Remove Coal Remove Renewable Remove Tax Credit Remove Wind
article thumbnail

Solar, wind to lead US power generation growth for the next 2 years

Baua Electric

The US Energy Information Administration (EIA) forecasts that solar and wind will lead US power generation growth for the next two years in its latest Short-Term Energy Outlook. The EIA also expects wind power generation to grow 11% from 430 billion kWh in 2023 to 476 billion kWh in 2025. Get started here. –ad*

Wind 52
article thumbnail

This utility in the US Midwest is going to add 3.6 GW of wind and solar

Baua Electric

Photo: Xcel Energy Xcel Energy just announced its big solar and wind plans in the US Midwest – here’s the lowdown. gigawatts (GW) of new wind and solar into the mix in the Midwest. It didn’t say when or where the renewables would come online. However, the utility says it’s still on track to close all its coal plants by 2030.

Wind 52
article thumbnail

Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

Green Car Congress

US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. More than half the subsidies for renewables—$16.8

Renewable 338
article thumbnail

Senate version of “Fiscal Cliff” legislation includes 12 energy tax extenders; boost for algae

Green Car Congress

The amended bill, now called the “American Taxpayer Relief Act of 2012” and next to be considered by the House, contains 12 extensions outlined in Title IV of the bill, ranging from extension of production credits for Indian coal facilities to benefits for alternative fuels (including algal biofuels) and plug-in vehicles.

Tax 274
article thumbnail

President’s Jobs Council recommends an “All-in” energy strategy; from fossil fuels and pipelines, to efficiency, renewables and vehicle electrification

Green Car Congress

In its 2011 year-end report, Road Map to Renewal , the President’s Council on Jobs and Competitiveness (Jobs Council) made a number of recommendations to create jobs in the short run and improve US competitiveness over the long term. —“Road Map to Renewal”. The federal government should also streamline the permitting process.

Renewable 236
article thumbnail

Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses

Green Car Congress

However, where applicable, an equivalent carbon price will be applied through changes in fuel tax credits or excise. Some of the collected tax money will fund investments in clean technologies such as solar, wind and geothermal—an estimated A$100-billion worth of investment in renewable over the next 40 years, Gillard said.

article thumbnail

EPRI assesses status of 8 key power generation technologies for US; estimates of capital cost and levelized cost of electricity

Green Car Congress

For the report, central-station generation refers to >100 MW, with the exception of some renewable-resource-based technologies. impacts on existing generating plants from pending or anticipated environmental rules on emissions, use of water resources, and coal ash handling and disposal.

EPRI 239