Duane Morris – Page 2 – Duane Morris Energy and Environmental Blog

November 9, 2021November 22, 2021 by Duane Morris

Bright Future for Solar Developers in New Jersey? Only If They Act Fast

The New Jersey Board of Public Utilities established a Successor Solar Incentive Program that provides new, reduced incentives to developers of solar generation projects compared to past incentive programs. The new program limits the number of solar incentives available each year to developers of projects smaller than 5 megawatts, so interested developers should move quickly. In addition to the annual limits, the value of the available incentives will be reduced over time, giving an advantage to early movers.

To read the full text of this Alert by Duane Morris attorneys Phyllis Kessler and Patrick Dinnin, please visit the Firm website.

October 29, 2021November 22, 2021 by Duane Morris

New Jersey BPU awards 165 MW of Community Solar in Yr 2 of Pilot Program

On October 28, 2021, the New Jersey Board of Public Utilities (“BPU”) approved 105 applications under New Jersey’s Community Solar Energy Pilot Program. The applications and awards will create 165 megawatts of clean energy – enough energy to power approximately 33,000 homes – available to low-to-moderate income and historically underserved communities. Year 2 of the pilot program represented a significant increase in the amount of power generated (i.e., from 78 MW to 165 MW) and the number of applications seeking to install community solar.

To read the full text of this post by Duane Morris partner Brad Molotsky, please visit the Duane Morris Project Development/Infrastructure/P3 Blog.

October 4, 2021November 19, 2021 by Duane Morris

New Pricing Framework for Solar and Wind Power Projects

On 30 September 2021, the Vietnam Ministry of Industry and Trade (“MOIT”) confirmed that there would be No FIT extension for wind energy projects after 31 October 2021.

The Ministry of Industry and Trade recently issued a new draft Circular on regulations on methods of building electricity generation price brackets and determining electricity generation prices, power purchase agreement for solar and wind energy projects. This Circular will apply to solar energy projects that have not met the COD deadline of 1 January 2021 or wind energy projects that have not met the COD deadline of 1 November 2021. Though it is only at draft stage, it is expected that the Circular will come into force soon and give developers as well as investors clarity on renewable power projects development and related transactions.

To read the full text of this post by Duane Morris partner Dr. Oliver Massmann, please visit the Duane Morris Vietnam Blog.

September 15, 2021November 19, 2021 by Duane Morris

Energy and the Green Agenda: The New Industrial Revolution?

Globally, notable incidents of freak weather events giving rise to destruction and death have dominated the news. The increasing frequency of these erratic climate events has undoubtedly raised awareness of global warming and, on a political level, the need for states to move quicker towards green energy and the reduction of carbon emissions. Global warming is an inescapable issue that affects us all and which has forced governments to elevate this to the top of the agenda, filtering down to economic policies that will touch upon most industry sectors.

To read the full text of this post by Duane Morris attorneys Vijay Bange and Tanya Chadha, please visit the Duane Morris London Blog.