The Order adopts final rules to implement North Carolina's Renewable Energy and Energy Efficiency Portfolio Standard (REPS).
The Ocean Energy Task Force (OETF) recommends that Maine establish a goal to install 5,000 MW of offshore wind energy by 2030; improve the siting, governance, and permitting framework for renewable ocean energy development; promote and support financing and development of renewable ocean energy projects and related businesses; improve and align energy transmission infrastructure and state energy policy to attain the offshore wind goals; and, streamline state permitting of appropriately-sited offshore wind energy. development
The report evaluates the direct and indirect economic benefits of the Deepwater Wind Block Island project over the 20-year term of the amended power purchase agreement (PPA). It estimates the overall state economic benefits to be $107 million in constant 2010 dollar terms and $92 million in net present value (NPV) terms as of January 1, 2013 using a 7.2% discount rate.
Emergency regulations for electric distribution companies to enter into long-term contracts with renewable energy developers to facilitate the financing of renewable energy generation, pursuant to the Green Communities Act.
In this updated Energy Master Plan (EMP), the Christie Administration affirms its commitment to the renewable energy portfolio standard (RPS) of 22.5% of energy from renewable sources by 2021, and aspires to fulfill 70% of the Stateﾒs electric needs from ﾓcleanﾔ energy sources by 2050. The Christie Administration supports the Board of Public Utilities' (BPU) due diligence process to safeguard the economic interests of ratepayers while promoting job creation and environmental benefits associated with offshore wind. The BPU is confident that the target objective of 1,100 MW of offshore wind generation by the end of 2012 is achievable.
Fishermen's Energy's (FERN's) draft structure of an offshore wind set-aside, or ﾓcarve-outﾔ, within New Jerseyﾒs Renewable Portfolio Standard (RPS), which calls for 1000 MW by 2012 and 3000 MW by 2020.
The Act authorizes Delmarva Power and Light (DPL) to receive a 350% renewable energy credit multiplier for contracts from offshore wind energy installations, and distribute the costs among the entire Delaware customer base.
The report outlines a pathway towards developing wind energy supply chains and creating clean energy manfacturing jobs. The report recommends a federal Renewable Electricity Standard (RES) of 25% by 2025 with meaningful mid-term targets, regulation of greenhouse gas emissions, and policies specifically aimed at building the U.S. wind energy manufacturing sector.
The report includes background on the New York State Renewable Portfolio Standard (RPS), objectives and performance targets, and a summary of outcomes, funding, and expenses. Under the Main Tier (utility-scale) component of the program, 1,456 MW of new renewable capacity from 46 projects is in operation, as of December 31, 2011; an additional 384 MW, from 10 projects, are currently under development and/or construction.
Overview of major terms of June 23, 2008 Bluewater/Delmarva (DPL) power purchase agreement (PPA); economic evaluation; PPA terms and conditions; and, policy and contract management issues.