Category — Government Incentives
On July 3, 2014, the U.S. Department of Energy Loans Program Office published a solicitation for Federal Loan Guarantees for Renewable Energy Projects and Efficient Energy Projects. Under the solicitation, eligible projects include Renewable Energy Projects and Efficient Energy Projects that implement “new or significantly improved technology” and “avoid, reduce, or sequester” the emission of greenhouse gases or other air pollutants, as required by the Energy Policy Act § 1703 (42 U.S.C. § 16513). The solicitation makes available $2.5 billion of loan guarantees “plus an additional amount that can be imputed based on the availability of an appropriation for the credit subsidy cost of such imputed loan guarantee authority.” DOE estimates that the total available loan guarantee authority will be “as much as $4 billion…”
July 17, 2014 Comments Off
On April 29, 2014, Washington State Governor Jay Inslee signed an executive order outlining a series of “next steps” to reduce carbon pollution within the state, including the creation of a market based carbon pollution cap program and to work towards eventually eliminating the use of electricity produced by coal. Governor Inslee explained that the executive order is the next step in a course of action set by the state in 2008 when it passed a law that generally required a reduction of state-wide carbon pollution, but did not include specific mechanisms to achieve its carbon reduction goal. [Read more →]
May 19, 2014 Comments Off
In an unprecedented ruling, a judge reviewing whether Xcel Energy should invest in new natural gas generators vs. large solar power arrays concluded Tuesday that solar is a better deal.
If the finding by Administrative Law Judge Eric Lipman is upheld by the state Public Utilities Commission (PUC), Edina-based Geronimo Energy plans to build about 20 large solar power arrays on sites across Xcel’s service area at a cost of $250 million.
“It says solar is coming in a big way to the country and to Minnesota,” Geronimo Vice President Betsy Engelking said of the ruling.
Geronimo’s Aurora Solar Project would receive no state or utility subsidies, but would qualify for a federal investment tax credit. Engleking said it is the first time in the United States that solar energy without a state subsidy has beaten natural gas in an official, head-to-head price comparison.
Read the full article from StarTribune here.
January 3, 2014 Comments Off
On June 7, 2013, President Obama issued a memorandum titled “Transforming our Nation’s Electric Grid Through Improved Siting, Permitting and Review.” The memo directs the Secretaries of Agriculture, Commerce, Defense, Energy, and the Interior (collectively the “Secretaries”) to engage in certain actions aimed at establishing energy right-of-way corridors on Federal lands (“energy corridors”) and improved transmission siting, permitting, and review processes. The memo focuses on expanding energy corridors outside those designated by the Secretaries of the Interior and Agriculture in 2009 in 11 contiguous Western States (as defined in section 368 of the Energy Policy Act of 2005). [Read more →]
June 17, 2013 Comments Off
On Wednesday, June 5, 2013, the Department of Interior’s Bureau of Ocean Energy Management (“BOEM”) issued the Final Sale Notice for the sale of commercial wind energy leases on the Outer Continental Shelf. The auction is scheduled to take place on July 31, 2013 and will offer 164,750 acres for commercial wind energy leasing off the coast of Rhode Island and Massachusetts. BOEM will simultaneously auction the area as two separate leases. [Read more →]
June 11, 2013 Comments Off