Recent announcements in Florida and Texas have brightened the outlook for the U.S. solar market over the next five years. Unexpectedly rapid growth in solar markets like Florida and Texas is driving up expectations for U.S. solar installations, with Wood Mackenzie Power & Renewables now forecasting more than 13 gigawatts of capacity additions in 2019. […]
Another Wind PTC Extension? No Thanks, Many in Industry Say
The U.S. wind market is losing the main subsidy that’s fueled its spectacular rise to 100GW. Not everyone is sad to see it go. The wind production tax credit (PTC) is heading out the door, and many in the industry are content to wave goodbye. It might seem like a no-brainer for the U.S. wind […]
How the U.S. solar industry will weather the ITC phasedown
Utility solar is competitive with new gas plants across the U.S., and will increasingly be the lowest-cost option in key states for wind energy. The price of solar has come down so dramatically in the past few years that it is now competing with and beating generation sources across the board. “Despite the fact that […]
Duke Energy Renewables Sells 1.2GW Minority Interest in Wind and Solar Portfolio
The $1.25 billion deal with John Hancock will help fund Duke’s future capital growth and support its renewable energy business. Duke Energy Renewables, the competitive renewables arm of U.S. utility giant Duke Energy, has agreed to sell insurer John Hancock a minority share of its wind and solar portfolio, amounting to 1.2 gigawatts of generation […]
Duke Energy Renewables Sells 1.2GW Minority Interest in Its Wind and Solar Portfolio
The $1.25 billion deal with John Hancock will help fund Duke’s future capital growth and support its renewable energy business. Duke Energy Renewables, the competitive renewables arm of U.S. utility giant Duke Energy, has agreed to sell insurer John Hancock a minority share of its wind and solar portfolio, amounting to 1.2 gigawatts of generation […]
AWEA endorses energy storage ITC bill in Senate
Yesterday, Senators Heinrich (D-NM) and Gardner (R-CO) introduced bipartisan legislation to create an energy storage investment tax credit (ITC). It currently has 10 cosponsors representing a diverse collection of states. The legislation, labeled the Energy Storage Tax Incentive and Development Act, is a companion bill to legislation introduced by Rep. Doyle in the House last […]
‘Obvious benefits’ of ITC for energy storage could even meet Trump’s energy resiliency aims
A push to establish an Investment Tax Credit (ITC) for energy storage has not only been welcomed by clean energy advocates and the industry, but might also meet the some stated aims of the Trump administration’s energy policies, an analyst has said. Michael Doyle, a Democrat, has proposed in the US House of Representatives the […]
House Introduces Energy Storage Tax Credit Bill
Another attempt to earn federal tax credits for stand-alone storage, and a proposal to extend an even broader set of clean energy tax incentives. Amidst a flurry of energy and climate change legislation being introduced in the Democratic-controlled U.S. House of Representatives, this week saw lawmakers reintroduce a perennial attempt to add stand-alone energy storage […]
EIA Outlook 2019: The ‘Extremely Conservative’ Case for Renewables Growth
Outside analysts see better long-term growth prospects for wind, solar and electric vehicles than the projections offered up in the government report. The U.S. Energy Information Administration last week published the federal government’s annual long-term energy outlook report. Top-level items focused on the surging production of U.S. oil and natural gas, which the EIA expects […]
