enate Democrats introduced legislation yesterday that would extend a tax credit for residential renewable energy systems. The bill would extend by five years the Residential Energy Efficiency Property Credit, a financial incentive for homeowners that invest in clean energy technology that was put in place in 2006. The tax credit applies to residential rooftop solar systems, solar water heaters, geothermal pumps and small wind turbines but is set to expire at the end of 2016.
After months of hearings and discussion over more than a hundred bills, Senate Energy and Natural Resources Chairwoman Lisa Murkowski (R-Alaska) said today she anticipates her committee will begin marking up a comprehensive energy package next week. “We are pretty much on track,” she told E&ENews PM this afternoon. “We’re hoping we’ll be able to keep our schedule for markups next week and the following week. That’s the plan.” The committee will hold four markups over two weeks to meet Murkowski’s goal of completing the bill before the August recess. Each markup will focus on one of the four titles of the bill, which addresses infrastructure, supply, accountability and efficiency.
Online store Amazon said it has contracted Spanish utility Iberdrola to build and manage a wind farm in North Carolina, United States, to power its current and future cloud data centers. Amazon affiliate Amazon Web Services (AWS) said on Monday the wind farm would be operational by December of next year, putting it on track to surpass a goal for 40 percent its electrical grids to be powered by renewable energy by end-2016.
As diplomats try to piece together a complicated new global agreement to reduce greenhouse gas emissions, a sweeping new study out by the U.K. government today takes a hard look at what could happen if they fail. The worst-case scenario assessment of what a world in which global average temperatures climb far above the threshold considered safe warns of crop deterioration to in the midwestern United States, chronic water shortage along the Tigris-Euphrates River Basin, and 100-year flood events becoming 40 times more likely in Shanghai and 200 times more likely in New York.
The Australian government is blocking the country’s $7.4 billion renewable energy fund from investing in wind power. Officials in Prime Minister Tony Abbott’s government have instructed the country’s Clean Energy Finance Corp. to change its investment strategy and move away from wind power, Bloomberg Business reports.
Abbott said the fund should be “investing in new and emerging technologies and certainly not existing wind farms.” Abbott eventually wants to abolish the renewable energy fund altogether.
Sen. Martin Heinrich (D-N.M.) and Rep. Raúl Grijalva (D-Ariz.) today debuted legislation to open up renewable energy tax credits to Native American tribes. While the Senate scrambles to extend tax incentives for the expanding alternative energy sector, Heinrich and Grijalva offered their bills to give federally recognized Indian tribes access to breaks offered under Section 48 of the tax code. Tribes are cut out under the current system because they are not tax-liable entities, a requirement to receive the benefit.
“[A]s far as we know, all fossil fuel producers in the area served by the grid will be hurt equally and all renewable energy producers in the area will be helped equally,” he wrote. “If there’s any disproportionate adverse effect felt by out-of-state producers or any disproportionate advantage enjoyed by in-state producers, it hasn’t been explained to this court. And it’s far from clear how the mandate might hurt out-of-state consumers either.”
On a vast tract of old North Carolina farmland, crews are getting ready to build something the South has never seen: a commercial-scale wind energy farm. The $600 million project by Spanish developer Iberdrola Renewables LLC will put 102 turbines on 22,000 acres near the coastal community of Elizabeth City, with plans to add about 50 more. Once up and running, it could generate about 204 megawatts, or enough electricity to power about 60,000 homes. It would be the first large onshore wind farm in a region with light, fluctuating winds that has long been a dead zone for wind power.
he world’s largest developer of wind-energy farms has teamed up with online retail giant Amazon to build a major wind farm in coastal North Carolina. Amazon, which is building a network of wind farms and also testing Tesla storage batteries, announced the project Monday. The Amazon Wind Farm US East, to be built in Perquimans and Pasquotank counties, will power the online retailer’s cloud-computing division, Amazon Web Services, as part of a corporate goal of achieving energy sustainability.
The Obama administration on Friday urged the Supreme Court to reverse a lower-court ruling invalidating a major initiative to encourage reduced electricity consumption. Solicitor General Donald Verrilli argued in court documents that the federal appeals court ruling misread the Federal Power Act and that the Federal Energy Regulatory Commission deserves deference in its interpretation of the law. At issue is FERC’s 2011 Order 745, which requires grid operators to compensate electricity users for committing to not use power at peak times at the same rate as the operators purchase electricity from generators.