With the passage of Sen. Steve Sweeney’s Offshore Wind Economic Development Act (OWEDA) in 2010, New Jersey was set to become a leader in offshore wind. We were going to open up an entire new sector of the economy that would have created good-paying jobs for decades to come; attracted an enormous amount of businesses and capital to the state; and generated cheap, clean energy. Unfortunately, the previous administration failed to follow through and those things never happened, allowing other states on the Eastern Seaboard to surpass us over the past eight years.
QUALIFICATIONS & REGULATORY
On Friday, March 2, the Internal Revenue Service released Private Letter Ruling (“PLR”) 201809003. The PLR is not binding precedent, but it indicates that the IRS will permit a taxpayer to claim a Code Section 25D credit in respect of a residential battery installed after the solar panels to which it will be attached was installed. In the PLR, the IRS expressly states that it will treat the battery as property that “uses solar energy to generate electricity,” provided only solar energy is used to charge it.
The PLR concerns individuals claiming a credit for a residential system, but don’t stop reading. This outcome matters for C&I and utility scale projects also.
Posted by Charles Decuir on January 3, 2018 10:25 AM EST
A solid offshore wind industry offers great potential and benefit to the United States. In fact, according to the Department of Energy (DOE), if the country could develop 86 GW of offshore wind by 2050, it would create at least 120,000 jobs, cut greenhouse-gas emissions by 2.8%, and provide American with much-needed clean energy. The DOE is stepping up and putting money where its mouth is by offering $18.5 million in funding for an offshore wind research and development consortium that will conduct U.S.-specific research aimed at reducing costs.
Posted by Jeff Keever on December 11, 2017 7:45 AM EST
Independent certified verification agent ABS has submitted a certificate verifying the reliable operation of the Block Island offshore wind farm to the Rhode Island Coastal Resources Management Council. The verification confirms the project, which began operations in 2016, was designed and built following industry requirements and best practices.
Posted by Charles Decuir on November 10, 2017 9:25 AM EST
With his victory Tuesday over Lt. Gov. Kim Guadagno, and with Democrats holding firm majorities in the Legislature, Murphy arrives with the means and will to deliver what greens have wanted for years: to make New Jersey a clean energy leader, in league with California, Massachusetts and New York.
Posted by Jeff Keever on September 18, 2017 4:20 PM EDT
A three-year project aimed at developing a set of standards for U.S. offshore wind has been launched by the Department of Energy, the National Renewable Energy Laboratory (NREL), the Bureau of Ocean Energy Management (BOEM), the Bureau of Safety and Environmental Enforcement, the Business Network for Offshore Wind, and the American Wind Energy Association.
ITPEnergised, Ramboll and BMT provide best practice planning and preparation guidelines for offshore wind farms in Taiwan
Posted by Charles Decuir on February 21, 2017 9:00 AM EST
ITPEnergised (ITPE), Ramboll and BMT Asia Pacific (BMT) have partnered since mid-2014 to provide Taiwan’s offshore wind industry with a series of guidelines for future developments around the island. The group of consultants have now delivered their third, and final, phase of guidelines to the local Taiwanese industry.
Posted by Jeff Keever on November 27, 2016 5:30 PM EST
On Friday, the IMO Maritime Safety Committee (MSC) took one important step forward in its work to develop international standards for the carriage of offshore technicians, for example in connection with activities within the field of offshore wind energy.
Offshore wind energy sites off the coasts of Massachusetts and Rhode Island do not have high concentrations of protected whales, turtles and seabirds, according to two new surveys.
The surveys, which were carried out for the Bureau of Ocean Energy Management (BOEM) and the Massachusetts Clean Energy Center (MassCEC), collected data on whales and turtles between October 2011 and June 2015 and on birds from November 2011 and January 2015.
Posted by Charles Decuir on September 21, 2016 10:10 AM EDT
Gov. Andrew Cuomo last week announced the release of the New York State Offshore Wind Blueprint — a plan to advance the development of offshore wind along New York’s coastline.