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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, May 27, 2015
PHOTOS BY JASON E. KAPLAN
Oregon Business celebrated the 100 Best Green Workplaces with an awards luncheon at the Nines Hotel in downtown Portland.
Wednesday, April 29, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
Portland is awash in rideshare options. We ask the head of Flywheel what sets his app apart.
Wednesday, April 01, 2015
BY LINDA BAKER
Leaders in Oregon's ag sector gathered this morning in Portland’s Coopers Hall winery/taproom to discuss the role of the region as an export gateway, impediments to exporting products and solutions to containerized shipping challenges.
Wednesday, May 20, 2015
BY KIM MOORE | RESEARCH EDITOR
An earthquake would completely destroy many Oregon businesses, highlighting the urgent need for the private and public sectors to collaborate on shoring up disaster preparedness, said panelists at an Oregon Business breakfast summit today.
Monday, April 27, 2015
BY LINDA BAKER
A longtime technologist and entrepreneur, Dwayne Johnson, 53, is managing partner of PDXO/GlobeThree Ventures, a strategy and business consultancy in Portland.
Friday, May 22, 2015
BY EMILY LIEDEL
Inside the topsy-turvy world of corporate sustainability rankings.
Tuesday, May 26, 2015
BY LINDA BAKER
Spring rains are the bane of an Oregon cherry farmer’s existence. Even a few sprinkles can crack the fruit so badly it’s not worth picking. Science to the rescue: Researchers at Oregon State University have developed a spray-on film that cuts rain-related cracking in half, potentially saving a season’s crop. The coating, patented as SureSeal, is made from natural chemicals similar to those found in the skins of cherries: cellulose, palm oil-based wax and calcium.
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Tonkon Torp helps seed sustainability at Gunderson.
Oregon-based Environments helps companies create inspired workspaces. “Simply put, we help companies future-proof their workspaces,” says Chris Corrado, president. Since 1988,Environments has witnessed firsthand the changing landscape of business. Native Portlander and Environments founder Corrado says, “We help our clients navigate the complex realities of the workplace today and plan for their future in a very mindful, strategic way. We think of ourselves as their partners in the process.”
One hundred years ago, the Willamette River might easily have been mistaken for a sewer. Unchecked industrial activity and decades of pollution made it unrecognizable compared to the clean river that now flows north for 187 miles from Eugene through the center of Portland.
The Oregon Entrepreneurs Network (OEN) will be presenting its third annual Entrepreneurial Summit on Friday, June 5 at Castaway in Portland, Oregon.
On June 13th Mayor Charlie Hales will attend nonprofit organization Dream Change’s inaugural Love Summit and will introduce one of its keynote speakers, Dan Wieden of Wieden+Kennedy advertising agency.
34 spots for food, 17 places to sip, and 7 sites to choose a brew beckon visitors.