This report is the second in its series following the Karbone Research Report titled “Tax Equity in the Time ofRead More
A New Fron-Tier: PA Tier II REC Prices Rise Above Tier I
From the start of 2021, PA Tier II REC prices increased nearly 200%, — and even more remarkably, PA TierRead More
RPS Giveth and RPS Taketh: PJM Tier I REC Prices Rise Amid Potential MD and OH RPS Changes
In the last month, Tier I REC prices have rallied from around $11.00 in the beginning of January up toRead More
2020 Blows Wind Records Away, but Only a Light Breeze in REC States
Despite the endless list of uncertainties in 2020, the renewable energy industry has largely remained on course for growth. TheRead More
The “Lone Star” of Green-e: ERCOT as a Driver in 115% REC Price Increase
Green-e Prices Climb as Voluntary Demand Continues to Increase While REC markets have been volatile amid the COVID-19 throes ofRead More
Virginia Targets 100% Clean Energy as it Weathers the COVID-19 Storm
Virginia is the newest state within the PJM RTO to establish a mandatory RPS target, and the Old Dominion state is aiming high with a goal of 100% renewable energy by 2050 under the Clean Economy Act (HB 1526/HB 851). Governor Ralph Northam signed the bill on April 12, 2020, just 6 months after his 43rd Executive Order which set the wheels in motion for a plan to reach the 100% renewable energy target.
SMART Enough? Impact of Declining Incentives on Project Values & IRR
On September 26, 2018, Massachusetts approved a much anticipated solar program that radically transitions solar incentives away from the SREC market and towards a structure akin to a feed-in-tariff regime, dubbed the Solar Massachusetts Renewable Target (SMART) program.
Offshore Wind to Increase Competition over Tax Equity?
With increased competition and looming deadlines, Karbone discusses the tax equity market and its outlook in the following report.
Additionality in Low Impact Hydro
The desire to provide “Additionality” has been a major driver of new corporate demand for renewable energy procurement in recent years. Citing several Low Impact Hydro Institute (LIHI) Certified projects as reference cases, Karbone has constructed this research piece to illustrate the types of opportunity available to Corporate purchasers who are seeking to have a greater impact on the status quo and who are not limited to “New-Build-Only” Additionality.
NEPOOL Market Update
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.