Norsk Hydro to purchase wind energy from project in Sweden

Wind Energy in Sweden - Wind turbine farm

Large corporation has agreed to purchase electricity from wind farm Norsk Hydro, a major aluminum producer based in Europe, has agreed to purchase the majority of electricity produced by a new wind energy system in Sweden. The new wind farm is currently under development, receiving financial support from Macquarie, an Australia bank, and General Electric. These two organizations believe that the power purchase agreement formed with Norsk Hydro represents the largest of its kind for a corporate wind energy purchaser. Corporations are beginning to invest heavily in clean power Many…

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Automakers seek to save tax credit that benefits electric vehicles

Electric Vehicles - Electric cars charging

Clean vehicle tax credit may be in jeopardy The auto industry has mobilized in the United States to combat a proposal that would put an end to a tax credit that supports electric vehicles. Currently, the tax credit provides as much as $7,500 to those interested in purchasing plug-in electric vehicles. The tax credit applies to the first 200,000 of these vehicles that are produced by automakers. After this limit is reached, the tax credit is phased out over time. Clean vehicles may not appeal to consumers without the tax…

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