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The Virginia Clean Economy Act (HB 1526 and SB 851) was signed into law by Governor Ralph Northam in 2020. The bill establishes a renewable energy portfolio standard (RPS), which mandates that the two utilities in the state, Dominion Energy Virginia and Appalachian Electric Power, produce 100 percent renewable electricity by 2045 and 2050, respectively. [1]
The Regional Greenhouse Gas Initiative (RGGI, pronounced "Reggie") is the first mandatory market-based program to reduce greenhouse gas emissions by the United States.RGGI is a cooperative effort among the states of Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, Vermont, and Virginia to cap and reduce carbon dioxide (CO 2) emissions ...
PACE financing (property assessed clean energy financing) is a means used in the United States of America of financing energy efficiency upgrades, disaster resiliency improvements, water conservation measures, or renewable energy installations in existing or new construction of residential, commercial, and industrial property owners.
In 2009, ODEC proposed building a coal plant in Dendron, Virginia. [3] In 2010, ODEC agreed to purchase the output of the Criterion Wind Project under a 20 year contract. [4] Northern Virginia Electric Cooperative was a member of the cooperative until 31 December 2008, when it terminated its contract. [5]
In 2023, the electrical energy generation mix was 56% natural gas, 32.3% nuclear, 5.8% solar, 3.5% biomass, 1.5% coal, 0.2% petroleum, 0.1% hydroelectric, 0.1% wind, and 0.5% other. [ 1 ] The Virginia Clean Economy Act of 2020 directs the construction of 16,100 MW of solar power and onshore wind and up to 5,200 MW of offshore wind by 2035 ...
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Renewable Energy Payments are a competitive alternative to Renewable Energy Credits (REC's). Although the intent with both methods is the same, to stimulate growth in the alternative and renewable energy space, REP's have proven to offer benefits to local jobs, businesses and economies while making the growth fundable and lendable by financial ...
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