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Renewable Energy Tax Credit News Briefs – October 2017
The Department of Energy (DOE) announced Aug. 7 that Dan Brouillette was sworn in as deputy secretary. Brouillette was recently the senior vice president and head of public policy for the United States Automobile Association (USAA), the provider of financial services to the military community. Before joining USAA, Brouillette was a vice president of Ford Motor Company. Before that, he held positions such as chief of staff to the U.S. House of Representatives Committee on Energy and Commerce and also served as assistant secretary of energy for Congressional and Intergovernmental Affairs. In addition, Brouillette is a former state energy regulator and served as a member of the Louisiana State Mineral and Energy Board from 2013 to 2016.
The National Renewable Energy Laboratory (NREL) released the report, “Wind Energy Finance in the United States: Current Practice and Opportunities.” The report provides an overview of the wind project development process, capital sources and financing structures. NREL found that in the United States, investment in wind energy has averaged nearly $13.6 billion annually since 2006. A total of more than $140 billion was invested cumulatively over that period. The report stated that at the end of 2016, cumulative U.S. wind generation capacity stood at 82.2 gigawatts (GW), expanding by 8.7 GW from 2015 installations levels. In addition, wind energy added the most utility-scale electricity generation capacity to the U.S. grid in 2015 and the second most in 2016. The report is available at www.energytaxcredits.com.
Solar Energy Industries Association (SEIA) announced Aug. 3 the addition of Tradewind Energy Inc., DEPCOM Power and McCarthy Building Companies Inc., to its board of directors. Tradewind Energy Inc. is a Kansas City-based developer of utility scale wind and solar projects. DEPCOM Power is a development, engineering, procurement, construction, operation and maintenance company for utility-scale solar. McCarthy Building Companies Inc. is a national general contractor. The companies’ additions to the board of directors were effective immediately.
New Partners Community Solar Corporation., a nonprofit formed by Nixon Peabody LLP, announced Aug. 9 the launch of the second phase of its NP Solar program. For the second phase, NP Solar will finance, develop and install solar panels, on the rooftops of several office buildings in Washington, D.C. This will comprise an aggregate network of approximately 1 megawatt (MW) and will supply approximately 1,200 MW hours per year of electric power from new solar-power rooftop generating facilities in the district. Financing for this portion of the program was made possible through a District Department of Energy & Environment (DOEE) grant under the DC Solar for All program.
The American Wind Energy Association (AWEA) released Aug. 10 a new mapping tool of every wind farm and factory in America. The map provides the location of every utility-scale wind project and wind-related manufacturing facility in the United States. In addition, a time-lapse feature built into the map shows the progress of wind power development across the country, from 1981 to 2016. Also featured are markers for the more than 500 wind-related manufacturing facilities in the United States today. These factories support 25,000 U.S. manufacturing jobs across 41 states.