Advanced Power has purchased renewable energy investment tax credits, made available through the development of rooftop solar facilities offered for sale by a third party.
The Inflation Reduction Act made the purchase possible, says the company, through Section 6418 of the Internal Revenue Code, which allows for transfer of certain energy tax credits from renewable project developers to a qualified third party.
“Advancing a sustainable energy future drives our actions,” says Advanced Power CEO Tom Spang. “We are pleased to close this latest transaction, which supports our vision of a clean, reliable energy future.”
Advanced Power projects in development include: Eldora Energy, a 240 MW solar with an additional 200 MW battery storage facility; Alina Energy, a 220 MW solar with an additional 200 MW battery storage facility; Elio Energy, a 300 MW battery storage facility; and Rock Rose Energy, a 200 MW battery storage facility.
Reunion originated the opportunity for Advanced Power and facilitated the transaction between parties.
The post Advanced Power Announces Investment Tax Credit Purchase appeared first on Solar Industry.
Renewable Energy
Why Not Behead Dissidents? It Worked for Millennia
A segment of Newsmax tonight began with many clips from commentators from both parties saying that Donald Trump is the most powerful person in the word. “All right, enough!” the host finally interjected. “Well, if he is the most powerful person in the world, why can’t he appoint whoever (sic) he wants to prosecute James Comey and Letitia James?”
Well, we do have a few sticking points here.
We have the U.S. Constitution, and 200+ years of rule of law, and the concept that no one is above the law.
And we have the question, “Given that they have taken stances against Trump, why not have them both summarily beheaded?” Given that we no longer have a balance of powers among the supposedly three co-equal branches of government, what’s the big deal?
Three hundred years ago, that’s precisely would have happened to people who took public stances against a king.
We either stand for freedom and loyalty to a constitution — or we don’t. We can’t have it both ways.
Renewable Energy
Solar PV on a Car’s Roof
There is no need to physically attach solar panels to your car’s roof to determine if it will charge your car. Of course it will while it’s in the sun. Let’s do some math:
If:
The area of this Tesla’s roof is 2 square meters (being generous),
The efficiency of the panels is 25%,
The capacity factor of solar (depending on your location) is 20%,
The sun’s irradiance is 1000 watts per square meter,
The Tesla’s battery capacity is 100 KWhrs,
And we neglect the increased weight and drag of the array,
We’re talking about 100 hours, more than 4 days.
Doesn’t sound like a bargain, especially considering that if you overbuild the solar array on your roof and charge your car in your garage, you’ve achieved the same goal at far less expense and inconvenience.
Renewable Energy
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