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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 ...
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]
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 ...
Solar power in Virginia on rooftops is estimated to be capable of providing 32.4% of electricity used in Virginia using 28,500 MW of solar panels. [1] Installing solar panels provides a 6.8% return on investment in Virginia, and a 5 kW array would return a profit of $16,041 over its 25 year life.
States with RPS programs have associated renewable energy certificate trading programs. RECs provide a mechanism by which to track the amount of renewable power being sold and to financially reward eligible power producers. For each unit of power that an eligible producer generates, a certificate or credit is issued.
Started in 2010, the program "is the only program administered by the U.S. Department of Energy (DOE) that provides cost-shared resources directly to the states for allocation by the governor-designated State Energy Office for use in energy efficiency and clean energy innovation, development, and demonstration activities.”
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The Virginia Offshore Wind Technology Advancement Project (VOWTAP) is a program to establish offshore wind farms in the Atlantic Ocean off the coast of Virginia. [13] In May 2014, Dominion Virginia Power was awarded $47 million from the United States Department of Energy (DOE) to help fund the construction of a 12-megawatt demonstration project ...
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