Tag Archives: Reuters

Final Version of Tax Bill Keeps ITC Intact, Allowing for Strong Solar Growth to Continue

Solar Energy Industries Association Press Release

WASHINGTON, D.C. – [Friday], following aggressive advocacy efforts by the Solar Energy Industries Association (SEIA) to ensure the continued growth of the U.S. solar industry, Congress reached an agreement on comprehensive tax reform legislation. Following is a statement from Abigail Ross Hopper, SEIA’s president and CEO:

“After weeks of negotiations, the final tax legislation released today maintains the solar Investment Tax Credits (ITC) for both commercial developers and for homeowners in its current form. This is a great victory for the solar industry and its 260,000 American workers and we commend our bipartisan solar champions in Congress for their diligent efforts to maintain solar’s critical role in America’s economy.

“As an industry, we are pleased that the final version of tax reform legislation protects the Investment Tax Credit, and we look forward to continuing to deliver on our promise of affordable, reliable American energy.”

Press Release.

ADDITIONAL RECOMMENDED READING
U.S. renewable energy industry relieved as Republicans keep tax credits, Reuters
The final tax bill retains the production and investment tax credits for wind and solar energy that have spurred investment in the fast-growth industries. It also eliminates the alternative minimum tax, which would have reduced the value of those credits.

2016 was the year that . . .

By Joel Makower, Chairman and Executive Editor, GreenBiz Group

 

Many of us are quite happy to keep truckin’ on to a new year. And yet 2016 had its better moments. Viewed through the lens of sustainable business, it was more of the same — “more,” in this case being a continued acceleration of activity across a steadily expanding landscape of opportunity. Lest we forget, here, in no particular order, are 10 story lines we covered during the year that showed the promise and progress of sustainable business.

 


ALSO OF POTENTIAL INTEREST 

Big solar now eclipsing small-scale installations

 By Nichola Groom, Reuters, Published by The Toledo Blade 

Mojave desert solar array at Red Rock Canyon National Conservation Area.

Mojave desert solar array at Red Rock Canyon National Conservation Area.

Many trace the tipping point for utility-scale solar to a 2014 announcement by Austin Energy that it would buy power from a new 150 megawatt solar plant — enough to light and cool 30,000 homes — for 5 cents a kilowatt hour. At the time, it was a record low price for solar power. Since then, projects have brought the price below 4 cents a kWh. Read more.

Image Credit: Solar Energy Industries Association (SEIA)

U.S. hi-tech energy agency chief aims to outperform Tesla

By Valerie Volcovici, Reuters

DOElogoWASHINGTON / A wing of the U.S. Department of Energy focused on breakthrough technologies may soon give billionaire entrepreneur Elon Musk’s most recent foray into energy storage a run for its money, the unit’s director said. Advanced Research Projects Agency-Energy, or ARPA-E, which funds projects meant to transform energy markets, has made huge strides over the last few years on next-generation batteries that could make electric cars and renewable energy cheaper and more accessible.

Read more here.

ADDITIONAL RECOMMENDED READING
U.S. Energy Storage Market Grew 243% in 2015, Largest Year on Record, by Mike Munsell, Greentech Media Research. The U.S. energy storage market just had both its best quarter and best year of all time. According to the GTM Research/Energy Storage Association’s U.S. Energy Storage Monitor 2015 Year in Review, the U.S. deployed 112 megawatts of energy storage capacity in the fourth quarter of 2015, bringing the annual total to 221 megawatts. This represents 161 megawatt-hours for the year. The 112 megawatts deployed in the fourth quarter 2015 represented more than the total of all storage deployments in 2013 and 2014 combined. Propelled by that historic quarter, the U.S. energy storage market grew 243 percent over 2014’s 65 megawatts (86 megawatt-hours).  

Click image to enlarge it.

Click image to enlarge it. Source: U,.S. Department of Energy 

Utility Dive: The sector favorite: Storage tops utility tech picks for second year running. Utility Dive’s third annual survey of electric utilities shows even greater interest in energy storage, by Peter Maloney.   

EPA asks Volkswagen to make electric cars in U.S.

The charging plug of an electric Volkswagen Passat car is pictured at charging station at a VW dealer in BerlinReuters / Welt am Sonntag 

U.S. authorities have asked the German carmaker Volkswagen to produce electric vehicles in the United States as a way of making up for its rigging of emission tests, the German newspaper Welt am Sonntag reported.

The U.S. Environmental Protection Agency is currently in talks with Volkswagen with the aim of agreeing on a fix for nearly 600,000 diesel vehicles that emit up to 40 times legal pollution limits.

Read more here.

Photo by Reuters / Fabrizio Bensch: The charging plug of an electric Volkswagen Passat car is pictured at charging station at a VW dealer in Berlin, Germany.

Apple issues $1.5 billion in green bonds in first sale

By Valerie Volcovici, Reuters

Apple's 20-MW Maiden, N.C. solar farm. Credit: Apple

Apple’s 20-MW Maiden, N.C. solar farm. Credit: Apple

Apple has issued $1.5 billion in bonds dedicated to financing clean energy projects across its global business operations, the largest green bond to be issued by a U.S. corporation, the company’s head of environmental policy said Wednesday.

The Cupertino, California-based tech giant said proceeds from the green bond sales will be used to finance renewable energy, energy storage and energy efficiency projects, green buildings and resource conservation efforts.

Read more here.

ALSO OF POTENTIAL INTEREST
February 25th webinar: Corporate Renewables Procurement: America’s New Leading Source of Demand for Wind Power. Click here for details.

Rocky Mountain Institute: First-Time Buyers Are Dominating Corporate Renewable Purchasing, by David Labrador. Click image to enlarge it.

RMIBlog

Most Americans see combating climate change as a moral duty

By Bruce Wallace, Reuters

A significant majority of Americans say combating climate change is a moral issue that obligates them – and world leaders – to reduce carbon emissions, a Reuters/IPSOS poll has found.

The poll of 2,827 Americans was conducted in February to measure the impact of moral language, including interventions by Pope Francis, on the climate change debate. In recent months, the pope has warned about the moral consequences of failing to act on rising global temperatures, which are expected to disproportionately affect the lives of the world’s poor.

Read more.