$2.2B U.S.-Canada Transmission Project Clears DOE Review

DOE has issued its final Environmental Impact Statement for a 336-mile electric transmission system between the United States and Canada, clearing the way for final Presidential Permit issuance. On August 11, 2014, Transmission Developers Inc. announced that the Department of Energy (DOE) has issued the Final Environmental Impact Statement (EIS) for its proposed Champlain Hudson Power…...

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

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

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)…...

Largest U.S. Offshore Wind Energy Area Open for Commercial Development

A 742,000 acre zone offshore Massachusetts will be available for commercial wind energy leasing, doubling the federal offshore acreage available for wind development. On June 17, 2014, the Department of Interior (DOI) announced the availability of more than 742,000 acres offshore Massachusetts for commercial wind energy leasing.  The proposed wind energy area (WEA) – located…...

New York Is First To Tackle Grid Modernization With REV

The New York State Reforming the Energy Vision (REV) initiative aims to answer the question of how to proceed with New York’s energy future in the face of aging electric generating plants and the need for a more resilient energy infrastructure. Overview The initiative – announced by Governor Cuomo in April 2014 – tasks the…...

EXPIRE Act Supports Renewable Energy Industry at a High Cost

Multiple energy industries rely on federal tax incentives to spur private investment in commercializing renewable technologies. However, the periodic expirations of these tax credits have led to business uncertainty and an inability to make long-term planning decisions. The most recent Senate extender bill – the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act of 2014…...