Tag Archives: Production Tax Credit (PTC)

Cities collectively buying renewables: “LA led way to leveraging EV RFPs, more cities follow with renewables”

By Robert Walton, Utility Dive

Boston Mayor Marty Walsh announced in June plans to partner with other cities to explore collective purchasing of renewable energy in order to bring down costs and incentivize more development. So far on board are cities including Chicago, Houston, Los Angeles, Portland and Orlando. The RFI aggregates the 20 cities’ combined 5,700 GWh of annual municipal loads said Adam Jacobs, Boston’s energy manager in the webinar hosted by the American Council on Renewable Energy.

Read more here.

Photo Credit: Depositphotos

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MORE AGGREGATION NEWS

Photo by SunEdison: San Diego Canopies

  • San Diego to form world’s largest Community Choice Aggregation, PV Magazine
    The announcement comes as a part of Mayor Kevin L. Faulconer’s ambitious 100% by 2035 renewable energy mandate for the city. CCAs happen when local governments, either municipalities or counties, form an entity to procure electricity for their communities. In the Golden State they have allowed communities to procure renewable energy even more rapidly than the statewide 60% by 2030 mandate. 
  • Businesses Unite To Drive Uptake of Renewable Energy In Australia, The Climate Group
    RE100 has gone Down Under, demonstrating the potential for corporate sourcing of renewables to help shift the energy market in Australia away from polluting coal. This week saw the first Australian meeting of RE100 – the global corporate leadership initiative on renewable electricity led by The Climate Group in partnership with CDP.

MORE NATIONAL / INTERNATIONAL NEWS

Photo Credit: Google

CLEAN ENERGY JOBS

1.8 Million Clean Energy Workers Employed In Top 50 American Metro Areas

ADDITIONAL CLEAN TECHNICA INTERVIEW

Google’s Renewable Energy Leadership (#CleanTechnica Interview)

IRS Issues Favorable Tax Credit Guidance for New Solar Projects

By Julia Pyper, Greentech Media

The new guidance provides two methods for determining a “commence construction” date.

The Internal Revenue Service released a new guidance Friday that establishes when the construction of a solar facility starts to qualify for the solar Investment Tax Credit. The guidance, Notice 2018-59, provides two methods for determining the “commence-construction” date: 1) starting physical work of a significant nature or 2) meeting the “5 percent safe harbor test” by incurring 5 percent or more of the total cost of the facility in the year that construction begins. Both residential and commercial solar projects may qualify for the full 30 percent Investment Tax Credit (ITC) through 2019, as long as the project is placed into service before 2024. A prior ruling required completion in the same year. Continue reading here

RELATED READING

U.S. Wind Energy Industry Booming

The American Wind Energy Association (AWEA) published the US Wind Industry Second Quarter 2016 Market Report this week, revealing continuing strong growth in the industry. During the second quarter, a total of 169 wind turbines were installed over four states, with Texas installing 200 MW, followed by Kansas with 72 MW, Nebraska with 36 MW, and one turbine installed in Iowa.

AWEA

”There’s never been a better time to buy American wind energy,” said Tom Kiernan, CEO of AWEA.

“Smart utilities and other customers are locking in prices at record lows by starting construction this year to qualify for the full-value PTC. The industry is thriving thanks to policy stability, and we appreciate support from champions in Congress for a multi-year extension of the PTC. Wind power supports 88,000 well-paying jobs, and the wind turbine technician is the fastest growing profession in the U.S. This is what an efficient, performance-driven policy delivers – more low-cost clean energy and the American jobs that make it happen.”

PTC: Production Tax Credit

U.S. Wind Industry Second Quarter 2016 Market Report, American Wind Energy Association.
Click here to download the non-member version of the report. 

ADDITIONAL RECOMMENDED READING
AWEA: Wind industry set to provide 20% of US power by 2030, Utility Dive
MidAmerican Energy reaches settlement to move 2 GW wind farm forward, Utility Dive
 Alliant to invest $1 billion in Iowa wind energy, The Gazette