Invenergy
The state of clean energy development in Wisconsin continues to get more precarious with each passing month. A new bill proposed in the state assembly aims to eliminate the four-year cap on renewable energy credits that utilities purchase and trade in order to meet state clean energy standards. If passed, the measure would mean RECs would never expire.
Renewable energy developer Invenergy, LLC continues to grow its wind energy generation capacity.
The American Wind Energy Association (AWEA) released its 2010 U.S. Wind Industry Annual Market Report which discovered growth in the country's wind sector.
General Electric Co. (NYSE: GE) said today it will spend $600 million to build the largest thin-film photovoltaic (PV) solar panel factory in the U.S. and that 60 megawatts (MW) of the facility’s 400 MW total annual capacity has been contracted to NextEra Energy Inc. (NYSE: NEE). The company did not disclose the proposed location of the plant.
Invenergy boasts a combined wind generating capacity of over 2,200 megawatts, making it the largest independent producer of wind energy in the United States. In an abrupt move the company has halted efforts to build a 150-megawatt wind farm in southern Brown County, Wisconsin.
The economic recession has hit renewable energy industries in the United States hard, and the effects have been accentuated by the country's lack of national renewable energy policy.
Several CEO's of companies that are members of the RES Alliance for Jobs are scheduled to meet with top Senate leaders today to discuss strengthening the Renewable Electricity Standard (RES) in new energy and climate legislation that will be in play in the Senate this fall.&nb
