+- +-

+-User

Welcome, Guest.
Please login or register.
 
 
 
Forgot your password?

+-Stats ezBlock

Members
Total Members: 39
Latest: robbrogers
New This Month: 0
New This Week: 0
New Today: 0
Stats
Total Posts: 7997
Total Topics: 220
Most Online Today: 3
Most Online Ever: 48
(June 03, 2014, 03:09:30 am)
Users Online
Members: 1
Guests: 0
Total: 1

Author Topic: Wind Power  (Read 9310 times)

0 Members and 0 Guests are viewing this topic.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 7827
  • Location: Colchester, Vermont
    • View Profile
    • Agelbert Truth AND Consequences
Re: Wind Power
« Reply #195 on: August 08, 2017, 07:38:59 pm »


Utilities Shifting Away from Wind, Solar PPAs

August 8, 2017

By Chris Martin, Jim Polson and Mark Chediak, Bloomberg

utilities
         
There’s a new model emerging for growth-starved utilities looking to profit from America’s solar and wind power boom.

American Electric Power Co. is using it for a $4.5 billion deal that’ll land the U.S. utility owner a massive wind farm in Oklahoma and a high-voltage transmission line to deliver the power. NextEra Energy Inc.’s Florida unit is using it to build solar farms. And in April, the chief executive officer of Xcel Energy Inc. said he’d use it to help add 3.4 GW of new wind energy over the next five years.

Here’s how it works: Some utilities that for years contracted to buy electricity from wind and solar farm owners are now shifting away from these so-called power purchase agreements, or PPAs. They’re instead seeking approval from state regulators to buy the assets outright and recover the costs from customers through rates. While the takeovers are being branded as a cheaper way of securing power, saving ratepayers millions in the end, they also guarantee profits for utilities.

“We keep wondering why utilities are always signing PPAs that pass the cost through to customers,” said Amy Grace, an analyst at Bloomberg New Energy Finance. “If you put it in your rate base, you can get a guaranteed return on it. There’s a big upside to ownership.”
With the cost of building solar and wind farms sliding and electricity demand weakening, owning renewables is a more attractive proposition than ever for utilities.

The price of wind has come down enough that it’s going to be competitive with anything else  ;D you’re probably going to propose to build out there,”
Kit Konolige, a New York-based utility analyst for Bloomberg Intelligence, said by phone Wednesday.


Biggest Hurdle

The catch, of course, is regulatory buy-in. AEP will need approval from Arkansas, Louisiana, Oklahoma, Texas and federal regulators to purchase the 2,000-MW Wind Catcher farm from developer Invenergy LLC, build a 350-mile (563-kilometer) transmission line and bake the costs into customer rates. The planned to file these plans with regulators on July 31.

American Electric wants regulatory approvals by April, Chief Executive Officer Nicholas Akins said on the company’s second-quarter earnings call Thursday. Central to the project are $2.7 billion of U.S. tax credits for wind production. No rate increase will be needed, he said.

Full article:


http://www.renewableenergyworld.com/articles/2017/08/utilities-shifting-away-from-wind-solar-ppas.html
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

 

Related Topics

  Subject / Started by Replies Last post
0 Replies
85 Views
Last post October 28, 2013, 01:15:53 am
by AGelbert
0 Replies
136 Views
Last post November 04, 2013, 02:42:33 pm
by AGelbert
0 Replies
472 Views
Last post June 03, 2014, 02:10:30 am
by AGelbert
1 Replies
100 Views
Last post July 09, 2014, 12:50:00 am
by AGelbert
0 Replies
122 Views
Last post September 18, 2014, 01:53:13 am
by AGelbert

+-Recent Topics

Mechanisms of Prejudice: Hidden and Not Hidden by AGelbert
Today at 03:10:33 pm

Future Earth by AGelbert
Today at 02:14:32 pm

Pollution by AGelbert
Today at 01:50:25 pm

Corruption in Government by AGelbert
October 20, 2017, 08:00:13 pm

Homebody Handy Hints by AGelbert
October 20, 2017, 06:57:09 pm

Global Warming is WITH US by AGelbert
October 20, 2017, 05:49:36 pm

Photvoltaics (PV) by AGelbert
October 20, 2017, 04:23:32 pm

Wind Power by AGelbert
October 19, 2017, 02:46:03 pm

Fossil Fuel Profits Getting Eaten Alive by Renewable Energy! by AGelbert
October 19, 2017, 02:17:49 pm

Money by AGelbert
October 18, 2017, 06:58:05 pm

Free Web Hit Counter By CSS HTML Tutorial