Tag: renewable energy in united states

What’s Next for State Climate Action in the US? 7 Areas to Watch

What’s Next for State Climate Action in the US? 7 Areas to Watch

February 11, 2021 |

Rather than taking a backseat, state leadership must now continue alongside a more supportive federal government, allowing the US to achieve deeper emissions reductions through a new climate federalism framework that leverages comparative strengths at different levels of governance. Here are seven high-impact policies to watch in 2021, as well as federal programs and policies that can encourage and reinforce state-level climate action plans.

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Residential solar financiers Loanpal secures $800 million in funding

Residential solar financiers Loanpal secures $800 million in funding

January 29, 2021 |

Loanpal has announced that it has raised has secured over $800 million in funding in its first external investment round. The investment rounds were conducted by NEA, WestCap Group, Brookfield Asset Management, Riverstone Holdings, and other private investors.The company’s point-of-sale payment platform allows businesses to deploy sustainable home solutions along with its digital tools. It also provides flexible payment options to remove the cost barrier for homeowners and create a channel for financial institutions to deploy their capital in environmental, social, and governance assets.

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OPC Energy enters the United States market with the acquisition of Competitive Power Ventures

OPC Energy enters the United States market with the acquisition of Competitive Power Ventures

January 28, 2021 |

Israel-based OPC Energy recently announced the closure of its acquisition of Competitive Power Ventures (CPV) from Global Infrastructure Partners (GIP) after receiving the required regulatory approval. With this transaction OPC fully owns CPV’s operating assets, development pipeline and asset management business. OPC has partnered with three Israeli institutional investors to carry out this acquisition.

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US approves bill with tax credit extensions for renewable energy

US approves bill with tax credit extensions for renewable energy

December 29, 2020 |

The United States’ Congress approved a spending bill which includes a two-year extension of the investment tax credit (ITC) for solar power, a one-year extension of the production tax credit (PTC) for wind power projects, and an extension through 2025 for offshore wind tax credits. The bill also includes an allocation of $35 billion for energy research and development programmes.

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Offshore wind projects in the US

Offshore wind projects in the US

December 25, 2020 | ,

According to forecasts, the US offshore wind industry is expected to deliver 25 GW by 2029. Of this, 9 GW has already been contracted or will be soon approved. The state renewable purchase standards contracting call for 34 GW by 2035. Meanwhile the Federal lease program currently supports approximately 20 GW to 30 GW of projects depending on turbine density.

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Washington Can’t Wait to Electrify

Washington Can’t Wait to Electrify

November 27, 2020 |

In the midst of 2020 election limbo, the Washington State Department of Commerce quietly released a draft of its Washington State 2021 Energy Strategy. And it’s clear that Washington is not on track to reach its 2030 commitment target or its deeper decarbonization emissions target of being carbon neutral by 2050 unless buildings are rapidly electrified.

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