Renewable Energy Insights > Troutman Sanders LLP

Without Tax Credit Extensions, Returns or PPAs for Renewables Will Have to Give, GAO Says

SNL reports that if Congress does not extend a pair of subsidies for the renewable energy industry, new construction will slow unless retail electricity providers pay significantly more for wind and solar power or developers forfeit a big chunk of their returns, the U.S. Government Accountability Office projected in a recent report.

The results should not come as a surprise to developers of utilities. [Read more →]

June 5, 2015   Comments Off

Calif. Senate Passes Climate Package Aiming for 50% Renewable Power, Halving Petroleum Use

California’s Senate yesterday accelerated the state’s push for clean energy, passing a bundle of climate bills that aimed to shrink sharply greenhouse gas emissions, increase renewable power to 50 percent of electricity and chop in half petroleum use by 2030. [Read more →]

June 4, 2015   Comments Off

Interior Department Approves First Solar Energy Zone Projects

An Interior Department press release reports that: “As part of President Obama’s Climate Action Plan to cut carbon pollution and create clean energy jobs, U.S. Secretary of the Interior Sally Jewell announced on Monday the approval of the first three solar energy projects to benefit from the streamlined permitting process of the Bureau of Land Management’s (BLM) Western Solar Plan. When built, the three solar energy projects on public lands in Clark County, Nevada, will generate up to 440 megawatts of energy – enough electricity to power roughly 132,000 homes – and are expected to create up to 1,900 construction jobs.”

June 3, 2015   Comments Off

DOI Greenlights 1st Projects Under BLM Western Solar Plan

Law360 reports that The U.S. Department of the Interior said Tuesday it has approved the first solar energy projects under the Bureau of Land Management’s Western Solar Plan, announcing three new installations in Nevada with a combined generating capacity of 440 megawatts.

June 3, 2015   Comments Off

SCE&G reaches settlement on $37M program to expand solar projects in South Carolina

The Charlotte Business Journal reports that S.C. Electric & Gas, the SCANA Corp. (NYSE:SCG) subsidiary that has about 660,000 electric customers, has reached an agreement with consumer and renewable-energy advocates on a $37 million program designed to get 84.5 megawatts of solar on its system by 2021.

May 28, 2015   Comments Off