|| Print ||
|Sunday, October 01, 2006|
Renewable or clean energy development has been growing rapidly in parts of Central and Eastern Oregon, as large wind turbine farms sprout up. Rural communities see the economic benefits of some job growth and property tax revenue. But for the most part, these projects — and the proceeds of the power sales — are owned by out-of-state investors and energy developers.
Paul Woodin at Western Wind Power, based in Goldendale, Wash., is pushing partnerships between communities in Oregon and equity investors that would allow the two parties to share the proceeds of small ($5 million to $25 million) clean-energy projects, from mini wind farms powering a few thousand homes to miniature hydroelectric turbines in irrigation canals. Investors — individuals or energy-oriented backers such as John Deere Wind Energy — would provide some of project capital and in return use the tax incentives of equipment depreciation and state energy tax credits of up to $3.5 million. Local project partners — communities, electricity cooperatives, farmer cooperatives — would kick in some financing, potentially using state-backed energy project loans, and take over ownership of the project from investors when the tax credits run out after 10 years. The income comes from selling the power to local utilities or statewide biggies such as Pacific Power or Portland General Electric.
Similar combinations of financings and ownership have been used to fund small wind developments in the Midwest, particularly in Minnesota. Woodin and several other renewable energy developers are feeding on some unique tax incentives and loans in Oregon and the growing interest in renewable energy in the state. “Washington doesn’t have these tools in place,” Woodin says, so he’s concentrated here.
Woodin, a former aluminum plant manager and a project manager at the large Klondike Wind Farm in Sherman County, says he has more interested investors than small projects in the Oregon right now. The key is if they can build the projects to deliver energy at what the Oregon Public Utilities Commission says is a cost comparable to new natural gas-fired power plant. Currently, the cost is set in the 4-6 cents per kilowatt-hour range, which small renewable projects can’t deliver. Woodin and others have appealed to the PUC pushing for a rate closer to 8 cents per kilowatt-hour, which is the projected cost in California and which he says reflects what new power plants actually cost. That would make projects he’s working on — a wind farm in Sherman County and a wood-waste boiler and small hydro turbines in Hood River County — more competitive and open them up to power purchases from utilities. If they can’t get help from the PUC, Woodin and others say they’ll lobby for more Energy Trust of Oregon funding for small clean-energy projects as part of energy bills expected to go to the Oregon Legislature next year. Suffice it to say, localized clean energy’s future hinges on public policy.
Tuesday, March 31, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
inDinero, a business that manages back-office accounting for startups and smaller companies, recently announced it would relocate its headquarters from San Francisco to Portland. We talked to CEO Jessica Mah about what drew her to Portland and how she plans to disrupt the traditional CPA model.
Thursday, April 23, 2015
BY JASON NORRIS | GUEST BLOGGER
There are winners and losers with a strengthening U.S. dollar.
Thursday, March 26, 2015
BY KIM MOORE
A conversation with Craig Wanichek, president and CEO of Summit Bank.
Friday, March 20, 2015
BY OB STAFF
Join us to celebrate and network with Oregon’s best green workplaces!
Friday, March 27, 2015
BY AMY MILSHTEIN
As baby boomers sell their businesses, too many forget the all-important succession plan.
Monday, April 27, 2015
BY JACOB PALMER
As a general rule, the more people with autism can be provided with visual cues, the better they will be able to understand and manage their environment. It’s a lesson Tom Keating learned well. The 61-year-old Eugene grant writer spent 31 years taking care of his autistic brother James, and in the late 1980s developed a spreadsheet that created a series of nonsense characters that grew or shrank depending on how much money James had in his account.
Thursday, April 02, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
Are mornings the most productive part of the day? We ask five successful executives how they get off to a good start.
|The Good Hacker|
|It's a Man's Man's Man's World|
|Downtime with the director of Barley's Angels|
|Fighting Fire With Fire|
|Shades of Gray|
|Labor groups hope franchisees will join fight against fast-food companies|
|Special fee to ship oil proposed|
|Jeff Bezos launches spaceship|
|General Motors pledges $5.4B in US plants|
|Under Armour innovation chief alive after Everest avalanche|
|Budweiser 'removing No from your vocabulary' label falls flat|
|Chipotle eschews GMO ingredients|
New conference aims to solve challenges, quell fears amid regulatory changes.
Tourism marketing supports entrepreneurship by attracting visitors to all corners of the state.
Beaverton firm's business intelligence platform rivals that of industry heavyweights.
Earlier this month CEO of Gravity Payments, Dan Price, disrupted the payment inequality discussion worldwide by compassionately raising the minimum salary for each one of his 120 employees to $70k and cutting his $1M salary down to $70k.
Thinking about an MBA? Join us for our upcoming Wine & Cheese Information Session to learn more about Concordia University's MBA program.
Providing attendees with unique taste of the Northwest Reception.