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|Articles - May 2012|
|Monday, April 23, 2012|
By Jon Bell
Like industries everywhere, Oregon’s renewable energy sector, which saw impressive growth before 2008, has experienced turbulence. Chinese solar panels and wind turbines have stiffened competition, and uncertainty around the extension of the federal Production Tax Credit (PTC), a valuable incentive for renewable energy companies, has many firms wary. Vestas Wind Systems and Iberdrola Renewables announced layoffs earlier this year.
At the same time, SoloPower is forging ahead with a $340 million facility in Portland that could someday employ 400. New federal tariffs on Chinese solar panels could help level the playing field.
So, has the green bubble burst in Oregon or is it just deflating a bit before staging a comeback?
Lake Oswego economist, principal at Conerly Consulting
“Green energy wasn’t really a bubble as investments go. A sign of a bubble is that people see first-generation investors making money and pile on after them. Nobody was truly making money here, just collecting government subsidies. The availability of subsidies attracted money, but few market participants believed that renewables made sense absent the subsidies. The future of renewable energy depends entirely on subsidies in the foreseeable future, aside from a few select applications. There may come a time, many years from now, when renewables can stand on their own feet, but we are very far away from that time. With falling natural gas prices, the time when solar makes sense is even farther away.”
Portland General Electric spokesman
“The recession certainly had an impact on development of renewable energy, just as it did on the overall picture of the region. We have seen some softening in load growth and our projections for what customers are going to need, but we see that as a dip rather than a stall. We’re still working to acquire new renewables. We have a renewable standard in Oregon [which mandates that 25% of power must be renewable by 2025], so we are going to be increasing our amount of renewable power in the coming years. [As far as subsidies go], even if you took away the major incentive, which is the Production Tax Credit, we would still add renewables. In our case, the tax incentives are essentially a pass-through to our customers. From a public policy standpoint, it makes sense that tax and environmental policies align.”
Spokeswoman for Renewable Northwest Project, a Portland nonprofit that advocates for the development of renewable resources
“We don’t feel the bubble has burst. The entire country and the world are recovering from a recession. We have a very strong renewable energy economy here, and it is being affected by the global economy. Renewable has always been kind of boom and bust because there’s never been sound, stable policies in place to fully support it. But we are very proud of the progress that the state has achieved in bringing clean renewable energy onto the system and for having the vision to see renewable energy as an economic driver. Renewable companies have invested $5.4 billion in Oregon. This industry has brought a lot of jobs to the state. New renewable energy is still a small fraction of what’s on the grid. We’re making progress, but the work has only just begun.”
Wednesday, July 15, 2015
We asked readers to weigh in on the fossil fuel-green energy equation.
Wednesday, August 19, 2015
BY LINDA BAKER
In 2010 Vanessa Keitges and several investors purchased Portland-based Columbia Green Technologies, a green-roof company. The 13-person firm has a 200% annual growth rate, exports 30% of its product to Canada and received its first infusion of venture capital in 2014 from Yaletown Venture Partners. CEO Keitges, 40, a Southern Oregon native who serves on President Obama’s Export Council, talks about market innovation, scaling small business and why Oregon is falling behind in green-roof construction.
Wednesday, August 19, 2015
BY BRIAN LIBBY
Ben Kaiser holds his ground.
Friday, July 10, 2015
BY LINDA BAKER
Market of Choice is on a tear. In 2012 the 35-year-old Eugene-based grocery chain opened a central kitchen/distribution center in its hometown. The market opened a third Portland store in the Cedar Mill neighborhood this year; a Bend outpost broke ground in March. A fourth Portland location is slated for the inner southeast “LOCA” development, a mixed-use project featuring condos and retail. Revenues in 2014 were $175 million, a double-digit increase over 2013. CEO Rick Wright discusses growth, market trends and how he keeps new “foodie” grocery clerks happy.
Friday, August 14, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
17 airlines make stops at Portland International Airport, but not all are created equal when it comes to customer service.
Friday, July 10, 2015
BY JACOB PALMER
Most of the food Americans consume is trucked in from hundreds of miles away. Eric Wilson, co-founder and CEO of Gro-volution, wants to change that. So this past spring, the Air Force veteran and former greenhouse manager started work on an alternative farming system he claims is more efficient than conventional agriculture, and also shortens the distance between the consumer and the farm.
Thursday, August 20, 2015
BY DAN COOK
The state’s angel investing fund gets hammered in Salem.
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Transforming the culture of Oregon’s educational leadership.
The Board dismissed a petition related to efforts to unionize the Northwestern University football team.
Every once in a while we receive a letter in the (fictional) mailbag that is tough to describe and quite compelling. This week, Isabel, the new HR manager at LabCo (and someone who is new to HR), wants to know whether she may fire the owner’s son for having an Oregon medical marijuana card. In passing, Isabel also makes a number of alarming admissions about her motivation. Here is Isabel’s nerve-racking question and our response to it.
Oregon Sick Leave is here, and changes to the federal white-collar worker regulations are on the way. This workshop will prepare you for both. We invite you to participate in an interactive discussion on how to start planning now for the future impact on your operations and finances.
Presented by OEN + CENTRL + YESpdx.
This Roundtable will cover numerous issues under the employer "shared responsibility" rules of the Affordable Care Act, including how to track the "full-time" status of variable-hour employees, temporary or seasonal employees, and employees who experience a change in status or a break in service. Additionally, we will provide a brief overview of Code sections 6055 and 6056, which require most mid-sized and large employers to submit their first information reports to the IRS in early 2016 regarding the health insurance coverage being offered to employees. We invite you to participate in an interactive discussion on how to prepare for the future impact of the shared responsibility rules on your operations and finances.