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…
DetailsThe South Dakota Public Utilities Commission issued a permit allowing Crowned Ridge Wind II LLC to build a 301-megawatt wind energy facility in Codington, Deuel, and Grant counties, according to a March 18 press release. The $425 million project consists of 132 wind turbines spanning about 70,000 acres east of Watertown. The developer has entered…...
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…...
The 47th quarterly carbon auction of the Regional Greenhouse Gas Initiative, the nation’s first mandatory cap-and-trade program to cut power sector emissions, sold about 16.2 million carbon allowances at a clearing price of $5.65, according to a March 13 news release. New Jersey participated in the auction for the first time in almost a decade…...
