NEPOOL Market Update

Ali Shajrawi, Liam Brooks Market Research Briefs

There has been continued year-on-year supply growth in the NEPOOL Class I REC market across all states and almost all technologies. The following report explores the resulting supply and demand fundamentals as well as the potential impact of recent policy announcements on this particular market.

Will Offshore Wind Blow the Competition Away in the U.S. Fuel Mix?

Ali Shajrawi, Liam Brooks Market Research Briefs

Declining costs and increasing efficiency are the two main catalysts driving offshore wind deployment globally, but development in the U.S. has been limited. In part, this is due to the lack of domestic supply chain for most offshore wind project components as well as an unclear understanding of the economic value of the technology and its competitiveness in comparison to alternative onshore renewable resources.

Nonetheless, a number of states have recently established mandates to procure energy from offshore wind projects, aiming for a diversified zero emissions energy portfolio. This report offers a glance into several different state’s offshore wind programs.

The Future is Bright for Pennsylvania Solar: 15 Strategies to Reach 10% by 2030

Ali Shajrawi, Liam Brooks Market Research Briefs

On July 10, Pennsylvania’s Department of Environmental Protection (DEP) released Finding Pennsylvania’s Solar Future, a draft plan illustrating various policy strategies to accomplish the state’s target to fulfill 10% of electricity consumption from in-state solar generation resources by 2030. The following report provides a summary of the options proposed in the plan.

U.S. Renewable Energy Monthly Policy Round-up

Ali Shajrawi, Liam Brooks Market Research Briefs

The following report provides a monthly summary of proposed and recently enacted legislative and regulatory policy affecting the renewable energy markets in the United States. It also serves as the first iteration of a Karbone renewable energy policy commentary series. The series will be updated regularly on a monthly basis.

Ohio Buck(eye)ing the Trend? New Proposal to Weaken RPS

Ali Shajrawi, Liam Brooks Market Research Briefs

Last week, the Senate introduced a revised version of HB114, maintaining the RPS mandate but reducing the non-solar requirement to 8.5% and solar requirement to 0.34% by 2022, and keeping it as such before ending the program entirely in 2027. HB114 also loosens the siting requirements for wind projects, seeking to invite investors back to developing in OH.

New Jersey Governor Signs A3723: Bill to Increase RPS Obligation in Becomes Law

Ali Shajrawi, Liam Brooks Market Research Briefs

Today, May 23, 2018, New Jersey Governor Phil Murphy finally signed Bill A3723, new legislation to support the states’ renewable energy market. The bill originally passed both houses on April 12th after initially being introduced on March 22nd. Broadly endorsed by clean energy advocates, the legislation ramps up SREC and Non-Solar Class I REC obligations with ambitious targets through the course of the next decade.