New decree implements RED II Directive, puts focus on renewables

1 Introduction Legislative Decree 199/2021 (Decree), which implements EU Directive 2018/2001 on the promotion of the use of energy from renewable energy sources (RED II) has been published in the Italian Official Gazette and entered into force on December 15, 2021. The legislative process for adoption of the Decree was difficult, which led to a breach of the deadline, set forth by RED II as June 30, 2021. Nevertheless, the Decree offers important…

Renewable Energy Update 12-9-2021

Renewables made up 87.6% of new electrical generating capacity for first 3 quarters of 2021 By Kelsey Misbrener | November 23, 2021FacebookTwitterLinkedInPinterest Nextracker According to a review by the SUN DAY Campaign of data recently released by the Federal Energy Regulatory Commission (FERC), solar, wind and other renewable energy sources (i.e., biomass, geothermal, hydropower) dominated new U.S. electrical generating capacity additions during the first three-quarters of 2021. FERC’s latest monthly “Energy Infrastructure Update” report (with…

Renewable Energy Update – August 2021 #3

FocusEIA: U.S. large-scale battery storage power capacity increased 35% in 2020 Green Car Congress – August 17The United States continued a trend of significant growth in large-scale battery capacity, with battery power capacity reaching 1,650 MW by the end of 2020. According to EIA’s report, battery power capacity grew by 35% in 2020 and has tripled in the last five years. EIA expects the trend to continue; utilities have reported plans…

Renewable Energy Update – August 2021 #2

FocusCalifornia utilities and clean energy groups urge CPUC to move quickly to free up energy supply Utility Dive – August 11Utilities and clean energy groups are urging the California Public Utilities Commission (CPUC) to move quickly to address the state’s reliability changes in the wake of an emergency proclamation from Governor Gavin Newsom to free up energy supply in the state. In comments filed with the agency last week, stakeholders pushed…

The UN Report On Climate Change: What Does It Have To Do With Cannabis And Wine In The US?

Key Takeaways: The recently released IPCC Report shows irreversible harm to the global ecosystem. Fund managers focused on ESG criteria will have an increased focus on environmentally conscious companies and substantial sums of investment dollars will likely flow into companies that commit to more aggressive ESG plans. Cannabis companies could benefit from looking at how industries like the wine industry have embraced sustainability. In an industry where competition for capital…

Renewable Energy Update – August 2021

FocusNewsom issues emergency proclamation to free up extra sources of power Los Angeles Times – July 31Governor Gavin Newsom issued an emergency proclamation on July 30 to free up additional power and to help make sure the state’s lights stay on in the coming months. The proclamation aims to add capacity or reduce load on the state’s electric grid through October. The proclamation includes the suspension of licensing requirements to speed…

Market update: Peak Alert!

Throughout the Northeast temperatures are expected to be extremely hot and humid this week, especially today, August 11th, and tomorrow, August 12th. It is expected that usage may exceed system peaks between the hours of 2-6pm EST on these days. If so, it is likely one of these days will set the system peak in NY, and one of the 5 peaks for PJM. This could set the Capacity Peak…

IRS Notice Provides Relief for Renewable Energy Construction Projects

As we discussed in a previous article, the renewable energy industry is experiencing record growth.  President Biden’s current initiatives are also expected to provide an additional boost to accelerate future growth in clean energy industries. However, the ongoing COVID-19 pandemic and its effects have caused construction delays for these projects due in part to supply chain issues, rising material costs and workforce shortages. These factors can result in delays in completing…

Renewable Energy? For some, the answer may not be blowing in the wind.

The Biden administration has committed to significantly expanding development of renewable energy.  These projects, including solar and wind are welcomed by many.  They have the potential to generate significant amounts of energy with a minimal carbon footprint. Generation of wind energy involves little or no water use, few if any chemicals, and virtually no waste disposal.  Compared with coal, oil, gas and shale gas development, wind projects are an environmentalist’s…

Cannabis and Renewable Energy in New York: Delving into the Weeds of a Budding Industry

New York’s recent legalization of recreational marijuana for adult use has set off a flurry of entrepreneurial activity as businesses seek to establish a foothold in the State’s new and lucrative market. Renewable energy, energy storage and other technologies can help growers not only minimize their electricity bills – a substantial operation expense for the typical indoor farm – but also give them a leg up in the State’s licensing…