ACORE Statement on Treasury Department’s Updated Energy Communities Guidance

March 22, 2024

WASHINGTON, D.C. – The U.S. Treasury Department and the Internal Revenue Service (IRS) released a dditional guidance on Friday on the energy communities bonus credit program. Following is a statement from Ray Long, President and CEO of the American Council on Renewable Energy (ACORE), on the update:

“We are very grateful for the clarity the Treasury Department provided today on an important provision that will help drive much-needed investment in disadvantaged communities. These communities deserve greater access to the good-paying jobs, affordable electricity, and pollution-free skies that clean energy provides.

“One of the noteworthy updates in Friday’s guidance was the expansion of the eligibility terms for offshore wind projects, a top priority for ACORE members. Allowing the location of the onshore control center to determine eligibility is a vital clarification that will significantly catalyze offshore wind development and help spur the economic revitalization of America’s portside communities.

“ACORE appreciates Treasury’s productive engagement thus far with stakeholders and looks forward to our continued work on the outstanding guidance and release of fair, timely, and practicable final rules across all facets of the clean energy tax package, including the publication of the long-awaited proposed regulations on domestic content.”

Background:

ACORE provided recommendations on the energy communities bonus credit in recent comments on the proposed regulations concerning the Section 48 Investment Tax Credit (ITC) released by Treasury and the IRS last November, which built from prior individual and joint comments on a range of pertinent issues. ACORE staff has also participated in multiple conversations and roundtables with the Biden Administration on the implementation of the IRA.

The post ACORE Statement on Treasury Department’s Updated Energy Communities Guidance appeared first on ACORE.

https://acore.org/news/acore-statement-on-treasury-departments-updated-energy-communities-guidance/

Renewable Energy

Terra-GEN, Nordex & Siemens Gamesa Improve

Published

8 hours ago

November 17, 2025

Alice Rush

Weather Guard Lightning Tech

Terra-GEN, Nordex & Siemens Gamesa Improve

Terra-Gen’s 238.5 MW project in Texas is now fully operational and the Philippines just awarded approvals for more than 10 GWs of renewables. Plus Nordex and Siemens Gamesa are optimistic about their future.

Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard’s StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes’ YouTube channel here. Have a question we can answer on the show? Email us!

There’s news from the wind industry this week. And for once… the headlines tell a story of growth. Down in Hidalgo County, Texas… something worth celebrating happened this week. Terra-GEN commissioned the Monte Cristo ONE Windpower Project. Two hundred thirty-eight-point-five megawatts. Fully operational. The wind facility will generate more than 850 gigawatt-hours of clean electricity every year. Enough to power roughly 81,000 homes. And the power? Already sold. Long-term purchase agreements with two corporate customers. Construction created about 280 jobs at peak activity. More than 490,000 work hours. Not one lost-time incident. They upgraded 11 miles of state roads. Twenty-five miles of county roads. Over its lifetime… the project will deliver more than 100 million dollars to the local community. Property taxes. Landowner payments. Other economic contributions. “It is an honor,” said John O’Connor, Chief Financial Officer for Terra-GEN, “to celebrate the hard work and dedication of the hundreds of men and women who made the commissioning of the Monte Cristo wind project possible.” Meanwhile… halfway around the world in the Philippines… the government just awarded approvals for more than 10 gigawatts of renewable power. That’s ten-point-two gigawatts, to be exact. One hundred twenty-three winning bidders. Solar. Storage. And wind. Onshore wind alone claimed two-point-five gigawatts of that capacity. Twenty-one projects. All set to deliver power by 2029. The Philippines is targeting 50 percent renewable generation by 2040. And they’re not waiting around. The “overwhelming response,” said the department of energy, “reflects the growing confidence of investors.” Back in Europe… in Germany… Nordex is making moves. The turbine manufacturer just secured orders for 123 megawatts from Denkerwulf. Twenty-five onshore wind turbines. Installation begins in 2027. Commissioning in 2028. And Nordex shares? They’re climbing. Hit a multi-year high this week. Trading at 28 euros and 2 cents. Denkerwulf’S orders for Nordex in 2025 now total nearly 144 megawatts. And last week… Mingyang signed a contract with ORE Catapult… a state-owned British test center. They’re going to test main bearings for Mingyangs offshore 18.5MW turbines in the United Kingdom. “A major milestone,” said Mingyang’S chief technology officer for Europe, Marc Sala. “A decisive breakthrough for our local operations.” Mingyang has big plans for Britain. One-point-five billion pounds in investments. Half for factories. Half for the offshore wind supply chain. Now… over at Siemens Gamesa… things are looking up. The wind business has been struggling. Over four fiscal years… losses totaled eight-point-six billion euros. But Chief Executive Officer Christian Bruch confirmed this week… they’re still targeting profitability by 2027. Break-even by 2026. Revenue for full-year 2025 rose 5 percent to ten-point-three-seven-five billion euros. Losses improved slightly. “The journey towards profitability is going to take time,” said Chief Financial Officer Maria Ferraro. “But I think the team is doing a great job.” They expect a positive fourth quarter in 2026. So there you have it. The wind industry is pushing forward. Two hundred thirty-eight-point-five megawatts commissioned in Texas. One hundred twenty-three projects approved in the Philippines. One hundred twenty-three megawatts ordered in Germany. Eighteen-point-five megawatt turbines heading to Britain for testing. And Siemens Gamesa … now seeing light at the end of the tunnel. The numbers tell the story. Things are beginning to stabilize – and there’s hope for the future. That’s the state of the wind industry on the 17th of November 2025. Join us tomorrow for the Uptime Wind Energy podcast.

https://weatherguardwind.com/terragen-nordex-siemens/

Renewable Energy

Has the Fever Broken?

Published

2 days ago

November 15, 2025

Alice Rush

Many Americans are starting to feel like the lady whose observations we see at left.

Exactly how this moves forward from here is anyone’s guess. Maybe the Democrats gain a huge majority in Congress in 2026 and then impeach and convict Trump–perhaps joined by lots of Republicans.

There are plenty of different scenarios.

Has the Fever Broken?

Renewable Energy

Trump and Climate Change

Published

2 days ago

November 15, 2025

Alice Rush

As shown in this short video, Donald Trump says that climate change is the biggest con job ever perpetrated on Earth.

We are to believe that Trump a) understands the subject better than the thousands of our planet’s top scientists, located in countries all around the globe, and b) he’s telling the truth, where they have somehow gotten together and conspired to lie.

That’s quite a stretch.