Recurrent Energy’s Post

❗️ Community Energy Generation Growth Fund #Aberdeenshire established and incorporated #community groups can apply for #funding to set up a #renewable #energy generation project. What can be funded? Developing and installing community owned renewable energy generation, including wind, solar PV and hydro. Projects that sell electricity through a connection to the national grid or supplying a local energy demand. Most of the available funding is capital funding. This can be used for costs that support bringing assets to site for installation and construction costs. There is a small amount of funding available for feasibility studies and options appraisals. Funding is available for projects that can reach a significant project milestone by 28 February 2025. 🙋 Expressions of Interest (EOI's) Now open 📭 Opens to application Tuesday 28 May 📪 Closes Friday 28 June 🏁 Milestone Friday 28 February 2025 For more information, please click this link: ☀️https://lnkd.in/e2_NVytq #Fund #Funding #Grants #Community #CommunityGroups #EnergyGeneration #RenewableEnergy #Wind #Solar #PV #Hydro #CommunitySupport Aberdeenshire Council

Don't miss this article on the importance of specialized #solar #EPC contractors by Babcock & Wilcox Solar Energy, Inc. Vice President of Pre-Construction & Business Development, William Tualau Fale, in this month's pv magazine USA. In the article, William discusses why innovative financing models and supportive policies are essential for making #communitysolar financially viable and attractive to investors, and talks about community solar's important role in supporting and driving the #cleanenergy transition. https://lnkd.in/g2DkFp_U

🌟 New Deal Spotlight! 🌟 We are proud to announce the closing of an interconnection bridge loan, supporting Woodfield Renewables, LLC, in developing a project in ConEd utility service territory. This project is expected to be 5.5 MW-dc distributed solar system helping to accelerate the clean energy transition in New York State. This new financing solution is built on NY Green Bank’s successful interconnection bridge loan model. For solar developers, using capital for interconnection upgrades while applying for interconnection — a process that can take months — can slow down the development of other projects in their portfolio. By providing this financing solution, we are supporting developers like Woodfield Renewables to move forward with their projects and contribute to the clean energy transition. Learn more about this project and financing solution here: https://lnkd.in/e8jzZqCb #InclusiveProsperityCapital #CleanEnergy #Solar #Interconnection 

The Massachusetts Clean Energy Center (MassCEC) bought 42 acres in Salem Harbor for $30 million, aiming to build its second offshore wind farm construction terminal. This move highlights the state's commitment to boosting clean energy despite rising costs in the wind industry. This investment demonstrates Massachusetts' strong push towards clean energy by prioritizing offshore wind development despite cost challenges. Link to the full story below: https://bit.ly/3wvHfgU #cleanenergy #renewableenergy #Massachusetts ----------------------------------------------------------------------------- Neeeco increases energy savings by making your homes energy-efficient. 🏠 ✅

An affiliate of utility and energy developer AES Corp. has gained a conditional loan guarantee of up to $861.3 million to build two utility-scale solar photovoltaic (PV) farms coupled with battery storage in Puerto Rico. The commitment by the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) will empower Clean Flexible Energy LLC to finance the construction of solar plus storage sites in Salinas and Guayama, Puerto Rico. Together, the projects will add more than 200 MW of solar PV and nearly 300 MW of battery storage capacity to the island territory’s grid. Puerto Rico’s grid has been proven vulnerable to repeated hurricanes and other weather events that have destroyed transmission links from power stations to customers on the other end of the island. Many see more distributed and decentralized energy resources as the solution to such logistical and climate challenges. The Jobos site will comprise 80 MW in solar and 110 MW in battery energy storage systems, with an on-site step-up substation and a 1,000-meter, 115-kilovolt (kV) transmission line. Jobos will be owned by the Puerto Rican Industrial Development Co. The Salinas site will include a 120-MW solar farm and 175 MW in battery storage, along with the substation and a 4,717-meter and 11-kV line. According to the DOE report, the transmission will connect Salinas to an existing substation on a nearby solar PV development owned by Ciro Group LLC. The LPO’s financing conditions include an expectation that the borrowers develop and implement a comprehensive community benefits plan that ensures local labor engagement and strong workplace and safety standards. Commercial and industrial entities are also developing microgrids and other on-site power decarbonization plans for their facilities in Puerto Rico. Eaton, working with Enel North America, installed a solar-storage microgrid to power its manufacturing facility in Arecibo, while distiller Bacardi last year commissioned a propane-powered combined heat and power facility at its operations in Catano. To save energy & cost for your business, contact me at https://buff.ly/2EjAMbu. #Reliability #EnergyStorage #EnergyEfficiency #Renewables #EnergyAudit #Procurement #Resilience https://buff.ly/3SkBuKR

The #Virginia State Corporation Commission has approved more than a dozen new solar projects from Dominion Energy Energy, representing 764MW of new capacity. The projects will generate enough energy to power nearly 200,000 homes at peak output and include four solar projects totalling 329MW that will be owned or acquired by Dominion Energy Virginia. These sites are the 57MW Beldale Solar in Powhatan County, 95MW Blue Ridge Solar in Pittsylvania County, 127MW Bookers Mill Solar in Richmond County and 50MW Michaux Solar in Henry and Pittsylvania Counties. The construction will support more than 1600 jobs and generate more than $570m in economic benefits across the state. I really positive step for utility-scale #Solar in the North East. Which state will take the lead in 2024?

“Metzger also noted a University of Texas study that compared the land used for oil and gas developments in Texas to the land used for solar. Back in 2014, so before the most recent oil and gas boom in Texas, oil and gas took up 514,000 acres in the state. ERCOT forecasts that solar PV will hit 27 GW of installed capacity in Texas this year, which will take up only 162,000 acres. And the environmental impact of the latter can hardly be compared to the impact these fossil fuel projects are having.” #txenergy https://lnkd.in/gwqxUk_R

On April 16, Ameek Ashok Ponda, with assistance from Paul Decker, Sarah Wellings and Connie Lee, submitted a comment letter to the Internal Revenue Service (IRS) regarding his recommendations for the 2024-2025 Priority Guidance Plan, pursuant to Notice 2024-28, I.R.B. 2024-13. The comment letter incorporates a March 2024 thought piece (updated from time to time) published by Ameek, Paul, Sarah and Connie, titled "Enabling REITs to Deploy Renewable Energy: Toward a Workable Legal Standard," in a request to the IRS and the Department of Treasury to issue precedential guidance that confirms that revenue generated by a REIT from a renewable energy source is not “impermissible tenant service income,” as well as guidance that enables a REIT to deploy renewable energy infrastructure during periods of ramp up or tenant vacancies. To learn more or read the comment letter, click here: https://lnkd.in/eRchyzNw #WhatsYourNext

On April 16, Ameek Ashok Ponda, with assistance from Paul Decker, Sarah Wellings and Connie Lee, submitted a comment letter to the Internal Revenue Service (IRS) regarding his recommendations for the 2024-2025 Priority Guidance Plan, pursuant to Notice 2024-28, I.R.B. 2024-13. The comment letter incorporates a March 2024 thought piece (updated from time to time) published by Ameek, Paul, Sarah and Connie, titled "Enabling REITs to Deploy Renewable Energy: Toward a Workable Legal Standard," in a request to the IRS and the Department of Treasury to issue precedential guidance that confirms that revenue generated by a REIT from a renewable energy source is not “impermissible tenant service income,” as well as guidance that enables a REIT to deploy renewable energy infrastructure during periods of ramp up or tenant vacancies. To learn more or read the comment letter, click here: https://lnkd.in/dGnM6ehc #WhatsYourNext

On April 16, Ameek Ashok Ponda, with assistance from Paul Decker, Sarah Wellings and Connie Lee, submitted a comment letter to the Internal Revenue Service (IRS) regarding his recommendations for the 2024-2025 Priority Guidance Plan, pursuant to Notice 2024-28, I.R.B. 2024-13. The comment letter incorporates a March 2024 thought piece (updated from time to time) published by Ameek, Paul, Sarah and Connie, titled "Enabling REITs to Deploy Renewable Energy: Toward a Workable Legal Standard," in a request to the IRS and the Department of Treasury to issue precedential guidance that confirms that revenue generated by a REIT from a renewable energy source is not “impermissible tenant service income,” as well as guidance that enables a REIT to deploy renewable energy infrastructure during periods of ramp up or tenant vacancies. To learn more or read the comment letter, click here: https://lnkd.in/eThPEygC #WhatsYourNext