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The Morning Briefing: NY wind projects, job creation, investment

"The Morning Briefing" is SmartPlanet's daily roundup of must-reads from the web. This morning we're reading about developments in wind power projects.
Written by Charlie Osborne, Contributing Writer

"The Morning Briefing" is SmartPlanet's daily roundup of must-reads from the web. This morning we're reading about developments in wind power projects.

1.) New York to receive wind power despite urban landscape? In embracing Wind Power, due to its urban landscape, New York City has fallen behind, despite Mayor Michael R. Bloomberg's dreams of wind turbines generating some of the city's energy requirements. However, this spring, the city's Department of Environmental Protection will solicit plans for the first major wind project New York City will see -- installation of turbines atop the Fresh Kills landfill in Staten Island.

2.) Wind power could lead to £3bn spend in UK, 45,000 jobs by 2022? According to the wind trade association RenewableUK, offshore wind projects could lead to billions of investment in the UK supply chain by 2022, consequentially supporting over 45,000 jobs. This figure might be calculated in an optimistic fashion, especially as the coalition government is reviewing renewable energy subsidies and more assets are being moved away from the UK.

3.) Hawaii's biggest wind power project now underway. Hawaii's largest wind power project, the 69-megawatt (MW) Kawailoa Wind project on Kamehameha Schools' Kawailoa Plantation lands, on Oahu's North Shore, has now began construction. The wind farm will include thirty 2.3-MW wind turbine, which will produce approximately 5 percent of the island's energy demands.

4.) Analysis: Will offshore wind survive without tax subsidies? With wind industry advocates working overtime to convince Congress to renew expiring tax credits, what could happen to renewable energy sources if the lobbying is not successful?

5.) U.S. named global leader in renewable energy investment. In 2011, according to Ernst & Young's latest quarterly Renewable Energy Country Attractiveness Index (CAI), America dominated the investment charts for solar and wind technologies. The report suggests that despite volatile economic conditions, the renewable energy market in the U.S. is well-positioned to benefit from future investments.

Bonus: Algonquin Power 25 year PPA with SaskPower for 177 megawatt wind farm.

Image credit: Jim Hammer

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