After a disastrous few weeks on Wall Street, the renewable energy industry has come out a winner. It seems there’s always a silver lining in even the worst developments.
Tax Credits Extended: Renewable Energy Industry Breathes Sigh of Relief
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After a disastrous few weeks on Wall Street, the renewable energy industry has come out a winner. It seems there’s always a silver lining in even the worst developments.
Tax Credits Extended: Renewable Energy Industry Breathes Sigh of Relief
Quinnipiac University has officially unveiled a US $4 million renewable energy and sustainability plan for its new York Hill Campus. The 250-acre campus will feature two projects that will use renewable energy sources to produce electricity and make the campus more sustainable.
3Degrees announced today that it has been selected by the newly opened California Academy of Sciences to provide 1,350 megawatt-hours (MWh) of Renewable Energy Certificates (RECs) sourced from California Solar projects. This is one component of the Academy’s broad ranging sustainability initiatives that will help the new museum building achieve LEED-Platinum certification from the U.S. Green Building Council.
3Degrees Provides Solar Energy Certificates to California Academy of Sciences
The United States Senate voted 74-25 last night to pass legislation that would extend tax credits for renewable energy. In a surprise move earlier in the week, Senate Finance Chairman Max Baucus (D-MT) said in a statement that the tax extensions would be attached to the US $700 billion rescue legislation for Wall Street firms. The bill now heads to the House of Representatives for final consideration, which is expected to happen on Friday.
UPDATE 2 – Senate Passes Bailout & Renewable Energy Tax Credits; House Votes Friday
Colorado is blessed with an abundance of largely untapped renewable resources, a fact that has become more widely and greatly appreciated in light of high fossil fuel prices and a range of socioeconomic and environmental challenges that are only growing in intensity.
The United States Senate is set to vote later today on legislation that would extend tax credits for renewable energy. In a surprise move, Senate Finance Chairman Max Baucus (D-MT) said in a statement that the tax extensions will be attached to the upcoming US $700 billion rescue legislation for Wall Street firms. The Senate is expected to vote on the financial rescue plan with added tax relief later today, and to send it to the House of Representatives for final consideration. The legislation, which is the same version that passed the Senate on September 24, will extend the PTC for one year and the ITC for eight years.
UPDATE – US Senate To Vote on Renewable Energy Tax Credits Today
Nearly 50% of global electricity supplies must come from renewable energy sources in order to cut CO2 emissions in half by 2050, the International Energy Agency (IEA) says in its latest study, “Deploying Renewables: Principles for Effective Policies.”
In three years, buildings covered in steel sheets could be generating large amounts of solar electricity, thanks to a new photovoltaic paint that is being developed in a commercial partnership between UK university researchers and the steel industry.
Not to Leave for Election Until Tax Extender Legislation is Completed
Scientists at the U.S. National Renewable Energy Laboratory have set a world record in solar cell efficiency with a photovoltaic device that converts 40.8 percent of the light that hits it into electricity. This is the highest confirmed efficiency of any photovoltaic device to date.
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