First - a reminder - Tariffs are (as of writing) still set to kick in this weekend on all imports from Mexico and Canada, and thus far they do not exempt oil imports from Canada, which could impact New England over the next several weeks, barring updates. We won't know what, if any, impacts there will be until early next week, most likely. Petitions are pending to exempt oil imports from the tariffs but there has not been any publicly confirmed change on that by the Administration as of Friday afternoon. Additionally, there are looming questions about price impacts on electricity in Northern New England that is Canadian sourced and whether that would be subject to the same 25% tariff.
ESG & Industry Updates
Topics: EPA, Climate Change, tariff, Trump Administration, Biden Administration, paris accord, offshore wind, ev
January 2024 saw the first operational turbine on the Vineyard Wind project deliver 5 megawatts of power to the New England electrical grid. The project began in 2022 and upon completion is projected to generate 800 megawatts of electricity, reducing carbon emissions by 1.6 million tons per year.
Topics: renewable energy, offshore wind, vineyard wind
In another move forward against Climate Change, Massachusetts will be home to the United States' first utility-scale offshore wind project. Vineyard Wind, about 35 miles off the Mass coast, will produce up to 800 megawatts of electricity, powering 400,000 homes and businesses across the Commonwealth, dropping carbon emissions by up to 1.6 million tons per year.
Topics: Oil & Energy Magazine, Massachusetts, offshore wind, decarbonization
Independent research organization Climate Central published a report recently that showed how the national capacity for solar and wind generated power shot up in 2022. The report comes just as the Biden Administration begins rolling out billions of dollars to renewable energy projects as part of its commitment to decarbonizing the grid completely by 2030 and getting the US to net zero emission by 2050.
Topics: Solar, Carbon Emissions, renewable energy, Biden Administration, offshore wind, decarbonization
Renewable Advocates Target ISO New England over Natural Gas Preference
Posted by Kelly Burke on May 9, 2022 8:45:00 AM
In March, RENEW Northeast and the American Clean Power Association (ACPA) filed a complaint with the Federal Energy Regulatory Committee (FERC) asking the agency to find that ISO New England market rules “provide undue preference to natural gas only resources” and to direct the grid operator to fix its ruled to end that preference.
Topics: Solar, natural gas, renewable energy, ferc, offshore wind
Offshore Wind Breathes New Life into Old Coal Facility in MA
Posted by Kelly Burke on Mar 25, 2022 10:45:00 AM
Brayton Point in Somerset was once the largest coal-fired plant in Massachusetts, and was the last to be decommissioned in 2017.
Topics: Massachusetts, Climate Change, Clean Energy, offshore wind
Biden's Offshore Wind Plan Bolsters NE Clean Energy Goals
Posted by Kelly Burke on Jul 22, 2021 11:11:53 AM
The Biden Administation has the ambitious goal of bringing 30 gigawatts of offshore wind online by 2030, and 1.4 of those gigawatts are slated to come from the New England coast.
Topics: Massachusetts, Carbon Emissions, renewable energy, Clean Energy, offshore wind
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