Renewable Energy Development Efforts News

Newly re-elected Governor Andrew M. Cuomo issued a comprehensive solicitation seeking 800 megawatts or more of new offshore wind projects for New York.According to a press release issued by New York State Energy Research and Development Authority (NYSERDA) he state's first offshore wind procurement is moving rapidly. Bids due to land in February 2019. Awards for projects will be made in spring 2019 in time to "take advantage of expiring federal tax credits".This highly anticipated first offering kicks-off competition for New York State's first large-scale offshore wind development contracts, an initial step toward its goal of 2,400 megawatts…

Fred McCallister, an investment banker with Allegiance Capital Corporation, sent a letter to Incident Commander Admiral Thad Allen on June 17 asking for a limited waiver of the Jones Act, to enable 12 to 25 foreign flagged skimmer ships to assist in clean-up efforts in the Gulf. "Many in the Gulf have been calling for this equipment, which can collect 3,500 gallons of oil per hour per vessel from Gulf waters. With estimates now at 2.5 million gallons of oil spilling into the Gulf every day, the urgency can't be overstated," said McCallister, a Vice President at Allegiance Capital.