On June 15, 2023, the Government of British Columbia announced BC Hydro was proceeding with a call for new sources (the Call to Power) of 100 percent clean, renewable emission-free electricity from large-scale projects,...more
According to its Electricity Supply Plan 2023-2032 submitted to the Régie de l'énergie at the end of 2022, Hydro-Québec expects growth in electricity demand to continue in Quebec in the next decade by an additional 25...more
Pursuing and developing clean, renewable energy continues to play an important role in economic development momentum across the U.S. As states across the Southeast continue to grow their energy independence by prioritizing...more
Kaua‘i Island Utility Cooperative to Develop Solar + Pumped Storage Hydro Project - On 7 January 2021, Kaua‘i Island Utility Cooperative (KIUC) signed agreements with The AES Corporation (AES) for the development,...more
Environmentalists and dam operators, at war for years, start making peace - The New York Times – October 13 - The National Hydropower Association and several environmental groups announced an agreement this Tuesday to...more
U.S. sitting on 145 GW of unused commercial solar potential, according to new Wood Mackenzie study - Bullet Greentech Media – August 10 - Wood Mackenzie is forecasting a 32 percent drop in commercial solar...more
Recent Renewable Energy Developments in Latin America - The renewable energy market in Latin America is booming, and the region’s natural resources make it one of the most attractive areas in the world for investment....more
On May 27, 2020, the IRS issued Notice 2020-41, which responds to industry-wide supply chain disruptions due to the COVID-19 pandemic by giving renewable energy developers additional time to complete their projects. Most...more
On May 12, 2020, the US Internal Revenue Service (IRS) released a notice providing the inflation-adjustment factors and reference prices for the calculation of renewable electricity production tax credits (PTCs) under...more
ASEAN: An Economic Powerhouse - The combined gross domestic product (GDP) of the 10 member states of the Association of Southeast Asian Nations (ASEAN) stands at $2.8 trillion—equivalent to ranking fifth in the world’s...more
The United States Energy Information Administration (“EIA”) issued a February 26th report titled: Wind Has Surpassed Hydro as Most-Used Renewable Electricity Generation Source in U.S. (“Report”) - The Report states...more
On December 20, 2019, the President signed the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (the “Act”), which extends the current production tax credit (PTC) for wind for an additional year. The Act extends the...more
The world will get half its power from wind, solar by 2050 - Nearly half the world’s electricity will come from renewable energy by 2050 as costs of wind, solar and battery storage continue to plummet. That titanic...more
Senegal takes delivery of wind turbines for its first large-scale wind farm' - Last week, Vestas wind turbines and components arrived at Port Autonome de Dakar for West Africa's first large-scale wind farm. ...more
IEA says world cannot "press pause" on renewables, as capacity growth stalls - The International Energy Agency (IEA) has expressed concern over the “unexpected flattening” of renewable-energy capacity additions in 2018,...more
Investec’s ZAR 1bn fund to buy up stakes in South African green power projects - The investment vehicle, set up with UK Climate Investments, wants equity in operating renewable energy projects....more
SA’s energy vision for 2030: Jeff Radebe releases the details in long-awaited IRP - The long-awaited Integrated Resource Plan (IRP) envisages the energy mix in 2030 will consist of almost half coal power, with gas and wind...more
As sustainability has moved up the agenda across the globe, politicians, investors, corporates, and multinational funding bodies have taken note. In the public sector, governments and intergovernmental organisations have...more
Federal Tax Incentives for Renewable Energy and Energy Efficiency - Federal business income tax credit for renewable electricity production - A. GENERAL DESCRIPTION. The Federal Internal Revenue Code provides a business...more
Weekly projects and energy updates in South Africa Eskom sticks on price for renewables The standoff between the Department of Energy and power utility Eskom looks set to continue for a while, with both sides digging in on...more
The U.S. Department of Energy's (DOE) Office of Indian Energy Policy and Programs issued a funding opportunity announcement (FOA) on Nov. 15, 2016, to deploy funds for clean energy and energy efficiency projects in Indian...more
Morocco is currently implementing important changes to its energy mix, which may provide interesting opportunities in the LNG sector. This article presents a brief overview of the origin of the national development plan for...more
On May 5, 2016, the IRS released Notice 2016-31, which provides additional guidance on the “start of construction” requirements for the production tax credit (PTC) and investment tax credit (ITC) in lieu of the PTC. Notice...more
The IRS recently issued Notice 2016-31, providing further guidance regarding the “beginning of construction” requirement for the production tax credit (PTC) under Section 45 of the Internal Revenue Code and the investment tax...more
The IRS recently released Notice 2014-46 (the Notice) which provides welcome guidance to tax equity investors and developers on the construction of wind, geothermal, biomass, landfill gas and certain hydropower and marine...more