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As of March 2010 more than 550 ESPC projects worth $3.6 billion were awarded to 25 Federal Agencies and organizations in 49 states and the District of Columbia (D.C.). .). These projects saved an estimated 30.2 trillion BTU annually, equivalent to the energy consumed by 318,300, and $11 billion in energy costs, $9.6 billion goes to fund energy efficiency projects and $1.4 billion is reduced ...
Community Choice Aggregation (CCA), also known as Community Choice Energy, municipal aggregation, governmental aggregation, electricity aggregation, and community aggregation, is an alternative to the investor-owned utility energy supply system in which local entities in the United States aggregate the buying power of individual customers within a defined jurisdiction in order to secure ...
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 ...
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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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.
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