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|Archives - October 2006|
|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, April 27, 2015
BY LINDA BAKER
Oregon already ranks as the nation’s second largest generator of hydroelectric power. (Washington is No. 1). Now an elegant new installation in Portland is putting an unconventional, sharing economy twist on this age-old water-energy pairing. The new system, launched this winter, uses the flow of water inside city water pipes to spin four turbines that produce electricity for Portland General Electric customers.
Friday, March 06, 2015
BY JEFF DELKIN | OP-ED CONTRIBUTOR
As a local business owner, I believe it’s important to build our economy on a platform of conservation values.
Friday, March 20, 2015
BY OB STAFF
Join us to celebrate and network with Oregon’s best green workplaces!
Monday, April 27, 2015
BY KIM MOORE
A conversation with Martha Richards, executive director of the James F. & Marion L. Miller Foundation.
Monday, April 27, 2015
BY JACOB PALMER
Live, Work, Play with Christine Jump.
Friday, April 24, 2015
BY AMY MILSHTEIN
Male tech workers speak out on the industry's gender troubles.
Tuesday, March 10, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
Baseball is returning to Portland and city officials are hoping economic opportunity comes with it.
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A new report highlights how Oregon bankers are giving back to their communities.
Since 1932 Tidewater Transportation & Terminals (operating as Tidewater Barge Lines and Tidewater Terminal Company) has operated a multicommodity transportation and terminal company based in Vancouver, Washington. The friendly expression on the company’s shipping containers reflects the attitude of about 330 safety and community-conscious employees but belies how complicated the barge business really is.
The Port of The Dalles has run marine facilities since the 1930s, but they are part of a larger mission to strengthen the local economy. They focus on regional economic development with a strong bent toward adding good-paying jobs in high tech, manufacturing and other industries.
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.
CFM Strategic Communications turns 25 this year and is celebrating with a revamped website, special events for firm alumni and clients, a special-label wine and a list of 25 stories about its client work over the past quarter century.