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Much has been written and discussed in the last several months about SPACs, or special purpose acquisition companies.  What is a SPAC, and what are the possible applications of this capital raising and acquisition strategy in the energy industry?  These questions, and more, answered below. By Steve Carman SPACs have been around for years, but…

By Archie Robb Over the past decade or so, the dominant trend has been the retirement of coal plants and the steady advance of renewable sources of generation. The next wave appears to be the phasing out as many natural gas-fired facilities as is feasible as more wind and solar resources are deployed. But there…

The Nordex Group has received an order to supply 70 of its N163/5.X wind turbines for a farm in Brazil’s northeast state of Piaui. The contract also includes the service of the turbines over a period of five years. Installation of the turbines, which will be delivered in a project-specific operating mode of 5.7 MW,…

Hydro-Québec ranked first in the 2021 Best 50 Corporate Citizens in Canada released by Corporate Knights magazine. This annual ranking of the organization that promotes responsible business practices is based on data in the public domain concerning the governance of companies, as well as their social and environmental performance. According to a press release, Hydro-Québec’s…

This week the New Jersey Board of Public Utilities (NJBPU) announced it has selected Ocean Wind 2, an offshore wind energy project proposed by Ørsted, for a 20-year Offshore Renewable Energy Credit (OREC) award at the $84.03 price from the State’s second competitive solicitation for offshore wind energy. The NJBPU also awarded Atlantic Shores Offshore…

This week Marin Clean Energy (MCE) a community choice aggregator in California announced the launch of two new programs, Community Solar Connection and Green Access, aimed at energy equity and affordability. MCE will be offering qualifying customers living in a designated disadvantaged community access to 100% renewable energy and a 20% discount on their electricity…

New rules give developers a longer window during which to complete projects in order to qualify for tax credits on projects. On Tuesday, the Treasury Department and the Internal Revenue Service (IRS) issued guidance that extends safe harbor provisions for renewable energy projects in order to address impacts from the COVID pandemic.  The revisions, which are retroactive,…

Climate-tech start-up Electric Frog Company announced this week that it has provided free use of a Nissan LEAF electric vehicle (EV) to the Burrillville Wastewater Treatment Facility in Rhode Island, in a first use of a customer vehicle to support the New England electric grid. When not in use by Burrillville employees the EV will…

The Mayor of Rockford, Ill., this week joined community solar provider Nexamp and ComEd to launch Give-A-Ray, a new 15-year program to provide solar energy benefits and savings to low and moderate income customers in Rockford and the surrounding area for free. With the help of local support services, including the Rockford Housing Authority, outreach…

Fossil fuel companies lied for decades about climate change, and humanity is paying the price. Shouldn’t those lies be central to the public narrative? By Mark Hertsgaard Every person on Earth today is living in a crime scene. This crime has been going on for decades. We see its effects in the horrific heat and…