The 48th quarterly carbon auction of the Regional Greenhouse Gas Initiative, the nation’s first mandatory cap-and-trade program to cut power sector emissions, sold more than 16.3 million carbon allowances at a clearing price of $5.75. The auction generated about $93.9 million, bringing the total proceeds to nearly $3.6 billion. The clearing price was slightly higher…...
The New York State Board on Electric Generation Siting and the Environment on June 3 granted a permit, allowing Alle-Catt Wind Energy LLC, a subsidiary of Invenergy LLC, to construct a 340-megawatt wind generating facility in Allegany, Cattaraugus, and Wyoming counties. The $454 million facility, spanning about 30,000 acres, is expected to generate up to…...
U.S. biomass-based diesel imports increased by 26 percent in 2019 to more than 27,000 barrels per day after three consecutive years of decline, according to a June 2 report from the U.S. Energy Information Administration. Production of biomass-based diesel, which refers to biodiesel and renewable diesel, is largely driven by federal and state policies as…...
The Connecticut Public Utilities Regulatory Authority extended the start date for delivery of renewable energy credits, or RECs, from low and zero emission facilities under the state’s LREC/ZREC program to provide flexibility for projects that may be facing delivery delays due to the COVID 19 pandemic, according to a June 1 press release. The agency…...
