Today, Bureau of Ocean Energy Management (BOEM) Director Amanda Lefton announced a Call for Information and Nominations (Call) to assess commercial interest in potential offshore wind leasing within two areas off the Oregon coast. Together, the two areas total 1,158,400 million acres located at least 12 miles offshore Coos Bay and Brookings, respectively. Once the
Chad Marriott serves as counsel to sponsors, owners, and investors, as well as commercial and industrial customers, in the development, sale, acquisition, and financing of renewable and thermal energy projects throughout the United States. His breadth of experience in finance, M&A, and state and federal utility regulation keeps him actively engaged as a member of Stoel Rives’ Energy Development team.
Click here for Chad Marriot's full bio.
BOEM Announces Offshore Wind Call Areas in Oregon and Historic Lease Sale in the New York Bight
On Friday February 25, the Biden administration continued its push to achieve 30 GW of offshore wind by 2030 when the Bureau of Ocean Energy Management (BOEM) announced three Call Areas for the development of floating offshore wind in federal waters off the Oregon coast. The Call Areas, located 13.8 miles off the coast of…
Oregon legislators pass historic renewable energy bill, with 50% RPS and coal-fired electricity phaseout
Oregon legislators passed Senate Bill (SB) 1547 into law yesterday, creating aggressive timetables for eliminating coal-fired electricity from the State and setting a 50% Renewable Portfolio Standard (RPS) by 2040. A diverse group of utilities, consumer advocacy organizations, and renewable energy advocates support the bill. Next stop for SB 1547 is Oregon Governor Katherine Brown’s desk, where she is expected to sign the bill into law.
Key provisions and significance of SB 1547 include:
50% RPS by 2040
Oregon’s two largest utilities – PacifiCorp and PGE – will have a 50% RPS standard by 2040, meaning 50% of their electricity supply must be derived from renewable energy sources. The two largest utilities serve approximately 70% of Oregon customers’ electricity needs. There was no change to the existing requirements on consumer-owned utilities.
- This is one of the most aggressive RPS standards in the nation, matched only by California and New York, which have a 50% target by 2030, Vermont, which has a 75% target by 2032, and Hawaii, which has a 100% target by 2045.
- The existing ratepayer protections relating to RPS compliance were retained, capping the incremental costs of compliance at 4% of the utilities annual revenue requirement for a compliance year. A new provision was added to permit the Oregon PUC to temporarily suspend RPS compliance if the utility determines that grid reliability is seriously compromised.
- The Oregon PUC will implement competitive bidding rules governing electric companies’ RPS implementation plans to ensure that electric companies acquire electricity from diverse renewable energy generators.
Continue Reading Oregon legislators pass historic renewable energy bill, with 50% RPS and coal-fired electricity phaseout
Qualification and Application Checklist for New DOE Loan Guarantee Solicitation for Renewable Energy and Efficiency Projects
Late last week, the United States Dept. of Energy (“DOE”) Loan Program Office issued a final solicitation for projects seeking loan guarantees titled “Federal Loan Guarantees for Renewable Energy Projects and Efficient Energy Projects.” Issued under the DOE’s Section 1703 Loan Program (named for Section 1703 of Title XVII of the Energy Policy Act of 2005), the Renewable and Efficient Energy Projects solicitation will make up to $2.5 billion in direct loan guarantees* available to “catalytic projects”- i.e., those that will push the commercial deployment of innovative technologies in future projects. Download a copy of the solicitation (PDF).
We provide a checklist of project eligibility, program requirements and the loan guarantee application process below.…
Continue Reading Qualification and Application Checklist for New DOE Loan Guarantee Solicitation for Renewable Energy and Efficiency Projects
NV Energy Wants More Solar
NV Energy is in the market for solar. On March 10, 2014, the utility issued a Request for Information (“Solar Site RFI”), asking developers to help identify potential sites for solar projects that would be 20 MW AC or greater in size and are sufficiently developed to meet a 2016 commercial operation date.
The Solar Site…
Army Pre-Qualifies Biomass Developers Under MATOC
On September 23, 2013, the U.S. Army Engineering & Support Center in Huntsville, Alabama, acting in conjunction with the Army Energy Initiatives Task Force, issued its final round of awards under the multi-award task order contract for renewable and alternative energy issued last summer (Solicitation Number W912DY-11-R-0036, the “MATOC”). The Army received 52 proposals in the…
California AB 327 Passes California Legislature; Heads to the Governor for Signature
Following several months of debate among ratepayer advocates, utilities and solar industry groups, California’s Assembly Bill 327 ("AB 327") passed the California Assembly this week and now awaits Governor Brown’s signature.
This bill would effect policy reform in three major areas:
- The tiered rate structure for residential customers, generally, and the fixed charges assessed to
Army Announces MATOC Awards for Wind Developers
On September 9, 2013, the U.S. Army Engineering & Support Center in Huntsville, Alabama, acting in conjunction with the Army Energy Initiatives Task Force (“EITF”), issued the third round of awards under the multi-award task order contract for renewable and alternative energy (Solicitation Number W912DY-11-R-0036, the “MATOC”) issued last summer. The Army received 45 proposals…
Army Pre-Qualifies Solar Developers Under MATOC
On August 28, 2013, the U.S. Army Engineering & Support Center in Huntsville, Alabama, acting in conjunction with the Army Energy Initiatives Task Force (“EITF”), issued a second round of awards under the multi-award task order contract for renewable and alternative energy that hit the streets last summer (Solicitation Number W912DY-11-R-0036, the “MATOC”). The number of awards is somewhat surprising, however, given the Army’s early-stated desire to qualify as many applicants as possible in each technology category. In total, there were 114 proposals submitted for the solar technology segment of the MATOC, but only twenty-two (22) Indefinite Delivery/Indefinite Quantity (“ID/IQ”) contracts were issued yesterday. Thus, the Army rejected more than 80% of the applicants. Of the awards the Army did make, only six (6) were to small businesses (as defined in the solicitation). …
Continue Reading Army Pre-Qualifies Solar Developers Under MATOC
Upcoming Event: German-American Renewable Energies Business Breakfast Seminar – Portland, OR
Portland locals, please join our friends Germany Trade & Invest and the German American Chamber of Commerce, Inc. at the German-American Renewable Energies Business Breakfast Seminar on Tuesday, June 25 at the Heathman Hotel.
Over breakfast, German and American industry experts will give you insights on the current status, future trends and investment opportunities in…