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

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...

LG Chem: Storage Battery Leader

Debra Fiakas The post “Energy Storage Restart,” which was published last week, discussed the efforts by General Electric (GE: NYSE...

Solar Making Big Gains in the Land of the Rising Sun

Vince Font The Land of the Rising Sun is living up to its nickname. According to a new report from the SolarSuperState Associati...

PRESS RELEASES

OFS Announces Commercial Availability of InvisiLight® MDU Optical Solution for Multiple Dwelling Units

OFS, a leading-edge designer, manufacturer and supplier of innovative fiber optic netwo...

Intersolar AWARD „Solar Projects in India“ – Applications being accepted until September 18

The Intersolar AWARD in the category Solar Projects in India honors projects in the fie...

New local energy partnership brings innovative solar tracker to Washington State

A new partnership will bring the innovative AllEarth Solar Tracker solar electric syste...

30 days to GRC Annual Meeting & GEA Geothermal Energy Expo

The Geothermal Resources Council (GRC) has announced that it is only 30 days to go to t...

FEATURED BLOGS

Cronimet / THEnergy study: In solar for mines size does not always matter - Reducing CAPEX with energy efficiency and load shifting

Munich, September 2015. Mining companies are constantly gaining interest in solar solutions because frequently solar ...

Final Program Now Available for GRC Annual Meeting & GEA Geothermal Energy Expo

GRC Annual Meeting & GEA Geothermal Energy Expo - Final Program from

Vacancy? No Problem!

Have you ever tried to sell an efficiency product or service to a prospect that owns or manages a building with high ...

Shedding Some Light on a Taxing Situation for Community-Shared Solar

For renters and for property owners with inadequate roof space, the many benefits of solar electricity may seem out o...

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

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...

Wind Operator Congress Europe

The UK’s only business-focused O&M event for the European wind...

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...

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

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

Fact Check: AWEA represents American wind power

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

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS