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 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)…...
To avoid 2012 import solar PV tariffs, Chinese manufacturers outsourced production to nearby Taiwan. Recognizing this, SolarWorld has petitioned the Department of Commerce for new antidumping and countervailing duty tariffs. Domestic manufacturers support the tariffs in an effort to become more cost-competitive and increase single-digit market shares. Installers and project developers warn that installation costs…...
Massachusetts has enacted legislation, qualifying renewable heating and cooling technologies for Alternative Energy Credits under the Alternative Energy Portfolio Standard. On August 1, 2014, the Massachusetts Legislature enacted S 2214 – An Act Relative to Credit for Thermal Energy Generated with Renewable Fuels – mandating utilities to procure renewable thermal energy credits to meet their…...