By MAYUMI NEGISHI for the WallStreet Journal: Japanese cities are entering the renewable-energy business, the latest phase in a shake-up of the nation’s power sector in the aftermath of the 2011 Fukushima nuclear crisis.
So far, about 14 cities have formed companies to generate clean energy from local resources and sell it to area businesses and homes. With full deregulation of the nation’s electricity markets set to begin next year, the government aims to have 1,000 such city-operated companies up and running by 2021 in a direct challenge to regional power monopolies.
The move is part of Japan’s strategy for creating energy self-sufficiency, while helping revitalize communities with infrastructure investment. Cont'd...
Sahir Surmeli for National Law Review: Early Wednesday morning Congressional leaders reached agreement on a year-end spending and massive tax deal that would prevent a government shutdown and extend a series of tax breaks that benefit businesses and individuals. The agreement has major implications for the future of the energy industry and is being hailed by many as a dramatic victory for those in the renewable energy community.
The Investment Tax Credit (ITC), which was slated to drop to 10 percent from 30 percent for solar systems on commercial properties after 2016, would now remain at 30 percent for projects that start construction by December 31, 2019. Projects that start construction in 2020 would qualify for a 26 percent credit and that level would drop to 22 percent for facilities started in 2021. From 2022 on it would remain at 10 percent. Cont'd...
Big commercial solar roofs and solar farms officially cut out of Renewables Obligation support scheme
First Renewable Energy Projects Installed by Onyx Renewable Partners on U.S. Military Bases as Part of Strategic Alliance with Corvias Solutions
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