California currently deploys almost 35 GW of renewable energy but expects another 148 GW of renewables will be needed to meet the state’s overarching 2045 clean energy goals. To fill this gap, California expects offshore wind...more
7/26/2024
/ California ,
Clean Energy ,
Infrastructure ,
Investment ,
Offshore Wind ,
Popular ,
Procurement Guidelines ,
Proposed Guidance ,
Public Utility ,
Renewable Energy ,
Transmission Planning
On November 22, 2023, the Internal Revenue Service and Treasury Department released proposed regulations (the Proposed Regulations) relating to the investment tax credit (the ITC) under Section 48 of the Internal Revenue Code...more
The offshore wind industry now has California’s answer to a pressing concern—how might the state procure this generation resource? California Governor Gavin Newsom recently signed a suite of bills that create a mechanism for...more
Many east coast states procuring offshore wind are now pivoting towards tackling the difficulties of interconnecting this significant resource. While some states, like New Jersey and New York, are working independently to...more
California’s updated planning goals for offshore wind: between 2 to 5 GW by 2030 and 25 GW by 2045. The California Energy Commission (“CEC”) formally adopted the foregoing planning goals pursuant to its obligations under...more