QUICK NEWS, June 23: GOODS BETS TO MAKE ON WIND; OKLAHOMA WIND COULD BOOM – THEN BUST; WIND FOR COAL IN COLORADO

GOODS BETS TO MAKE ON WIND The Best Play In Wind Energy Right Now

Martin Tiller, 21 June 2015 (OilPrice)

“…Everything points to serious growth in the [wind] industry over the next few years…[but figuring how to invest] is when the going gets tough…The problem is that there are seemingly two types of companies in the space, small ventures…or multinational, giant conglomerates…The German company Siemens (ADR: SIEGY) and GE (GE) were one and two in a recent global market share analysis,.. While GE doesn’t disclose separate revenue or profit numbers for wind energy, Siemens does, and the importance of the business within the company is actually quite surprising. In 2013, wind power accounted for 5.2 Billion Euros in revenue at Siemens, or around 25 percent of the total…[or] you might consider Vestas (VWSYF), the Danish company that finished third in those rankings…Siemens looks like the best investment…” click here for more

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OKLAHOMA WIND COULD BOOM – THEN BUST Oklahoma wind industry looks to finish projects before tax incentives end

Michael Overall, June 16, 2015 Tulsa World

Oklahoma wind developers foresee a hectic 18 months as they race to complete project before their state tax incentives expire December 31, 2016. They also foresee uncertainty and a potential crash following the incentives’ expiration. The recently enacted SB 498 terminated wind developers’ 5-year property tax exemption and SB 502 ended wind developers’ investment/new jobs tax credit. Wind projects currently in production or put into production by December 31, 2016, will retain the full 5-year property tax exemption. Fiscal conservatives backed the laws to limit the impact of the incentives on a budget deficit expected to be $611 million for fiscal year 2016. Legislative consent to the laws was produced through a compromise brokered by stakeholders. The zero emissions production tax credit is expected to allow Oklahoma wind to remain cost-competitive but it is expected to be a target for budget hawks. click here for more

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WIND FOR COAL IN COLORADO Amid coal fight, power company seals wind deal

Dennis Webb, June 11, 2015 The Daily Sentinel

Tri-State Generation and Transmission Association, a Colorado generation and transmission cooperative that supplies 44 electric cooperatives and public power districts in Colorado, Nebraska, New Mexico and Wyoming, contracted for the 76 MW output of Iberdrola Renewables’ Twin Buttes II Wind Project. The wind will provide backup if the utility cannot get the Colowyo mine’s half of its Craig coal facility’s supply. A federal judge ruled in May the Colorado Office of Surface Mining Reclamation and Enforcement’s 2007 approval for the mine’s expansion was flawed. Mining will be shut down within 60 days if Tri-State’s appeal fails and errors are not corrected. Tri-State’s delivered electricity in 2014 was 24% renewables-sourced. Baseload coal provides 59% of the utility’s mix while 2% of its electricity comes from natural gas and the balance is merchant-supplied. The Twin Buttes wind project is expected to annually provide $270,000 in local tax benefits and $250,000 in landowner lease payments. click here for more

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