Alternative energy
Adoption of rules establishing a funding structure for offshore wind renewable energy credits set the stage for New Jersey’s first offshore wind solicitation and established the market certainty needed for long-term investment in the industry, according to a Feb. 8 report by the New Jersey Board of Public Utilities, detailing the progress made towards the state’s…...
The Massachusetts Department of Public Utilities issued an order on Feb. 1 clarifying ownership of capacity and energy rights of facilities under net metering and Solar Massachusetts Renewable Target, or SMART, programs participating in the ISO New England Inc.’s forward capacity market. The order allows owners of storage-paired facilities to retain their energy or capacity…...
New York Democratic Governor Andrew Cuomo on Jan. 17 unveiled the most aggressive plan of any state to eliminate global warming emissions and achieve 100 percent carbon-free power in just a couple of decades. Cuomo's legislative package, dubbed the "Green New Deal," is designed to put the state on a path to wipe out its carbon footprint by 2040 by slashing the heat-trapping emissions not just in the power fleet, but across the entire economy including the transportation and agriculture sectors and through building efficiency.
Massachusetts House Democratic lawmakers Marjorie Decker and Sean Garballey introduced legislation on Jan. 28 that would transition Massachusetts to 100 percent renewable electricity. The bill would set a target for the state to source all of its electricity from renewable energy by 2035 and calls for an economy-wide transition to renewables, including heating and transportation,…...
The U.S. Nuclear Regulatory Commission announced a final rule addressing nuclear plant safety to incorporate lessons learned from the 2011 accident at Japan’s Fukushima nuclear plant, according to a Jan. 24 news release. The rule removes the requirement in the final draft presented by the commission staff in 2016 requiring nuclear plants to take additional…...
U.S. energy exports in 2020 are projected to surpass imports for the first time since 1953, thanks to the continued growth in petroleum and natural gas exports, according to the U.S. Energy Information Agency’s Annual Energy Outlook released on Jan. 24. The trend is expected continue for the next three decades driven by large increases in the…...
The New Jersey Board of Public Utilities approved rules for a community solar pilot, allowing residents to participate in a solar project that is not located on their property, according to a Jan. 17 news release. The agency said that expanding solar access is key to achieve Democratic Governor Phil Murphy’s stated goal of 100…...
Alternative compliance payments assessed under Connecticut renewable portfolio standards program fell to $2.329 million in 2016, a decline of more than half from 2014, according to a RPS compliance report issued Jan. 23 by the Public Utilities Regulatory Authority. Assessed alternative compliance payments fell down from $3.90 million in 2015 and $7.86 million in 2014…....
Eastern U.S. states are jockeying to claim the mantle of leadership of the nation's still-budding offshore wind industry, eyeing major infrastructure upgrades and workforce training to meet procurement targets and capture the billions-of-dollars in investments promised by the clean, abundant and largely untapped coastal wind resources.
Scout Clean Energy LLC, a Colorado-based renewable energy developer, announced the closing of financing and the launch of construction of its 300-megawatt Ranchero wind park in Texas, according to a Jan. 17 press release. The project has a 10-year proxy revenue swap, or PRS, with Allianz Global & Specialty Inc.’s Alternative Risk Transfer unit, in…...
The New York State Board on Electric Generation announced hearings to receive comments on Bluestone Wind LLC’s proposal to construct a 124-megawatt wind energy project in the towns of Windsor and Sanford, Broome County. The move follows the board’s determination that the company’s Article 10 application is complete. The decision-making process under Article 10, adopted…...
Vermont House lawmaker Charles Shaw, a Republican, introduced legislation on Jan. 22 that would require in-state solar facilities to sell their renewable energy credits to distribution utilities that will apply the credits toward meeting the state’s renewable energy standard, in a bid to balance the local impacts of siting solar installations. Alternatively, the facility would have…...
