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.
It’s true that Norway is a world leader in renewable energy. To be fair, however, they have a few things going for them.
One is the hydro resource itself, which is enormous, especially considering nation’s small population.
The other, and it’s just as important, is the fact that Norway really wants to remove fossil fuels from its grid-mix. They sport of extremely enlightened people who actually care about the welfare of the people in the world around them
In other posts, we’ve looked at the prospects of a massive refusal on the part of America’s top military to follow a manifestly illegal order, like invading Canada.
What about a less dramatic case? What if I were the chief White House superintendent and Trump told me to bulldoze the East Wing? I’d say, “Sorry, I resign as of this minute. You may find someone who will destroy a national treasure, but it’s sure as hell isn’t going to be me.”
If I were writing the piece at left, I wouldn’t say, “the system is rigged,” because that implies some clandestine.
I would saw the system is designed to make rich people richer, and to ignore the needs of the masses. It’s working exactly as it’s designed to.
Now it’s true that all this is more obvious now than it was 50 years ago when the average American came out of college and got an office job that enabled him to earn a living wage.
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