Solar
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Renewables
Sumitomo, CEP Solar Form JV for Renewable Energy in Virginia
Japan’s Sumitomo Corp and Perennial Power Holdings Inc., a subsidiary of Sumitomo Corp. of Americas, have set up a joint venture with Virginia-based CEP Solar LLC to deliver renewable energy projects across Virginia. The companies said the JV will provide support for the state’s energy supply, in part to help with power demand from Virginia’s […]
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Commentary
How the Presidential Election Could Impact Renewable Energy Tax Credits
President Biden signed the Inflation Reduction Act (IRA) into law in 2022. The IRA is the largest public investments in renewable energy in American history and created more than 20 different tax incentives for renewable energy and related manufacturing. Certain Republic politicians have directed vitriol at the IRA. However, even if Republicans win the White […]
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Renewables
Clearway Starts Construction on Texas Solar and Storage Projects
California-based Clearway Energy Group said it has closed financing and started construction of standalone solar and energy storage projects in Hopkins County, Texas. The company on October 2 said the 300-MW Pine Forest solar and 200-MW Pine Forest storage installations represent a $665 million investment. Dell Technologies has agreed to buy much of the electricity […]
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Solar
New Legislation Would Expand Access to Community Solar
A New Mexico senator has introduced a bill that would support community solar projects and help expand access to solar energy across the U.S. Sen. Ben Ray Luján (D), considered a champion for advancing clean energy through community solar, on October 1 introduced the Community Solar Consumer Choice Act. Rep. Kathy Castor (D-FL) introduced companion […]
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Gas
Diversification Key to Finland’s Goals Around Energy and Environment
Finland has a diversified energy mix, comprised mostly of renewable energy resources and nuclear power. Recent power generation project announcements highlight this diversification, which has led to industry
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Commentary
The Renewables Revolution: Overcoming New Roadblocks
Singapore stands at a pivotal juncture in its journey toward sustainability, with renewable energy (RE) emerging as a beacon of hope in the fight against climate change. Post-COP 28, many countries, including
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Solar
Space-Based Solar Power for U.S. Energy Independence
Space-based solar power (SBSP) could prove transformative to global energy demand by providing price-efficient, continuous clean energy from orbit (Figure 1). Recent developments, including low-cost space access, mass-produced satellites, robotics, and other commercial-led innovations, will unlock this capability within the next 10 to 20 years. While both U.S. allies and adversaries are rapidly advancing their […]
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Solar
Understanding the Domestic Content Bonus Credit and How to Maximize Incentives for Solar Projects
In May, the U.S. Department of the Treasury and IRS released additional guidance on the Inflation Reduction Act’s (IRA’s) domestic content bonus, part of President Biden’s economic strategy to boost American manufacturing, and iron and steel production. The domestic content bonus credit is available to taxpayers that certify their qualified facility, energy project, or energy […]
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Solar
VPPA Deal Signed for Illinois Solar Project
BayWa r.e. Americas has signed an aggregated virtual power purchase agreement (VPPA) with several groups for a renewable energy project in Illinois that is designed to support decarbonization efforts in the region. The deal announced September 26 includes Sustainability Roundtable (SR) Inc.’s Net Zero Consortium for Buyers (NZCB), along with Akamai Technologies, Teradyne, and Wayfair […]
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Solar
Construction Begins on New York City’s Largest Solar Array, Covering Terminal Roof at JFK Airport
More than 13,000 solar panels will be installed on the roof of the New Terminal One project at John F. Kennedy International Airport (JFK) in New York City. The consortium chosen to build the project, led by AlphaStruxure, on September 24 said construction is underway. The announcement came Tuesday during Climate Week NYC, an annual […]