PJM Interconnection released the initial results of its energy transition study. The study identifies the impact renewable energy has on market design, transmission planning, and grid reliability. The multiyear study is one of multiple being undertaken by PJM. Five focus areas were identified using the PJM strategic pillars of decarbonization efforts, future grid planning, and…
In 2020, renewable power generation became the second largest source of electricity in the United States. According to the Energy Information Administration, renewable energy sources represented 21% of the electricity generated in the United States. This is the first time that renewable energy accounted for more generation than both coal (19%) and nuclear (20%). Electricity…
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…
