New Jersey completed 100,000 installations, a landmark in the state’s thriving solar industry which has benefitted from net metering, a renewable portfolio standard, and a solar renewable energy credit or SREC market, according to a Nov. 23 press release from the New Jersey Board of Public Utilities. In May, the state enacted legislation that phases…
American Electric Power Company Inc. announced a $33 billion capital investment plan from 2019 through 2023, with 75 percent focused on its transmission and distribution operations, according to a Nov. 11 news release. The plan includes $2.7 billion for new renewable generation, including about $2.2 billion for competitive, contracted projects. The company said the transition…
Duke Energy Carolinas, a subsidiary of Duke Energy, issued $1 billion in green bonds to finance zero emission projects such as solar and energy storage in North and South Carolina, according to a Nov. 9 press release. The bonds, which mark the company’s first clean energy investment offering, have a weighted average coupon of 3.74…
The Virginia State Corporation Commission on Nov. 2 issued an order finding that Dominion Energy Inc.’s proposal to build a 12-megawatt offshore wind project off the coast of Virginia Beach is prudent. The project, expected to come online in December 2020, has an estimated cost of about $300 million, excluding financing costs. The commission noted…
The Bureau of Land Management authorized EDF Renewable Energy Inc.’s Palen Solar Project, a 500-megawatt solar photovoltaic facility that would span 3,478 acres of federal lands in Riverside County, California. The project, expected to come online in 2020, would be located in the bureau’s Solar Energy Zone and Development Focus Area that has been designated…
The Florida Public Service Commission on Oct. 29 authorized Tampa Electric Company to recover costs for five solar projects totaling 260 megawatts under the second phase of the company’s solar plan. The projects raise the revenue requirement by $46 million resulting in a $2.46 increase in monthly residential bills, effective January 2019. The agency said…
The New Jersey Board of Public Utilities announced that all Solar Renewable Energy Certificate or SREC applications submitted after Oct. 29 will have a lifespan of 10 years, clarifying legislation enacted in May. The language of the legislation says that the 10-year term applies only to certain proposals seeking to connect to the distribution system.…
Dominion Energy Inc. on Oct. 24 announced a request for proposals for up to 500 megawatts of wind and solar in Virginia under a plan to add 3 gigawatts of renewables in the state by 2022. The company said it will issue annual RFPs to meet the goal. The solicitation is open to onshore projects…
NV Energy Inc. issued a request for proposals for projects of at least 20 megawatts to add 350 megawatts or more renewable energy capacity in Nevada, according to the company’s Oct. 16 press release. The solicitation is open to solar, geothermal, wind, biomass and biogas technologies that comply with the state’s renewable portfolio standards. The…
Governor Andrew Cuomo, a Democrat, announced the funding to advance progress towards the state’s ambitious target of deploying of 1,500-megawatts of energy storage by 2025 and also support the Clean Energy Standard, which requires half of the state’s electricity to come from renewable energy by 2030. The NY-Sun program, a $1 billion initiative that strives…
President Donald Trump nominated Bernard L. McNamee to the Federal Energy Regulatory Commission for the term ending June 30, 2020, to fill the vacancy resulting from Commissioner Robert Powelson’s resignation in August, according to an Oct. 9 release from the agency. McNamee currently serves as the Executive Director of the U.S. Energy Department’s Office of…
Duke Energy Progress LLC asked the North Carolina Utilities Commission to approve its Hot Springs microgrid project consisting of a 2-megawatt solar facility and a 4-megawatt lithium-based battery storage facility in Madison County, according to an Oct. 8 filing with the agency. The company said the project provides an innovative grid solution without the need…
