The New Mexico Renewable Energy Transmission Authority (RETA) Board has issued $50 million in bonds to upgrade the state’s transmission system and promote the growth of clean energy, according to the Associated Press.
Transmission upgrades will carry 100 megawatts (MW) of windpower to the Arizona state line, and the bond debt will be paid for by power sales to Arizona.
RETA was created in 2007 to plan and finance transmission lines to promote the development of renewable energy within New Mexico. RETA is one of only eight transmission authorities in the country and is only the second to issue bonds.
The wind power is being generated by the 40-turbine High Lonesome Wind Farm in Torrance County, NM.
North Carolina Solar Incentive
Progress Energy Carolinas (NYSE: PGN) will begin offering incentives to North Carolina residential customers who install and own solar photovoltaic (PV) systems at their homes, under a program approved today by the N.C. Utilities Commission.
The SunSense Solar PV program, expected to launch on Jan. 1, 2011, will provide upfront rebates of $1,000 per kilowatt of capacity and monthly bill credits of $4.50 per kilowatt for PV systems installed after the launch date.
Participants in the SunSense Solar PV program must be residential customers of Progress Energy Carolinas and must own the installed solar PV system, sized from 2 to 10 kilowatts. The total program capacity limit is 1 megawatt per year.
Under N.C. Senate Bill 3, the state’s electric utilities must increase the amount of energy produced by renewable resources, from 3 percent in 2012 to 12.5 percent in 2021.
Tug Of War Over California Green Chemistry Law
Two years ago, environmentalists and manufacturers joined together to back a law that made California the first state to regulate toxic chemicals in consumer products.
Now with regulations ready to take effect in January that support has broken down over how the law will be implemented.
Read the full story at the link below.
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