On February 5, 2014, The New York Green Bank (NYGB) issued its first solicitation for project funding. With project funding commencing, NYGB aims to create a sustainable stream of private capital to replace intermittent grants and subsidies from state and federal sources, and be the first U.S. Green Bank to target $1 billion in capitalization…....
DOE has announced $15M in funding to support affordable solar development in communities. On April 17, 2014, the Department of Energy (DOE) announced $15M in funding for community solar development as part of the administration’s goal to double renewable energy generation by 2020. The Solar Market Pathways funding opportunity, provided under the 2011 DOE SunShot…...
DOE has released a draft solicitation for renewable energy and energy efficiency projects that could provide up to $4B in loan guarantees. On April 16, 2014, the Department of Energy (DOE) issued a draft loan guarantee solicitation for innovative renewable energy and energy efficiency projects aimed to reduce greenhouse gas emissions. The Renewable Energy and…...
On January 2, 2014, the Federal Energy Regulatory Commission and the Commodity Futures Trading Commission officially entered into two Memoranda of Understanding (MOU). The MOUs will provide solutions for overlapping jurisdiction and sharing information of mutual interest. Overview On March 5, 2014, the Federal Energy Regulatory Commission (FERC) and Commodity Futures Trading Commission (CFTC) announced…...
The Clean Energy Victory Bonds Act would create small-denomination treasury bonds to fund clean energy incentives. On April 8, 2014, Reps. Zoe Lofgren (D-CA) and Doris Matsui (D-CA) introduced the Clean Energy Victory Bonds Act of 2014, aimed to create treasury savings bonds – modeled after the victory bonds sold during World War II –…...
DOE has released a five-year Strategic Plan outlining priorities to address the nation’s energy, security, economic, and environmental challenges. On April 7, 2014, the Department of Energy (DOE) released its Strategic Plan for 2014-2018 to advance its mission of enhancing U.S. security and economic growth through transformative science, technology, and market solutions to address energy,…...
The solar energy industry is disrupting the traditional one-way power flow utility model. To account for this, utilities and states are working together on creative energy compensation and tariff policies. Overview On March 12, 2014, the Minnesota Public Utilities Commission (PUC) approved the nation’s first statewide value of solar tariff (VOST), a methodology that will…...
On February 19, 2014, the California Air Resources Board (CARB) held its sixth carbon allowance auction. Auction results over the first year show that compliance entities are becoming more comfortable with program and that investor market confidence is growing. Similarly, a secondary allowance market is also developing as market confidence grows. Overview The California Air…...
On March 4, 2014, the Regional Greenhouse Gas Initiative (RGGI) held the first carbon allowance auction under the new Model Rule. Auction prices reached record levels and high market participation and allowance demand exhausted the 5 million allowance Cost Containment Reserve. Overview The Regional Greenhouse Gas Initiative (RGGI) is the nation’s first mandatory market-based cap-and-trade…...
The New York Power Authority has released its updated strategic plan outlining actionable initiatives to attain a transformed energy system. On March 26, 2014, the New York Power Authority (NYPA) released its Strategic Vision 2014-2019, an updated strategic plan aimed to boost economic growth by providing more value to NYPA customers. Through the plan, NYPA…...
The traditional electricity power grid is undergoing a historic shift with the emergence of decentralized power generation. The Federal Energy Regulatory Commission (FERC) is charged with overseeing complex state, regional, and local transmission laws and regulatory environments, which can vary significantly. This variance, combined with a more open transmission project market may lead to increased…...
Indiana’s new Feed-in tariff (FiT) program will allow customers to sell electricity produced by renewable energy facilities to their electric utilities at favorable rates. The Indiana Utility Regulatory Commission (IURC) will establish an electric utility FiT program, which requires utilities purchasing electricity generated from a renewable energy facility to enter a standard contract for a…...