Renewable Energy Update 3.28.24

Allen Matkins
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RenewEnrgyUpd

Treasury issues clarifying guidance on IRA’s energy community bonus credit

Bullet Utility Dive – March 25

The U.S. Department of Treasury on March 22 issued guidance that further defined what qualifies as an “energy community” under the Inflation Reduction Act, clarifying where developers can site projects to qualify for the associated additional tax bonuses. Developers of projects located in energy communities “can receive a bonus of up to 10 percentage points on top of the Investment Tax Credit, and an increase of 10% for the Production Tax Credit,” Treasury said in a release.


News

CPUC approves Limited Generation Profiles for renewables to connect to California grid

Bullet PV-Tech – March 25

The California Public Utilities Commission (CPUC) has approved requests made by utilities in the state to allow solar and storage facilities to use Limited Generation Profiles (LGPs) to connect to the state’s grid without paying for grid infrastructure upgrades. An LGP is an energy export schedule that aims to manage the supply of electricity to the grid so that a grid’s hosting capacity, the amount of power it can accept from generation facilities, is not exceeded.


U.S. allocates $475M to build clean energy projects on mine sites

Bullet Power Engineering – March 25

The U.S. Department of Energy (DOE) has announced up to $475 million in funding for five clean energy projects to be deployed on current and former mine land, located in Arizona, Kentucky, Nevada, Pennsylvania, and West Virginia. The selected projects cover a range of clean energy technologies, from solar, microgrids, and pumped storage hydropower to geothermal and battery energy storage systems. Three of the five projects are on former Appalachian coal mines, supporting economic revitalization on land that is no longer viable for industrial purposes.


Projects

Interior Department proposes second Gulf of Mexico offshore sale

Bullet North American Windpower – March 20

The Department of the Interior has proposed a second offshore wind energy auction in the Gulf of Mexico, with the possible lease site including four areas offshore Louisiana and Texas, totaling 410,060 acres. With the proposed sale, the Bureau of Ocean Energy Management is seeking feedback on various aspects of the proposed lease areas, including size, orientation, and location.


Primergy signs solar+storage PPA with San Diego Community Power

Bullet Solar Industry Magazine – March 21

Primergy Solar has signed a long-term PPA for the full capacity of its 400 MW and 1.6 GWh BESS Purple Sage Energy Center with San Diego Community Power (SDCP). The center is located in Nevada, between Las Vegas and the California border. SDCP will receive renewable energy and attributes in a long-term power offtake agreement to begin at the project’s expected delivery start in 2027.


City of Lancaster approves Element’s California green H2 project

Bullet Renewables Now – March 21

The City of Lancaster Planning Commission has given the go-ahead to a project for a solar-powered green hydrogen production facility being developed by Element Resources Inc. The project envisages the installation of adjacent ground-mounted solar farms with a combined capacity of just above 650 MW to power the green hydrogen production.


Walmart in big new investment in clean energy

Bullet Chain Store Age – March 26

Walmart has made commitments that will enable the construction of nearly 1 GW of new clean energy projects across the country. The new investments will add to Walmart’s existing portfolio of more than 600 onsite and offsite renewable energy projects already in operation or under development in more than 10 countries. The strategic tax equity investment will drive the construction, operation, and maintenance of a diverse solar project portfolio across five states: Illinois, Colorado, Maryland, Delaware, and California.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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