Mayor Bloomberg has signed legislation that will require the Office of Long Term Planning and Sustainability to study geothermal energy resources and the feasibility of developing them in New York City. The bill was sponsored by Council Members Gennaro, Garodnick, Brewer, Fidler, Gentile, James, Koppell, Lander, Mark-Viverito, Palma, Williams, Arroyo, Levin, Dromm, Van Bramer, Barron, Eugene, Greenfield, Jackson, Richards, Halloran and Ulrich.
A recent IRS ruling confirms that batteries used to store solar electricity qualify for the 30% energy tax credit. At the same time, it imposes significant limits on the amount of the available credit if the battery also stores electricity drawn from the utility grid.
The Internal Revenue Service explained today what developers must do this year to be considered to have started construction of new renewable energy projects.
As an owner of a small (16 kWp) PV plant, the local utility recently informed me that they would soon be discontinuing net metering in favor of a fixed payment per renewably produced kWh (cheerily termed a SunCredit), which is to be determined annually. Specifically, the retail value of a grid-delivered kWh is 9.9 cents while the value of a PV produced kWh is only 57% of that (5.6 cents). The remaining 4.3 cents per kWh is absorbed in the costs of transmission lines, transformers, administration, maintenance and the like.
After a long period of quiescence, Maine's state legislature has again taken up feed-in tariffs. Legislative document 1085 to establish the Renewable Energy Feed-in Tariff was introduced 19 March 2013 and referred to the Committee on Energy, Utilities and Technology.
Japan's wind power industry will see a boom in installations similar to an increase in solar capacity in the nation since last year, a lawyer advising domestic and foreign investors said.
A French proposal to allow GDF Suez SA and Electricite de France SA to extend their concessions to run hydropower plants by 25 years may contradict national laws on allotting contracts for public services, Vattenfall AB said.
For developers trying to monetize the federal tax benefits for a given project, finding a tax equity partner can be a lonely process. Tax equity investors consist of a limited pool of suitors—investment bankers and a few other firms — who can tolerate the array of risks associated with this type of investment, including:
This really should have been front page news around the world – or, at the very least, across Europe. Bloggers, including Cornelia Daniel on ecoquent-positions and Andreas Kühl on energynet.de, have already reported this...
Massachusetts Gov. Deval Patrick is considering a bill recently approved by the state's legislature that would help improve dam safety.