How Do Renewable Energy Certificates Work? When renewable energy is produced, it goes into the local power grid and becomes indistinguishable from energy generated by other non-renewable sources. Renewable Energy Credits (RECs) were created to help energy buyers distinguish between renewable and non-renewable energy sources, by accounting... Read more »
The Federal Investment Tax Credit for solar energy is one of the most important federal policy initiatives to support the growth of renewable energy in the US. The ITC currently allows you to deduct 30% of the cost of installing a solar energy system, which has... Read more »
According to new figures from Wood Mackenzie Power and Renewables and the Solar Energy Industries Association (SEIA), there are now over 2 million solar photovoltaic (PV) installations in the U.S. These solar projects range from small, residential rooftop systems of 2 kilowatts to utility-scale solar projects... Read more »
As concern for the environment grows, both consumers and stakeholders are pushing companies towards developing long-term sustainability goals. Organizations looking for innovative, economic, and impactful ways to meet major sustainability commitments has led to a rapid increase in corporate renewable energy procurement. But how can organizations... Read more »
On Monday, April 8, 2019, on the last day of the Maryland Legislative Session, the Clean Energy Jobs Act was passed in both houses of the Maryland Legislature. The act requires an increase in the state’s Renewable Portfolio Standard (RPS) to 50% by 2030, including a... Read more »
More and more companies around the world are voluntarily and actively procuring renewable energy through power purchase agreements. This trend is set to continue in the coming decade, as companies will need to continue to purchase significant amounts of renewable energy to achieve their often ambitious... Read more »
RICHMOND, Va., April 25, 2019 /PRNewswire/ -- Urban Grid, a leading developer of solar projects throughout the United States, is pleased to announce that NextEnergy Capital through their fund NextPower III, has acquired two of our solar development projects, totaling approximately 46MWp/34MWac, in Henrico County and Westmoreland County, VA. The two solar projects, Briel... Read more »
As a large organization, a Power Purchase Agreement (PPA) is often the most accessible and effective way for an organization to procure large amounts of renewable energy. The two most common types of PPAs are sleeved PPAs and Virtual Power Purchase Agreements (VPPAs). According to the... Read more »
Virtual Power Purchase Agreements (VPPAs) have become an attractive tool for corporate renewable energy procurement. They provide an opportunity to purchase renewables at a meaningful scale, allowing organizations the chance to make impactful progress towards their sustainability and carbon reduction goals. There are many benefits to... Read more »
For renewable energy buyers looking to demonstrate leadership by increasing the effectiveness of their sustainability projects, understanding the importance of additionality is critical. What Is Additionality? Additionality is a term adopted by the renewable energy industry to describe when an organization’s power purchase agreement (PPA) has the... Read more »