ARCHIVE August, 2011

US Governors ask President to Boost Wind Energy

August 30, 2011

wind turbine

A coalition of 24 US governors from the major parties and each region of the country has asked the administration to take steps to provide a more favourable business climate for the expansion of wind energy according to the American Wind Energy Association.

Demands are being made for a seven-year extension of the Production Tax Credit (PTC) and the Investment Tax Credit (ITC) to provide consistent, low tax rates for wind energy.

Read: US Governors ask President to Boost Wind Energy

Donald Trump Opposes Scottish Wind Farm Proposal

August 12, 2011

offshore wind turbine

In an ironic twist Donald Trump is fighting a wind farm proposal in view of his controversial luxury golf course.

Trump is concerned about the effects of the 11 offshore wind turbines on his nearly completed Aberdeen coast golf course, ‘residential village’ and hotel development.

According to Bloomberg Trump wrote in an email “I am very disappointed that Scotland may allow the development of a wind power plant directly off Aberdeen’s beautiful coastline“.

Read: Donald Trump Opposes Scottish Wind Farm Proposal

Germany’s Largest Offshore Wind Project Secures Finance

August 8, 2011

wind turbine

Germany’s largest offshore wind farm ‘Meerwind’ reached financial close at the end of last week according to its owners WindMW Gmbh.

Meerwind wind farm will see a total investment of 1.2 billion Euros when it is built in 2013. It has been a long journey for the project which was proposed back in 2000 and approved in 2007.

The project financing was managed by Blackstone who set up the portfolio company WindMW to fund the wind farm. The wind farm has attracted green investment from Santander and Siemens Bank, Lloyds Banking Group…

Read: Germany’s Largest Offshore Wind Project Secures Finance