Effective this August, the new law will provide property tax breaks and other incentives for siting solar projects on brownfields and former coal mines.
Also on the rise: SEG Solar opens 2 GW module factory in Houston. U.S. community solar to double in five years. And more.
The two projects include Steel Sun II, located on the former Bethlehem Steel site on Buffalo’s waterfront and the Homeridae project, one of two solar arrays in Olean sited on a former oil refinery and tank farm.
The Treasury, Department of Energy and Internal Revenue Service provide details on the Qualifying Advanced Energy Project Credit program that makes available $10 billion in tax credits for energy communities.
Toyota Motor North America signed a VPPA this week with Savion for the offtake of a 100 MW brownfield solar project located on a reclaimed coal mine in Martin County, Kentucky. When completed, Toyota will have in excess of 150 MW of U.S. solar generation facilities.
The Brookhaven brownfield site spans 35 acres of limited use, capped landfill where over 16,000 solar panels will be constructed using a fixed-tilt, ballasted installation. The solar facility will feed into utility PSEG-LI’s grid.
Liability exemptions seek to reduce uncertainty, and fears of potential financial liability for renewable energy developers allowing for expedited siting on contaminated sites across the United States.
The large brownfield solar project will provide Mount Olive, New Jersey with close to $2.3 million in past tax revenues, while creating a future revenue-generating renewable energy asset.
Looking to expand from its role as long-term owner to a more comprehensive development and origination model, CleanCapital has acquired the landfill and brownfield developer, as well as its 1 GW project pipeline.
DTE Energy plans to build a community solar project to support the City of Ann Arbor.
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