[Report] Lease Sales and Loan Guarantees Increase Potential for Offshore Wind Energy

Environmental Markets, Power & Utilities, Renewables, Wind Power

The United States is set to begin construction this year on its first offshore wind farm – the Cape Wind Project, led by Cape Wind Associates, LLC – located off the coast of Cape Cod, Massachusetts.   The 130-turbine, 468 MW Cape Wind Project would more than quadruple Massachusetts’ current wind power capacity (Figure 1),…...

IRS Clarifies Eligibility Criteria for Renewable Energy Tax Credits

Biofuels, Hydropower, Renewables, Solar Power, Wind Power

IRS Notice 2014-46 provides additional eligibility clarification for renewable energy tax credits and lowers the Safe Harbor requirement from 5 percent to 3 percent. On August 8, 2014, the Treasury Department and the Internal Revenue Service (IRS) released guidance (Notice 2014-26) providing additional clarification regarding eligibility requirements for the renewable electricity production tax credit (PTC)…...