The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

Franken-Tester Bill Would Support Community Wind Development

Late last week U.S. Senators Al Franken (D-Minn.) and Jon Tester (D-Mont.) introduced legislation that would promote community wind projects across the country via a successful tax credit already on the books for small wind.

The "Community Wind Act" would expand the existing small wind Investment Tax Credit to projects with capacity up to 20 MW. Currently, a 30 percent investment tax credit is available for wind turbines with nameplate capacities of up to 100 kW. Under the new legislation introduced, there is no restriction on the size of any individual turbine.

Community wind projects, which involve a financial interest on the part of members of the local community, are viewed as an additional way for wind power’s many benefits to be tapped by localities. Such projects are typically smaller than many more traditional wind projects. Not surprisingly, one challenge of community wind development is access to capital, and the ITC is intended to help address that.

"Locally owned wind projects are an important part of our nation's energy future and they're a great investment for rural communities in Minnesota because their profits go right back to farmers and members of rural communities," said Franken. "Unfortunately, these projects often have difficulty getting financing. This legislation would make it easier for community wind projects to get up and running and help communities all over Minnesota and all over the country invest in the future."

“Montana possesses immense potential for wind energy development,” said Tester. “Initiatives like this put rural communities on a level playing field when developing their own energy sources to create jobs and grow local economies. This bill is an important step forward for gaining energy independence, and I hope the Senate passes this common-sense bill as soon as possible."

Carl Levesque is the Communications Editor at AWEA. This article first appeared in the AWEA Windletter and was reprinted with permission from the American Wind Energy Association.

Untitled Document

RELATED ARTICLES

Solar Beats Gas in Colorado

Christopher Martin, Bloomberg SunEdison Inc., the biggest clean-energy developer, began construction on a Colorado solar farm that will be the larg...

US Offshore Wind Gets a Much Needed Boost

Vince Font Construction of the first U.S. offshore wind farm is underway off the coast of Rhode Island, and earlier this month s...

Why Renewable Energy in Latin America is a Winner

Carlos Candiales Renewable energy in Latin America has made some important gains over the last decade and seems positioned to continue...

US Wind Energy Selling At Record Low Price of 2.5 Cents per kWh

Andrew Burger Wind power prices have dropped down to an all-time low of just 2.5 cents per kWh, far below the average national aver...

PRESS RELEASES

Canadian Solar Announces Partnership in 200 MW Tranquility Solar Power Project

Recurrent Energy signed an agreement with Southern Power to partner on the Tranquility ...

AWS Truepower Announces Major Expansion of its Due Diligence Team in Response to Growing Market Demand

AWS Truepower, an international leader in wind and solar energy consulting and engineer...

20 days to GRC Annual Meeting & GEA Geothermal Energy Expo

The Geothermal Resources Council (GRC) has announced that it is only 20 days to go to t...

Array Technologies’ DuraTrack HZ v3 Continues to (R)evolutionize at SPI

Array Technologies, Inc. (ATI) prepares to showcase its recently launched tracking syst...

FEATURED BLOGS

Solar Energy Means Jobs, Savings, and a Low-Cost Future [infographic]

There are a lot of utility-sponsored legislative and regulatory attacks on solar energy lately, and we put together t...

How To Get People To Do Stuff

It’s no secret that psychology and sales go hand in hand. If you understand the principles of human psychology ...

Get In The Groove

When we talk about strategies for boosting productivity, we often overlook the fact certain projects lend themselves ...

Transitioning to Net-Zero Living

Judith and Jeffrey adore living in Belfast, Maine – a quaint harbor town of Belfast, Maine. They previously res...

FINANCIAL NEWS

Carl is Editor & Publications Manager at the American Wind Energy Association, where has worked since 2006. At AWEA he oversees AWEA's online and print publications including the Wind Energy Weekly, Windpower Update, and other products. He has wor...

CURRENT MAGAZINE ISSUE

Volume 18, Issue 4
1507REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @jennrunyon

FEATURED PARTNERS



EVENTS

Global Wind Energy Council Presents: Doing Business in Europe

There is now 128.8 GW of installed wind energy capacity in the EU (appro...

Doing Business in South Africa – in partnership with GWEC, the Glob...

Wind Energy in South Africa has been expanding dramatically, growing fro...

International Energy and Sustainability Conference 2015

The fourth International Energy and Sustainability Conference will be he...

COMPANY BLOGS

Clean Energy Patents Maintain High Levels in First Quarter, Solar L...

U.S. patents for Clean Energy technologies from the first quarter of 201...

Fact Check: AWEA represents American wind power

The American Wind Energy Association (AWEA) is proud of its members for ...

Koch Professor drops his Koch title, still makes same errors plus s...

The Koch Professor’s title isn’t the only thing that’s...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS