|| 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.
Monday, August 18, 2014
Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.
Thursday, September 25, 2014
National media can’t get enough of Oregon’s pinot noir, artisan-food purveyors and lively, independent film scene.
Tuesday, August 26, 2014
BY VIVIAN MCINERNY
Craft beer comes to Mount Angel.
Wednesday, August 27, 2014
BY JESSICA RIDGWAY
How State Representative Julie Parrish (House District 37) balances life between work and play.
Friday, August 22, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
When business intersects with family, a host of situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.
Thursday, September 25, 2014
BY KIM MOORE
University and college tuition fees have been rising for more than a decade, while state funds for higher education have steadily declined.
Wednesday, August 27, 2014
BY JENNIFER MARGULIS
As schools implement more rigorous academic standards, holistic and flexible approaches to K-12 education flourish.
|A Good Leap Forward|
|A Taste of Heaven|
|Fast Food Slows Down|
|Tight and Loose|
|Startup or Grow Up?|
|U.S. private payrolls increase|
|U.S. construction spending declines in August|
|Johnson & Johnson to acquire Alios BioPharma|
|JAB Holding to buy Einstein Noah|
|DreamWorks Animation may have a Japanese suitor|
|Yahoo, AOL propose merger|
|Cadillac brand to rename its vehicles|
Is your business ready to join us in the call for action? This opening panel includes Oregon businesses who will discuss why they signed the Oregon Climate Declaration, the investments they are making to reduce carbon emissions, and how their actions are affecting their companies.
Get ready for two days of special events produced with the EPA, Portland Timbers and ISOS before and after the GoGreen Conference on October 16.
Bank of America partners with nonprofits to create opportunities for women and drive economic growth.
How one Portland startup tracks devices around the world, making the Internet a safer place for businesses and consumers.
First Call Resolution targets employee well-being and client satisfaction.
The Oregon Entrepreneurs Network (OEN) is pleased to announce 12 finalists—from a record number of 67 nominees—for the 2014 OEN Tom Holce Entrepreneurship Awards
The Oregon Entrepreneurs Network (OEN) is pleased to announce three finalists for the inaugural OEN Game Changer Award.