Tag: Renewables

IRS Grants Wind and Solar Sectors Critical COVID-19 Reprieves

Credit to Author: Sonal Patel| Date: Thu, 28 May 2020 14:57:02 +0000

The post IRS Grants Wind and Solar Sectors Critical COVID-19 Reprieves appeared first on POWER Magazine.

Wind turbine

The U.S. Internal Revenue Service (IRS) has granted a one-year extension of the continuity safe harbor, providing much-needed relief for many wind developers, which, crippled by pandemic-related delays, were racing to complete projects before crucial tax incentives expired at the end of this year.  In its May 27–issued Notice 2020-41, the IRS essentially modified prior […]

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With Vogtle Completion in Sight, Southern Company Targets Net-Zero Carbon Emissions

Credit to Author: Aaron Larson| Date: Thu, 28 May 2020 13:26:44 +0000

The post With Vogtle Completion in Sight, Southern Company Targets Net-Zero Carbon Emissions appeared first on POWER Magazine.

vogtle-nuclear-power-plant-construction

Fresh off the announcement that the final module for Vogtle Unit 3 was placed at the nuclear expansion project in Georgia, Southern Company said on May 27 that it was setting “a long-term greenhouse gas (GHG) emissions reduction goal of net-zero emissions by 2050.” The announcement was made during Southern Company’s annual stockholders meeting, which […]

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Data Tool Shows Pandemic’s Impact on Power Prices

Credit to Author: Darrell Proctor| Date: Thu, 28 May 2020 10:04:50 +0000

The post Data Tool Shows Pandemic’s Impact on Power Prices appeared first on POWER Magazine.

A clean energy valuation and risk analytics company said that low demand for energy during the COVID-19 pandemic, along with low prices for natural gas and strong power generation from renewable energy resources, has brought unprecedented low prices for electricity in multiple U.S. markets.  REsurety said its Renewable Energy Market Analytics Platform (REmap) shows that […]

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Failed Michigan Dam Had Longstanding Spillway Deficiencies

Credit to Author: Aaron Larson| Date: Thu, 21 May 2020 13:19:39 +0000

The post Failed Michigan Dam Had Longstanding Spillway Deficiencies appeared first on POWER Magazine.

Edenville-dam-failure-flooding-Michigan

The Edenville dam, which failed on March 19 flooding Midland, Michigan, and forcing as many as 10,000 residents to evacuate their homes, had its license revoked by the Federal Energy Regulatory Commission (FERC) on Sept. 10, 2018, due to a “longstanding failure to increase the project’s spillway capacity to safely pass flood flows,” among other […]

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IEA: Renewables Showing Resiliency Despite Serious COVID Disruptions

Credit to Author: Sonal Patel| Date: Wed, 20 May 2020 13:34:32 +0000

The post IEA: Renewables Showing Resiliency Despite Serious COVID Disruptions appeared first on POWER Magazine.

Renewable power sources will mark their first annual decline in new additions in 20 years, owing to delays in construction activity, supply chain disruptions, lockdown and social distancing measures, and emerging financing challenges related to the COVID-19 pandemic. Despite this, the sector has showed “impressive” resilience, said the International Energy Agency (IEA) in a new […]

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The Green Cowboy, David Freeman Dies at 94

Credit to Author: Aaron Larson| Date: Thu, 14 May 2020 12:30:10 +0000

The post The Green Cowboy, David Freeman Dies at 94 appeared first on POWER Magazine.

David-Freeman

Engineer, attorney, author, and former head of some of the largest public power utilities in the U.S., S. David Freeman passed away on May 12 outside of Washington, D.C., following a heart attack at the age of 94. Freeman was born in Chattanooga, Tennessee, and received a degree in electrical engineering from the Georgia Institute […]

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Analysts Say 594,300 Jobs in Clean Energy Lost to Pandemic

Credit to Author: Darrell Proctor| Date: Wed, 13 May 2020 18:32:25 +0000

The post Analysts Say 594,300 Jobs in Clean Energy Lost to Pandemic appeared first on POWER Magazine.

Four groups analyzing data from the U.S. Dept. of Labor said more than half-a-million jobs in the clean energy sector were lost in March and April due to shutdowns caused by the coronavirus pandemic. The losses, representing about 18% of the industry’s total workforce, were detailed in a report released May 13. The groups said […]

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