PTC India is promoted by stateowned power utilities NTCP, Power Finance Corporation, NHPC and Power Grid Corporation of India. New Delhi: PTC India, the nation’s top power trading company, is in negotiations with potential suitors to sell two subsidiaries — nonbank lender PTC Financial Services and renewable energy firm PTC Energy, two people involved in […]
Solar ITC Extension Would Be ‘Devastating’ for US Wind Market: WoodMac
The booming U.S. wind industry faces an uncertain future in the 2020s. Few factors are more important than the fate of the solar ITC. An extension of the solar investment tax credit (ITC) at its 30 percent value would be “devastating” to the future U.S. wind market, according to a new Wood Mackenzie report. The […]
Wind Developer Targets ‘Countercyclical’ Opportunity With Post-PTC Projects
Scout Clean Energy is making hay under the PTC while investing in a longer-term wind project pipeline. The U.S. wind market’s overwhelming focus is on the next few years, when the federal Production Tax Credit remains at or near its full value. Quietly, however, some developers have begun investing beyond the PTC horizon. “We see […]
Texas’ Power Price Spike and Designing Markets for a Carbon-Free Grid
The Texas power market is designed to play chicken with blackouts. Is the model sustainable in a high-renewables system? Last week as Texas’ ERCOT grid reached its price cap of $9,000 per megawatt-hour and the price map on ERCOT’s website became a solid and deep red, many energy market wonks highlighted that this is a […]
Offshore Wind Tax Credits Could Be Included in a Fall Tax Extenders Package
Lobbying efforts are underway to persuade Republicans from coastal states with a heavy oil-and-gas industry presence that offshore wind development means jobs. If the U.S. offshore wind market gets an extension of its main federal subsidy, it may owe a thank you to the oil and gas industry. Two bills recently introduced in the U.S. […]
AEP Seeks Approval for 1.5GW Wind Development in Oklahoma
Regulators shot down AEP’s 2 GW Wind Catcher. Now its utilities in Texas and Oklahoma are back with a slimmed-down proposal. American Electric Power is asking state regulators for the second time in two years to approve a multibillion-dollar investment into wind power, as it races to capitalize on fleeting federal tax credits. On Monday, […]
Another Wind PTC Extension? No Thanks, Many in Industry Say
The U.S. wind market is losing the main subsidy that’s fueled its spectacular rise to 100GW. Not everyone is sad to see it go. The wind production tax credit (PTC) is heading out the door, and many in the industry are content to wave goodbye. It might seem like a no-brainer for the U.S. wind […]
US Wind Industry’s Response to Solar’s Rise: Embrace It
In a sign of the times, the American Wind Energy Association trade group will expand its flagship annual conference to include solar and storage. Onshore wind is the largest and cheapest source of renewable power in the U.S. today, but solar is catching up quickly. No one is more aware of that urgent reality than […]
Duke Energy Renewables Sells 1.2GW Minority Interest in Wind and Solar Portfolio
The $1.25 billion deal with John Hancock will help fund Duke’s future capital growth and support its renewable energy business. Duke Energy Renewables, the competitive renewables arm of U.S. utility giant Duke Energy, has agreed to sell insurer John Hancock a minority share of its wind and solar portfolio, amounting to 1.2 gigawatts of generation […]
Duke Energy Renewables Sells 1.2GW Minority Interest in Its Wind and Solar Portfolio
The $1.25 billion deal with John Hancock will help fund Duke’s future capital growth and support its renewable energy business. Duke Energy Renewables, the competitive renewables arm of U.S. utility giant Duke Energy, has agreed to sell insurer John Hancock a minority share of its wind and solar portfolio, amounting to 1.2 gigawatts of generation […]