Solar and wind developers are faced with tough challenges as the COVID-19 pandemic disrupts the global supply chain, affecting project timelines. Delays have the potential to threaten power purchase contracts and federal tax credits that are crucial for project economics. The crisis has triggered an economic slowdown as governments take measures to curb the advance of…
The Tennessee Valley Authority issued a request for proposals to develop 200 megawatts of renewable energy projects that can begin commercial operations by the end of 2023, according to a March 16 news release. The seven-state power agency said it does not have a need for more base-load energy and is investing in renewables in…...
Virginia has become the first state in the South to begin a clean energy transition with the passage of a sweeping energy bill that sets the state on the path to carbon-free power by 2050. The law replaces the voluntary renewable energy portfolio program with a mandatory standard, and paves the way for an enormous expansion of wind and solar power, energy storage, and energy efficiency.
Democratic Governor Andrew Cuomo on March 16 announced the selection of 21 large-scale solar, wind, and energy storage projects totaling 1,278 megawatts in the state’s latest annual solicitation for large-scale renewable energy capacity. The awards, which represent $1 billion in state investment, include projects that offered bids 23 percent lower than those received three years…...
A growing number of cities across the U.S. are moving toward electrifying their building sectors and banning natural gas use. The Northern California city of Berkeley passed the first such ban, initiating a wave of similar ordinances as a means to reduce carbon emissions. The movement prompted Arizona to enact the first state law preventing local bans on natural gas, and several other states to introduce bills with similar language.
The final version of Virginia’s Clean Economy Act cleared the state’s House of Delegates and Senate on March 7, and now awaits Democratic Governor Ralph Northam’s signature. The legislation codifies the 2050 clean energy goal that Governor Northam laid out in an executive order issued last September. The bill calls for more wind and solar…...
The Electric Reliability Council of Texas Inc. expects more than 82,400 megawatts of resource capacity to be available to meet the projected peak demand of 76,696 megawatts for the upcoming summer season from June through September, according to a March 5 announcement. The preliminary summer assessment anticipates record electric use this summer, with grid operations…
Democratic Governor Michelle Grisham signed a suite of bills on March 3 including legislation that reinstates the solar tax incentive that expired in 2016, helping the state move toward its goal achieving 50 percent renewable energy 2030. A second bill provides that transmission line projects qualify for industrial revenue bonds available through cities and municipalities,…...
The Michigan Public Service Commission authorized rate increases totaling $417.5 million in five electric and natural gas rate cases last year, $245.5 million less than what the utilities requested, according to the agency’s annual report issued on March 2. The increases were driven largely by investments needed to replace aging infrastructure to improve safety and…
The Florida Power & Light Company received approval to launch the nation’s largest community solar program called SolarTogether, according to a March 3 news release. Under the program, the utility will install 1,490 megawatts of solar at 20 new facilities across its service territory by mid-2021. The initiative is projected to yield long-term savings of…
Utility-scale solar is growing at a remarkable pace driven by declining costs, state clean energy commitments, retirement of fossil-fueled generation, and utility decarbonization goals. The industry is poised to add about 13.5 gigawatts of new projects this year, outpacing the previous annual record of 8 GW set in 2016, according to the U.S. Energy Information Administration.
Democratic Governor Andrew Cuomo on Feb. 21 proposed a budget amendment to speed up the permitting and construction of large-scale renewable energy projects. The legislation would create a new Office of Renewable Energy Permitting that will create a siting process specifically designed for renewable energy projects. The changes are intended to help New York advance…