New legislation along with the expiration and phase-down of the Renewable Energy Production Tax Credits (“PTC”) have lead to uncertainty in the renewable energy sector. PTCs play a significant role in a project’s viability. The value of the PTC was $24/MWh for projects that commenced construction in 2016 or earlier, however, for projects commenced in…
Between declining costs of renewable energy technology and continually increasing stigma associated with fossil fuel electricity generation, the forward outlook for renewable generation is very positive. Additionally, the Tax Cuts and Jobs Act signed into law by President Trump at the end of 2017 maintained the tax credits associated with renewable energy generation, furthering the…
The V.C. Summer Nuclear Plant in South Carolina, one of the first new Nuclear Power Plant projects in nearly 2 decades, has been abandoned partway through construction. Santee Cooper and SCE&G, partners on the project, decided to cancel the project due to significant budget overruns, the bankruptcy filing of Westinghouse (reactor manufacturer), and the significant…
Recent developments in the power generation industry have seen gas reciprocating engines being installed in increasing numbers on new projects as opposed to gas turbines. Improvements in technology have resulted in reciprocating engines that can rival the capacity of gas turbines and the ability to be brought to full capacity in as little as five…
