Home The Latest More than $9B invested in Oregon renewable resources

More than $9B invested in Oregon renewable resources

| Print |  Email
The Latest
Monday, April 22, 2013

BY EMMA HALL | OB WEB EDITOR

03.01.12 WindInvestment in renewable energy manufacturing and projects in Oregon totals over $9 billion, according to a new report by the Renewable Northwest Project released for Earth Day. 

Oregon ranks third in the nation overall for renewable energy. A combination of wind, solar and geothermal projects generates more than $79 million in public revenue and creates an estimated 4,600 jobs in both direct construction and permanent operations and maintenance positions (as of the end of the fourth quarter of 2012).

Oregon ranks 5th in the nation for wind capacity installed, according to the American Wind Energy Association. That wind power has the capacity to power 700,000 Oregon households annually, nearly half of the state. Seattle-based Principle Power plans a 30-megawatt wind energy farm off the coast of Coos Bay, partially funded by a $4 million Department of Energy grant that could expand to as much as $47 million.

Yet it's not all bright and shiny for the renewable energy sector. Just today, SoloPower announced it will suspend operations at its Portland solar panel plant, laying off 29 workers. This comes after ongoing struggles that led to a companywide restructuring and pushed its taxpayer-backed factory months behind schedule. The North Portland fab has been open less than a year.

 

More Articles

Fast Food Slows Down

September 2014
Tuesday, August 26, 2014
BY KIM MOORE

The ubiquitous fast-food restaurant may be on the decline.


Read more...

The Alchemist

September 2014
Tuesday, August 26, 2014
BY LINDA BAKER

David Howitt explains why Portland consumer brands like Stumptown and Voodoo Doughnuts are taking the world by storm.


Read more...

Molecular Movies

September 2014
Wednesday, August 27, 2014
BY LINDA BAKER

Dr. Chong Fang isn’t God. But the assistant professor of chemistry at Oregon State University is getting closer to figuring out how he put everything together. 


Read more...

Risks & rewards of owning triple net investments

Contributed Blogs
Thursday, July 24, 2014
NNNinvestmentBY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR

With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.


Read more...

Back to School

September 2014
Wednesday, August 27, 2014
BY LEE VAN DER VOO

By now we’ve all read the headlines: Starbucks is giving away free degrees. Except it isn’t.


Read more...

Launch

September 2014
Tuesday, August 26, 2014
BY JESSICA RIDGWAY

September's Launch article features Orchid Health, BuddyUp and Inter-Europe Consulting.


Read more...

Gender Code

September 2014
Tuesday, August 26, 2014
BY COURTNEY SHERWOOD

Janice Levenhagen-Seeley reprograms tech.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS