved commercial operation and closing of tax equity in…