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.
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.
With increased competition and looming deadlines, Karbone discusses the tax equity market and its outlook in the following report.
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.
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.
The following report provides a summary of proposed and recently enacted legislative and regulatory policy affecting the renewable energy markets in the United States.
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.
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.
Last week, the Massachusetts Department of Energy Resources (DOER) reported a correction in its calculation for the 2018 SREC-II Compliance Obligation and Minimum Standard. Karbone details the correction in the following report.
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.