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  • US wind PTC spared in final Republican tax bill

    The global wind industry breathed a sigh of relief as it went to bed Friday, with the final draft of the Republican tax bill preserving all the key elements of the multi-year phase-down of the wind production tax credit (PTC). The renewables sector did not escape entirely unscathed in the final bill, which appears to have enough votes to pass in both chambers in the days ahead – and would then be

    Wind  rechargenews.com 6 hours old Karl-Erik Stromsta in New York

    Texas High Plains nervously awaits US tax reform outcome

    If the Republican majority in Congress undermines the US wind industry through an overhaul of federal tax laws, the High Plains in Texas stands to lose as much economically as any region nationwide. Billions of dollars are at stake. Gigawatts of nameplate generation capacity are in various stages of construction. Communities and schools are counting on revenue from the resulting larger tax base,

    Wind  rechargenews.com 15 Dec 19:32 GMT Richard A. Kessler in Plainview

    South Korea to triple renewable power share under draft plan

    South Korea aims to triple the share of renewables in the country’s power mix by 2030 and add a total of more than 47GW of new wind and solar capacity, according to Seoul’s latest draft policy roadmap. The East Asian nation will also cut back the shares of coal and nuclear in electricity supply – although not as sharply as expected – under the Ministry of Trade, Industry and Energy's (Motie's) dr

    Transition  rechargenews.com 15 Dec 15:03 GMT Yuki Yu in Beijing

    EDF’s 154MW Rock Falls wind park starts operations in the US

    EDF Renewable Energy, EDF Energies Nouvelles’ North American unit, has begun commercial operations at its 154MW Rock Falls wind park in northern Oklahoma, with 120MW of its generation destined for the use of personal care group Kimberly-Clark in its first utility-scale PPA. Kimberly-Clark signed the long-term power take-off agreement with EDF Renewable Energies in September, together with another

    Wind  rechargenews.com 15 Dec 14:53 GMT Bernd Radowitz in Berlin

    ORE Catapult seals UK-China offshore wind R&D co-operation

    UK government-industry body the Offshore Renewable Energy (ORE) Catapult has brokered a deal with China’s Tus-Wind and TusPark Newcastle to advance offshore wind technology co-operation between the two nations, providing a potential springboard for British companies into the region’s fast-growing market. The deal will set the cornerstone for a UK-China Technology Growth Accelerator to shepherd ne

    Wind  rechargenews.com 15 Dec 13:29 GMT Darius Snieckus in London

    Vattenfall bids in Dutch zero-subsidy offshore wind auction

    Vattenfall confirmed itself as a bidder in the tender for 700MW of offshore wind power launched by the Dutch government. The Swedish energy group said it has entered the running for the Hollandse Kust South 1 & 2 zone, for which bids have to be lodged with the Netherlands today. In an industry-first, the Dutch government decided to give subsidy-free bidders first crack at the auction for the twi

    Wind  rechargenews.com 15 Dec 12:08 GMT Andrew Lee

    Vestas joins Sweden's Northvolt for lithium-ion battery R&D

    Vestas will forge a partnership with Swedish technology start-up Northvolt to develop a lithium-ion battery platform, as the turbine OEM deepens its ties with a battery storage sector it says will play an increasingly significant role in the wind industry’s future. Vestas will invest an initial €10m ($11.8m) in a joint seven-year R&D push to develop systems that can “integrate battery storage sol

    Transition  rechargenews.com 15 Dec 11:14 GMT Andrew Lee

    Canada's CPP IB and Votorantim start Brazil JV with 565MW

    Canada Pension Plan Investment Board (CPP IB) will enter the Brazilian wind sector in a joint venture with local industrial group Votorantim that will initially buy 565MW of operating capacity and plans to invest more than $900m over time. CPP IB – which manages Canada’s largest public pension fund – will contribute an initial C$272m ($213m) to the JV with Votorantim Energia, the energy unit of V

    Wind  rechargenews.com 15 Dec 10:21 GMT Andrew Lee

    Equitix buys Statkraft's 40% Sheringham Shoal share for $749m

    UK investment group Equitix has bought a 40% stake in the UK’s Sheringham Shoal from Statkraft, one of two North Sea offshore wind assets the Norwegian utility is selling as it exits the sector. Infrastructure investor Equitix will pay £558m ($749m) for Statkraft’s stake in Sheringham Shoal, a 317MW project operating since 2012. The wind farm is operated by Norwegian oil group Statoil, which als

    Wind  rechargenews.com 15 Dec 09:32 GMT Andrew Lee

    BP blasts back into solar with $200m Lightsource stake

    Oil major BP will return to the solar sector after six years by spending $200m for a 43% stake in PV developer Lightsource. The UK-based developer – which will become BP Lightsource – will leverage BP’s global heft to “focus on grid-connected plants and corporate power purchase agreements (PPAs) signed with private companies”, said a statement. Lightsource has successfully developed 1.3GW of sol

    Transition  rechargenews.com 15 Dec 08:39 GMT Andrew Lee in London