As previously reported, the project was reviewed by more than a dozen state and federal agencies including U.S. Fish and Wildlife, Ohio EPA, and others. It has the support of many environmental groups, including the Sierra Club, the Environmental Defense Fund, and the Ohio Environmental Council. (Source: LEEDCo, Offshore Wind, 23 June, 2020)
Contact: LEEDCo, Dave Karpinski, Pres., (216) 241-9201, www.leedco.org
More Low-Carbon Energy News Lake Erie Energy Development Corp, LEEDCo, Offshore Wind,
Denmark plans to source 100 pct of its electric power from renewable energy by 2027, and to reduce emissions by 70 pct by 2030 from a 1990 baseline. (Source: WindPower, Various Trade Media, 22 June, 2020)
More Low-Carbon Energy News Copenhagen Infrastructure Partners, Offshore Energy Hub, Offshore Wind, Solar,
The two wind parks -- Las Vinas at 58.5 MW and Puelche with 85.5 MW -- are expected to generate sufficient energy for 230,000 homes and avoid 382,000 tpy of CO2 emissions -- when commissioned and online in June, 2021.
(Source: Enel Green Power Chile, PEI, 24 June, 2020) Contact: Enel Green Power Chile, James Lee Stancampiano, GM, +56 2 2847 9000,
More Low-Carbon Energy News Wind, Chile, Enel Green Power ,
The grants, which range from $9,875 to $219,896, will fund the installation of high-efficiency LED lights and energy-efficient windows in buildings operated by local governments and public schools. The grant money will come from a surcharge on electric bills paid by cities, parishes and other political subdivisions that receive their electricity from Entergy, SWEPCO and CLECO utilities. (Source: LPSC, PR, 23 June, 2020) Contact: LPSC, Gary Hobbs, 318-676-7464, 225-342-4999, email@example.com,
More Low-Carbon Energy News Energy Efficiency news, Energy Efficiency Funding news,
With the expansion, the facility will increase its production capacity to 353 MW, making it the province's largest wind farm.
(Source: Capital Power Corp., PR Global News, 23 June, 2020) Contact: Capital Power Corp., Brian Vaasjo, CEO, Randy Mah, Inv. Relations, 780-392-5305, www.capitalpower.com
More Low-Carbon Energy News Capital Power Corp, Wind,
Project construction is slated to get underway in Q3, 2021. (Source: Eni SpA, Zacks, 26 June, 2020) Contact: Asja Ambiente Italia, www.asja.energy; Eni SpA, www.eni.com
More Low-Carbon Energy News Eni SpA, Wind, Asja Ambiente,
Building Energy Experts' service improves energy efficiency and comfort, cuts home utility bills and helps protect the environment, according to the release.
As a participating contractor in the utility rebate program, Building Energy Experts received specialized training and is equipped with high-tech diagnostic tools to inspect buildings and determine where improvements are needed. Rather than focusing on a single problem, like an old heating or cooling system, not enough insulation in the attic, or leaky windows, Building Energy Experts look at how improvements throughout a home can work together to give homeowners the best results. Depending on the improvements selected by the homeowner, annual utility bill savings, improved comfort and better home air quality are possible.
(Source: Building Energy Experts, PR, 24 June, 2020) Contact: Building Energy Experts,
Anthony Stonis ,
firstname.lastname@example.org, www.buildingenergyexperts.com; ENERGY STAR, www.energystar.gov
More Low-Carbon Energy News Energy Efficiency, ENERGY STAR,
Thermal power production grew 9 pct year on year in May, while power generated by nuclear plants and wind farms grew 14.3 pct and 5.2 pct respectively. (Source: China National Bureau of Statistics , Xinhua, 20 June, 2020)
More Low-Carbon Energy News China Wind news, Wind news,
The three firms will finance the development phase of several floating offshore wind projects all of which will be based on Ideol's high-local-content technology
"JERA combines the strengths of the Tokyo Electric Power Group and the Chubu Electric Power Group, JERA can fulfill the public interest of providing internationally competitive energy to Japan while ensuring a strong position on the increasingly competitive international energy market," according to its website.
(Source: JERA, Website, 22 June, 2020) Contact: JERA, www.jera.co.jp/english
More Low-Carbon Energy News Ademe Investissement news, JERA news, Floating Wind news, Ideol news,
The expansion includes an additional 74 wind turbines totaling 400 MW at a cost of $281-million.
When fully on line, the 599-MW Cimarron Bend facility will be the largest wind facility in Enel's North American portfolio, according to the company.
(Source: Enel Green Power, PR, Renewables, 19 June, 2020) Contact: Enel Green Power, www.enelgreenpower.com
More Low-Carbon Energy News Enel Green Power, Wind,
Delaware first established a minimum statewide code for energy conservation in 1979. The code, which is based on standards set by the International Code Council (ICC) and the American Society of Heating, Refrigerating and Air Conditioning Engineers (ASHREA) was last updated in 2009.
The update includes a six-month transition period, during which the Division of Climate, Coastal and Energy will provide targeted training and technical assistance to the construction industry and code enforcement officials. Topics covered by the training will include an overview of the changes, practical compliance strategies, particularly for the building envelope requirements in the new energy codes, construction and design strategies for air sealing smaller homes, and hot water pipe insulation and HVAC duct design.
(Source: DNREC, Cape Gazette, June, 2020) Contact: DNREC Division of Climate, Coastal and Energy, www.dnrec.alpha.delaware.gov/climate-coastal-energy
More Low-Carbon Energy News Energy Efficiency, Building Energy, Energy Consumption, ASHRAE,
This alliance represents an important leap in compliance with the strategic framework of a sustainable and responsible company with the planet, which establishes that in 2025 all the electricity purchased will be 100 pct renewable and that its GHC emissions will be reduced to 50 pct. With this agreement, Vodafone Spain will meet 75 pct of its objective of supplying electricity acquired from renewable sources in 2021, beginning Jan. 2021. (Source: Iberdrola, PR, reve, 18 June, 2020) Contact: Vodafone, Ismael Asenjo, Dir., www.vodafone.com; Iberdrola, www.iberdrolarenewables.com
More Low-Carbon Energy News Iberdrola, Wind,
Printing a variable height base directly on-site with 3D-printed concrete technology will enable the construction of towers up to 150-200 metres tall, according to the release.
For the project, GE Renewable Energy will provide expertise related to the design, manufacture and commercialisation of wind turbines, COBOD will focus on the robotics automation and 3D printing and LafargeHolcim will design the concrete material, its processing and application. (Source: GE Renewables, World Cement, Various Media, 17 June, 2020) Contact: COBOD, Asger Dath, +45 2067 9535,
GE Renewable Energy , Matteo Bellucci, Advanced Manufacturing Leader, www.ge-energy.com; LafargeHolcim, www.LafargeHolcim.com
More Low-Carbon Energy News GE Renewable Energy, Wind Tower, LafargeHolcim,
Xcel would also speed up the planned repowering of four older wind farms with new turbines and other new equipment at a projected cost of $1 billion to $1.4 billion. The wind farm repowering, which hed been previously scheduled for the late 2020s, would allow Xcel to take advantage of federal tax credits.
Xcel would also be able to use federal tax credits for a 450-MW solar plant, which would cost up to $650 million and be located next to the company's coal-fired plant in Becker. Xcel had been planning to add 3,000 MW of new solar power on line 2026 through 2030 as its coal plants are shutdown.
Xcels' push to advance its renewables projects is in response to the Minnesota PUC's call for the state's electric and gas utilities to "assist in Minnesota's economic recovery from the COVID-19 pandemic."
(Source: Xcel Energy, Star Tribune, June, 2020) Contact: Xcel Energy, Christopher Clark, Pres. for Minnesota and the Dakotas, www.xcelenergy.com
More Low-Carbon Energy News Xcel Energy, Wind, Renewable Energy, solar,
When fully operational the two OSPs will each receive electricity generated by the wind farm's 90 MHI Vestas V164-9.5MW turbines. The first power is expected early next year. (Source: Innogy, renews, Others, 16 June, 2020) Contact: Innogy, Julian Garnsey, Project Dir., www.innogy.com
More Low-Carbon Energy News Offshore Wind, Triton Knoll, Innogy,
Orion Wind Power Resources is a joint venture between Oakland, California-based Orion Renewable Energy Group LLC and MAP® Energy.
With this acquisition, Pattern Energy now has more than 4,000 MW of New Mexico wind in development, representing more than $8 billion of planned investments.
(Source: Pattern Energy Group, PR, 16 June, 2020)
Contact: Orion Renewables, 510.267.8921, email@example.com, www.orionrenewables.com; MAP Energy, (650) 324-9095, firstname.lastname@example.org; Pattern Energy, Mike Garland, CEO, Matt Dallas, Media, 917-363-1333, email@example.com, www.patternenergy.com
More Low-Carbon Energy News Pattern Energy, Wind, Orion Renewable Energy ,
HECO is seeking parcels as small as one acre and rooftops with at least 3,200 square feet of usable space for future development of grid-scale wind, solar and community solar projects. The location should be reasonably flat and sunny and can include open space of any kind, including large parking lots that could be covered with a shading roof of solar panels.
The RFI may be viewed and responded to at www.hawaiianelectric.com/landRFI
Responses are requested by July 12, 2020. (Source: HECO, PR, 15 June, 2020) Contact: HECO, Jim Alberts, Snr. VP Strategic Planning and Business Development, Shelee Kimura, VP Bus. Dev., (808) 543-7780, firstname.lastname@example.org, www.hawaiianelectric.com
More Low-Carbon Energy News Hawaiian Electric Company, HECO, Renewable Energy, Wind, Solar Hawaii Renewable Energy,
Deliveries are slated for Q3 this year for installation and commissioning in Q4, 2021. (Source: Vesta, PR, Offshore News, 16 June, 2020)
Contact: KGAL Investment Management, Ursula
Schwarz, Communications, ursula.schwarz(at)kgal.de, www.kgal.de/en; Vestas, +45 97 30 00 00, email@example.com, www.vestas.com
More Low-Carbon Energy News Vestas, Wind Turbine,
The project is the MASDAR's second utility-scale renewable energy project in Uzbekistan, which is aiming to develop 5-GW of renewable energy by 2030. (Source: MASDAR, Mercon India, 13 June, 2020)
Contact: MASDAR, +971 2 653 3333, www.masdar.ae; European Bank for Reconstruction and Development, www.ebrd.com
More Low-Carbon Energy News MASDAR, Wind, European Bank for Reconstruction and Development,
The facility incorporates four, 3.6 MW turbines to generate close to 48 GWh per year for 15,000 homes and prevents 31,800 tpy of CO2 from entering the atmosphere. (Source: Enel Green Power Spain, PR reve, 12 June, 2020) Contact: Enel Green Power, www.enelgreenpower.com › country-spain
More Low-Carbon Energy News Enel Green Power, Spain, Wind,
The report estimates that up to 85 pct of this decarbonization potential will come from offshore wind. 1,400 GW of offshore wind would power one-tenth of global electricity demand while saving over 3 billion tpy of CO2 -- equal to taking 800 million cars off the road.
OREAC is spearheaded by Orsted and Equinor, and includes other major players in the global offshore wind industry: CWind, Global Marine Group, JERA, MHI Vestas, MingYang Smart Energy, Mainstream Renewable Power, Shell, Siemens Gamesa Renewable Energy, TenneT, and GE Renewable Energy. Additional partner organisations include Global Wind Energy Council, World Resources Institute, UN Global Compact, the Chinese Wind Energy Association and Ocean Energy Systems.
Download the OREAC The Ocean as a Solution to Climate Change report HERE. (Source: OREAC, PR, reve, June, 2020) Contact: OREAC, www.oceanrenewable.com
More Low-Carbon Energy News Ocean Renewable Energy Action Coalition, Ocean Energy, Renewable Energy, Wave Energy, Tidal EnergyCarbon Emissions, Climate Change,
Energy Efficiency Alberta received funding from a provincial carbon tax on gasoline and heating fuels. The agency issued initiatives and rebates on everything from solar panels to energy-efficient appliances, windows, insulation, LED light bulbs and low-flow shower heads.
The rebates were cancelled last fall. (Source: Office of Alberta Environment Minister Jason Nixon , JWN, Canadian Press, 12 June, 2020)
Contact: Alberta Environment Minister Jason Nixon, 780-427-2711, www.alberta.ca/minister-of-environment-and-parks.aspx
More Low-Carbon Energy News Energy Efficiency Alberta, Energy Efficiency ,
The offshore wind program could help Scotland meet a net-zero by 2045 future, deliver more than enough green electricity to power every Scottish household , save six million tpy of CO2 and be worth more than £8 billion, according to the release. ScotWind Leasing details are available from Crown Estates Scotland.
(Source: Crown Estates Scotland, The National, June, 2020) Contact: Crown Estate Scotland, www.crownestatescotland.com
More Low-Carbon Energy News Scotland Offshore Wind,
Yllikkala Power Reserve One will help grid operator Fingrid by supplying fast-acting frequency regulation services to Finland's national electricity system.
The plant will be sited in the south-east of Finland, near the city of Lappeenranta. Finland is targeting carbon neutrality at a national level by 2035. (Source: Neoen, Energy Storage, 10 June, 2020) Contact: Neoen, www.neoen.com
More Low-Carbon Energy News Neoen news, Energy Storage news, Battery news,
CSSC's subsidiary Haizhuang Windpower has manufactured wind turbines and invested in wind farms since 2004.
Eleon AS develops and manufactures multi-megawatt class wind turbines using patented technology that provides a substantial competitive edge in the construction of both land and offshore wind farms, according to the release. (Source: Eleon AS, err.ee, 10 June, 2020) Contact: Eleon AS, +372 5839 8522, www.eleon.ee; CSSC, firstname.lastname@example.org,
+86-10-68038833, Fax: +86-10-68034592, www.en.cssc.net.cn
More Low-Carbon Energy News Eleon news, Wind Turbine news,
The 100 MW project is expected to come online before the year end when it will supply Kenya Power and Lighting company with sufficient energy for more than 40,000 area homes under the terms of a 20-year PPA. (Source: Kipeto Energy Plc, PR, Website, Contact: Kipeto Energy Plc, +254 020 7803820 /+254701177541, email@example.com,
More Low-Carbon Energy News Wind, Africa Wind,
The company's plan is to use the lightweight turbines to plug into existing telecommunications infrastructure, enabling rapid setup of turbines in hard-to-service locations.
The funding will be used to cover the cost of new full-time staff and to scale up production. (Source: Diffuse Energy, Website, June, 2020) Contact: Diffuse Energy, Joss Kesby, CEO, firstname.lastname@example.org, www.diffuse-energy.com
More Low-Carbon Energy News Wind Turbine news, Australia Wind news,
With this agreement, Vestas' service portfolio of Senvion turbines in Australia stands at 287 MW, and to over 300 MW across the Asia Pacific region.
EDL Energy owns and operates a portfolio of 99 power stations in Australia, North America and Europe.(Source: Vestas, PR, 8 June, 2020)
Contact: Vestas, www.vestas.com; EDL Energy, James Harman, CEO, Phone: +61 7 3275 5555, (517) 208-0743 -- US Office,
Fax: +61 7 3275 5512,
More Low-Carbon Energy News Vestas, EDL Energy, Wind Turbine, Senvion,
Since its founding a decade ago, Solaque has completed acquisitions with an aggregate value of PLN 2 billion ($507.4 million).
(Source: Solaque Holding, ICLG, 8 June, 2020) Contact: GEO Renewables, Solaque Holding, +22 378 29 00,
+22 378 22 39 - fax, email@example.com, www.georenewables.pl
More Low-Carbon Energy News GEO Renewables, Wind, Wind Poland,
SSE Renewables will now commence a development programme for the O&M base, including entering discussions with Wicklow County Council in the coming months to agree updates to existing lease agreements, and applying to the local authority in early 2021 for planning permission for the purpose-built complex. (Source: SSE Renewables, PR, 8 June, 2020) Contact: SSE Renewables, Barry Kilcline, Director of Development, www.sse.com
More Low-Carbon Energy News SSE Renewables, Offshore Wind,
To future meet its goals, National Grid is also: reducing SF6 emissions used in electrical equipment and swapping for alternatives; increasing energy efficiency; moving to renewable energy sources; researching the potential of hydrogen and renewable natural gas; and promoting similar actions among its supply chain and communities, targeting indirect emissions in particular.
In the US, National Grid it is working with customers to improve energy efficiency, investing in future energy systems through National Grid Partners, and supporting both solar and wind developments through Geronimo Energy. (Source: National Grid, PR, Energy Insider, 9 June, 2020) Contact: National Grid,
John Pettigrew, CEO, www2.nationalgrid.com
More Low-Carbon Energy News National Grid, Carbon Emission, UNFCCC,
The DTU Bioengineering scientists contend that Denmark can become a market leader if there is a high production of the particular enzymes.
According to the researchers,
200 tonnes of the enzyme can capture one million tpd of CO2.
A new technology needs to be developed to produce enzymes on a large scale, the DTU release notes.
(Source: DTU Bioengineering , CPH Post, 6 June, 2020) Contact: DTU Bioengineering, (+45) 4525 2600 , firstname.lastname@example.org, www.bioengineering.dtu.dk
More Low-Carbon Energy News Methanol, Carbon Capture, CO2,
The 12 awards totaling $10.3 million will support a variety of research areas, including comprehensive U.S. supply chain analyses, studying the impacts of offshore wind on the electric grid system and innovations in anchoring structures. The awarded projects include:
As the first federally-funded public-private partnership focused on advancing offshore wind technology in the U.S., the Consortium supports the cost-effective and responsible development of offshore wind to maximize the economic benefit to the country.
Virginia, Massachusetts and Maryland also contribute to the Consortium's funding. NYSERDA administered the initial solicitation on behalf of the Consortium.
(Source: National Offshore Wind Research and Development Consortium, PR, JUne, 2020) Contact: National Offshore Wind Research and Development Consortium, Carrie Cullen Hitt, Exec. Dir., www.nationaloffshorewind.org
More Low-Carbon Energy News National Offshore Wind Research and Development Consortium, Offshore Wind, Wind,
Under the program, qualifying homes receive an energy audit to determine the most cost-efficient measures. Common improvements include installing extra insulation in the attic, walls and floor; sealing air leaks around doors and windows; repairs or tune-ups for air conditioning and heating units; and replacing incandescent light bulbs with high-efficiency bulbs.
The grants, which are administered by the Alabama Department of Economic and Community Affairs, are drawn from funds made available by the U.S. Department of Energy. (Source: Alabama Gov. Kay Ivey, PR, 8 June, 2020) Contact: Governor Kay Ivey, governor.alabama.gov; Alabama Department of Economic and Community Affairs, adeca.alabama.gov
More Low-Carbon Energy News Energy Efficiency news, Weatherization news,
The order was sanctioned by the Wind Energy Development Fund, a joint fund by Russian innovation development institution RUSNANO, and Finnish energy company Fortum.
(Source: Vestas, PR, Various Media, June, 2020) Contact: RUSNANO, en.rusnano.com; Vestas, +45 97 30 00 00, email@example.com, www.vestas.com
More Low-Carbon Energy News Vestas, Wind Turbine, RUSNANO,
Offshore Wind California members include Aker Solutions, Avangrid Renewables, Equinor, Magellan Wind (which has a Joint Development Agreement with Copenhagen Infrastructure Partners), Mainstream Renewable Power, Northland Power, Orsted, Principle Power, Pacific Ocean Energy Trust, and Smultea Sciences.
(Source: Naval Energies, PR, 4C Offshore, 8 June, 2020) Contact: Naval Energies, +33 2 40 84 85 00, Laurent Schneider-Maunoury, Pres., www.naval-energies.com; Offshore Wind California, Adam Stern, Exec. Dir., (510) 681-4483, adam.stern@offshorewindCA.org, www.offshorewindca.org
More Low-Carbon Energy News Offshore Wind California news, Offshore Wind news,
"And at today's interest rates, it's an economic no-brainer for governments and companies to invest in a long-term programme of clean generation and green infrastructure to support ... number one, the replacement of fossil fuel-burning cars and vans with electric vehicles and ... number two, a move away from gas heating.
"These are the two big things that need to start happening at scale over the next decade or so if we're going to have any hope of meeting our Net Zero targets." -- Keith Anderson, CEO, Scottish Power, June, 2020
More Low-Carbon Energy News Scottish Power, Renewables, Renewable Energy,
AC Energy will hold a 50-pct voting stake in both projects through wholly-owned subsidiary AC Energy Vietnam Investments 2 Pte. Ltd. (Source: Ayala, PR, Manila Standard, 8 May, 2020) Contact: Ayala Corp., +632 7908 3000, +632 8848 5864 – fax, firstname.lastname@example.org, www.ayala.com.ph
More Low-Carbon Energy News Ayala, Wind, Vietnam Wind, Vestas,
The additional investment would boost the company's renewable energy capacity from 20 pct to 25 pct of the group's total capacity. (Source: TEPCO Renewable Power, PR, Reuters, 8 June, 2020) Contact: TEPCO Renewable Power, www.tepco.co.jp/en/rp/index-e.htm
More Low-Carbon Energy News TEPCO, Renewable Energy,
The 752-MW offshore wind farm is expected to be completed this year. (Source: DEME Group, Offshore, 2 June, 2020) Contact: DEME Group, +32 3 250 52 11, email@example.com,
www.deme-group.com; Orsted, Flemming Thomsen, Senior Programme Director, Borssele 1 & 2, +45 99 55 97 22, www.orsted.com
More Low-Carbon Energy News Borssele, Orsted, Offshore Wind ,
The 50 MW GOFIO wind farm Southeast of the Island of Gran Canaria incorporates four 12.5 MW marine wind turbines to generate sufficient energy for as many as 70,000 homes while avoiding 140,000 tpy of CO2 emissions, according to the company release.
(Source: Greealia, PR reve, 3 June, 2020) Contact: Greenalia, +34 902 905 910, firstname.lastname@example.org, www.greenalia.es
More Low-Carbon Energy News Floating Wind, Greenalia,
To that end, the two firms
recently inked a Joint Bidding Agreement to enter into a full-scale feasibility study jointly undertaken by the two companies for the offshore wind power project planned off the coast of Yurihonjo City, Akita Prefecture.
(Source : RWK Renewables, Strategic Research Institute, SteelGuru, 4 June, 2020) Contact: RWE Renewables Japan GK, www.group.rwe/en/the-group/countries-and-locations/rwe-renewables-japan; Kyuden Mirai Energy, email@example.com, www.q-mirai.co.jp
More Low-Carbon Energy News RWE Renewables news, Offshore Wind news, Japan Offshore Wind news,
More Low-Carbon Energy News RWE Renewables, Offshore Wind, Japan Offshore Wind,
EDFR integrates siloed data streams from multiple turbine technologies, fitted with different condition monitoring system (CMS) hardware and other relevant data stream inputs. Onyx will combine these data streams into a cloud-based solution that allows wind turbine monitoring on a series of dashboards enabling transparency and more streamlined processes.
As part of the technology rollout, several large wind farms will be fitted with ecoCMS, Onyx InSight's advanced sensing technology that collects triaxial acceleration and temperature data for expanded coverage of the turbine drivetrain.
In parallel with the predictive maintenance implementation, the companies have also entered into an engineering services agreement whereby Onyx InSight will provide additional resources for improving turbine operations. (Source: EDF Renewable North America, RenewableEnergy, 4 June, 2020) Contact: EDF RE, www.edf-re.com; Onyx InSight, +44 (0)115 648 0466, firstname.lastname@example.org, www. onyxinsight.com
More Low-Carbon Energy News EDF Renewables North America news, Wind news, Onyx InSight news,
Project commissioning is scheduled in 2023. When fully online the project is expected to generate sufficient power for 770,000 people.
The project is estimated to cost €2 billion, the majority of which will be financed through non-recourse project level debt. The Fecamp offshore wind farm has a 20-year power purchase agreement (PPA) granted by the state in June 2018.
(Source: Enbridge Inc., June, 2020) Contact: EDF Renewables, Manon de Cassini-Herail,
+33 (0)1 40 90 48 22, email@example.com,
Enbridge, Mandy Dinning, (888)992-0997, John Whelen, EVP, CDO, www.enbridge.com;
wpd AG, Alison Aguile,
More Low-Carbon Energy News Enbridge, EDF Renewables, wpd, Offshore Wind,
The mega renewables project has been in the planning stages since 2014 and was revealed in 2017 as a 6-gigawatt hybrid plant. Since then, the proposed facility's generation capacity has been scaled up to 9, 11 and as of 2019, 15 GW.
The original plan was for the project to export clean electricity to Jakarta and Singapore via sub-sea high voltage DC cables, but the focus has shifted to domestic industrial users, with more than half the output allocated to the Pilbara region. (Source: Asian Renewable Energy Hub, Construction Review OnLIne, 30 May, 2020) Contact: Asian Renewable Energy Hub, firstname.lastname@example.org, www.asianrehub.com
More Low-Carbon Energy News Renewable Energy news, Green Hydrogen news,
Neither of these new credits is subject to a limitation on the number of metric tons of qualified carbon oxide captured. The new law also expanded carbon capture to include "qualified carbon oxide". Prior to the change in law, carbon capture was limited to a total of 75,000,000 metric tons of qualified carbon oxide.
The proposed regulations address procedures to determine adequate security measures for the geological storage of qualified carbon oxide, exceptions to the general rule for determining who the credit is attributable to, procedures for a taxpayer to make an election to allow third-party taxpayers to claim the credit, standards for measuring utilization of qualified carbon oxide and rules for credit recapture.
In Notice 2020-12, the IRS provides guidance to help businesses determine when construction has begun on a qualified facility or on carbon capture equipment that may be eligible for the carbon capture credit. This notice provides broad guidance in lieu of taxpayers requesting private letter rulings in this area.
In Revenue Procedure 2020-12, the IRS creates a safe harbor for the allocation rules for carbon capture partnerships similar to the safe harbors developed for partnerships receiving the wind energy production tax credit and the rehabilitation credit. The safe harbor simplifies the application of carbon capture credit rules to partnerships able to claim the credit. (Source: US IRS, US Treasury Dept., MyChesCo, 30 May, 2020)
More Low-Carbon Energy News Carbon Oxide, Carbon Monoxide, CO2, Carbon Capture, CCS, Carbon Credit,
Work will begin by developing a 10-year power use forecast for the current UIPA jurisdictional land that identifies how much power is needed, followed by a renewable energy generation and storage forecast to serve as a roadmap for future action that includes resource type (wind, solar, battery, renewable energy credits, etc.), resource size (in megawatts), and capital.
Additional agreements and approvals on specific projects are anticipated as this work goes forward.(Source: Utah Inland Port Authority
, KUTV, 17 May, 2020)
Contact: Utah Inland Port Authority, Jack Hedge, Executive Director, www.utahinlandport.org; Rocky Mountain Power, Gary Hoogeveen, Pres., CEO, (800) 222-4335, www.rockymountainpower.net
More Low-Carbon Energy News Rocky Mountain Power, Energy Eficiency, Renewable Energy,