>WASHINGTON – As oil and gas companies make tens of billions in profits and the government scours the budget for savings, President Obama called on Congress to stop handing them $4 billion annually in taxpayer subsidies. America’s oil production last year reached its highest level since 2003, but we need to invest in the energy of the future, instead of subsidizing the energy of the past.
Category Archives: wind and solar power
>The President points to a revolutionary new solar plant that will employ 1,000 people and power 140,000 homes. The plant is possible because of the President’s investments in the clean energy economy, which Congressional Republicans want to eliminate.
Two New Jersey green energy projects have been getting a bit of press lately. Each project has been support by Governor Corzine and will receive state aid in the form of federal stimulus money and other incentives.
Meadowlands solar farm gets support from Corzine, stimulus:
Early in September, the Meadowlands Commission expects to get responses to its invitation in May for requests for proposals for the project, said Brian Aberdack, the agency’s public information officer. The project cost is yet to be determined, and will be “in the tens of millions of dollars,” but the agency had originally asked for $10 million in federal stimulus funds, he said.
The state Board of Public Utilities on Aug. 19 awarded the stimulus grant of $8.5 million for the project, carving it out of $20.6 million of American Recovery and Reinvestment Act funds it has received. At its board meeting that day, it also approved a $4.3 million federal stimulus grant for an NJ Transit solar installation in Kearny, which is another project Corzine announced Tuesday.
The Meadowlands Commission’s Kearny solar farm project is part of its larger plan to generate up to 20 megawatts of renewable energy by 2020 in the Meadowlands District. The commission is the zoning and planning agency of the Hackensack Meadowlands District, a 30.4-square-mile area along the Hackensack River covering parts of 14 municipalities in Bergen and Hudson counties.
The Meadowlands Commission’s solar farm will occupy a landfill of about 35 acres of a 57-acre lot, according to a press note the agency issued in May, when it invited bids to build and operate a grid-connected photovoltaic system. The landfill has been inactive for 25 years, and “settlement has substantially occurred,” the agency said.
If all goes well, construction on the project would start by year’s end, but a completion date has not been finalized, Aberdack said. The selected firm will enter into a 15- to 20-year lease and take ownership of all available tax credits, depreciation and solar renewable energy certificates associated with the project, according to the commission.
In July, New Jersey installed its 4,000th solar farm, making it second only to California in the number of such installations.– njbiz.com
Officials tout buoys that capture wave energy off the Jersey coast:
State and local officials joined with Ocean Power Technologies (OPT) Tuesday to recognize the success of one of the Pennington-based company’s PowerBuoys off the coast of Atlantic City.
OPT is a pioneer in wave-energy technology that harnesses ocean wave resources to generate clean electricity.
“This is a celebration of our work in the renewable energy sector and an opportunity to thank the state and federal government for supporting OPT since the very beginning,” said Charles Dunleavy, the company’s senior vice president and chief financial officer. “As we continue to achieve success in both the national and international markets, OPT is proud to have invented, developed, and grow our operations right here in New Jersey.”
The federal and state support, including assistance from the Navy, the U.S. Department of Energy, the U.S. Department of Homeland Security, the state Board of Public Utilities (BPU), the state Economic Development Authority (EDA), and the state Commission on Science and Technology.
The PowerBuoy has successfully operated for three years off the coasts of Hawaii, Spain, Scotland and Oregon.
“Governor Jon Corzine’s comprehensive energy master plan calls for 30-percent of New Jersey’s energy to be generated from renewable sources by the year 2020,” said BPU President Jeanne Fox. “Ocean Power’s PowerBuoy can help us achieve that goal while also building New Jersey’s green economy and putting our people back to work. It’s exactly the kind of business success that the Governor envisions for New Jersey.”
OPT was founded 1994. It is a public company and operates out of a 23,000- square-foot facility. Since its inception, the company has focused on its proprietary PowerBuoy® technology, capturing wave energy using large floating buoys anchored to the sea bed and converting the energy into electricity using innovative power take-off systems.
Commencing in 1997, OPT has conducted ocean trials off the coast of New Jersey to demonstrate the concept of converting wave energy and convert it into electricity. Ocean Power currently has 42 employees in New Jersey and plans to continue its growth.
“Governor Corzine’s commitment to investing in clean energy has ensured New Jersey is able to attract and develop companies like Ocean Power Technologies,” said EDA Chief Executive Officer Caren S. Franzini. “Ocean Power’s innovative technology and talented staff will only help to drive the company’s growth and the creation of more green jobs in the state.”
Franzini noted that EDA, in conjunction with BPU and the state Department of Environment Protection, recently launched Clean Energy Solutions, a suite of financing and incentive programs to further support the state’s effort to promote green job creation and a more environmentally responsible energy future.
For more information on the state’s energy master plan, visit http://www.nj.gov/emp. Businesses interested in learning more about all Clean Energy Solutions opportunities should visit http://www.njeda.com. – newjerseynewsroom.com
Yesterday, Chris Christie released his energy plan in which he praised the efforts of President Obama and the federal government but blasted Jon Corzine for not doing enough to lead and develop alternative energy solutions like wind and solar power.
“Here at home, the state of New Jersey is already subject to limits on greenhouse gas emissions from power plants under the ten-state Regional Greenhouse Gas Initiative. And our state renewable portfolio standard is more aggressive than the federal program contained in the bill.
“New Jersey serves as a national model for its investments in new, clean energy technologies that have reduced greenhouse gas emissions and created thousands of jobs. I heard from a number of New Jersey’s leading businesses that firmly believe today’s legislation would strengthen our state economy through innovative and sustainable job creation. It is time for other states to follow New Jersey’s leadership and do their share to set limits on greenhouse gas emissions and accelerate development of low-carbon energy sources and green jobs.”
Congressman Frank LoBiondo, who also recognizes New Jersey’s role, under the leadership of Governor Corzine in leading the way:
“In the process, new local businesses were founded and jobs were created in the emerging ‘green industry’ here in New Jersey. What must happen next is the growth of domestic manufacturing of the materials needed for alternative energy production, such as solar cells, wind turbines and environmentally-friendly buildings. This legislation rightly focuses on growing that manufacturing base, creating green jobs and finally establishing our energy Independence. The positive effects will be felt nationally and here in South Jersey. These are objectives I have long believed and advocated for as part of a national energy policy.”
Chris Christie will say anything to get elected and you can’t believe any of it.
In the latest Corzine campaign ad, Corzine’s Republican challanger Chris Christie, states that he is behind President Obama’s efferts on energy and the enviroment, only to later stated at a press conference that he expects as Governor to have clashes over these very same policies between a “Christie administration DEP and an Obama administration EAP”.
What gives here Mr. Christie? Either you stand behind the President and his policies of green jobs, and green energy alternatives such as solar and wind or you don’t. You can’t speak out of both sides of the mouth.