in News Departments > New & Noteworthy
print the content item

Nearly 100 industry leaders, policy-makers, developers, consultants and landowners recently gathered in Bismarck, N.D., to discuss how new federal and state policies are expected to influence wind development in the state.

North Dakota Department of Commerce Commissioner Shane Goettle told attendees that the state's superior wind resource and supportive policies make it an ideal place to develop wind.

Wind developers shared how they match their economic models with the risk/reward profile of the particular communities in which they work.

Tim Seck from wind project developer Iberdrola Renewables explained how the company has partnered with local communities with lower risk thresholds to offer a revenue participation model, in which Iberdrola owns 100% of the project but pays landowners a stream of revenue from the production of wind energy.

Developers and other industry professionals also focused on how they saw the energy provisions in the American Recovery and Reinvestment Tax Act of 2009 affecting their business models. The general consensus was that each developer would run multiple economic assumptions through a project pro forma to analyze whether the federal production tax credit, investment tax credit, or cash grant in lieu of the investment tax credit would be most beneficial for a particular project.

Speakers also touched on the challenges of developing wind projects in North Dakota. Transmission constraints and environmental challenges were identified as having the potential to limit future development in the state.

Despite concern over the identified economic, transmission and environmental challenges facing wind developers, conference participants remained optimistic that the wind resource in North Dakota would continue to drive development and that the state would serve as a key resource in meeting the increasing demand for renewable energy.

SOURCE: Fredrikson & Byron


Trachte Inc._id1770
Latest Top Stories

Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.

Hybrid Energy Innovations 2015
Canwea_id1984
Renewable NRG_id1934