(Source: Sierra Star) A conditional grant of $5 million was awarded to the Watershed Research and Training Center for a one MW biomass facility in North Folk. This demonstration project could enter into an electricity capture contract with PG&E. Read the full article Voltalia, a global renewable energy company, said it would develop a 49.9 MW solar facility to supply the city of London with green electricity. United Kingdom. Square Mile`s umbrella organization has signed a 15-year Power Purchase Agreement (ECA) for the purchase of all electricity produced by a newly built 95,000-panel solar project in Dorset, UK. The 49.9 MW project will produce enough clean energy capable of powering approximately 15,000 homes and provide more than half of the City Corporation`s electricity. There may be cost compensation considerations, such as tax credits, feed-in tariffs, and the value of renewable energy credits (RECs). The inclusion of the rec value is considered below as a separate value category. U.S. federal legislation has provided for a Production Tax Credit (TPC) of approximately 20$US/MWh for wind power generation for the first 10 years of the project`s duration.
Legislation is renewed every one or two years and it is difficult to predict the long-term prospects for continued tax credits. Some European countries have opted more for feed-in tariffs – guaranteed long-term payments for electricity produced from certain skilled facilities such as wind and sun, to ensure the economic viability of these technologies. In 2014, Southern California Edison installed the Tehachapi Energy Storage Project, which consists of more than 600,000 lithium-ion batteries in the monolithic substation in Tehachapi, California, to test the storage of electricity from an area of 5,000 wind turbines currently. [19] In 2014, SCE had a renewable energy mix of 23%. [20] In 2016, 28.2% of SCE`s electricity sources were renewable. [21] Figure 18.12. East Mesa geothermal power plants from 2014; the filled rectangles designate the operating facilities. In 1983, Magma signed a 30-year power purchase agreement with Southern California Edison (SCE) under which SCE would purchase all of the electricity that the Magmamax plant could produce. In honor of Magma`s founder and geothermal pioneer, the facility was renamed the B.C. McCabe Power Plant. In the early 1990s, the plant was sold to GEO East Mesa L.P.
and renamed “GEM-1″. Finally, the Ormat plant, which is one of its other operations located in the East Mesa region, was taken over, closed and dismantled. The company also carries out a discount program for the purchase of electric vehicles. Southern California Edison is offering a $450 discount to people who buy or read a new or used electric vehicle in its service area. The program runs until 2020. [26] The project avoids the habitat of sensitive species and connects to power lines that were already on the ground. Water requirements for solar projects are minimal and the water used for construction comes from a salt aquifer, largely unsuitable for farming. While each solar project is unique and presented site-specific considerations, the Tranquillity project underscores Recurrent Energy`s commitment to the different communities and ecosystems in which we develop projects. . .
.