New York PSC Approves Ravenswood Energy Storage Project

LCG, October 18, 2019--The New York State Public Service Commission (PSC) yesterday approved construction of the largest battery storage facility in New York State history. The 316-MW Ravenswood Energy Storage Project will be built in Long Island City, Queens, New York and scheduled to be partially operational by March 2021.

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Xcel Energy, EVRAZ North America and Lightsource BP Announce 250-MW Solar Project in Colorado

LCG, October 1, 2019--Xcel Energy, EVRAZ North America and Lightsource BP announced Friday that they have reached a long-term agreement to develop a 240-MW solar facility in Colorado. Lightsource BP will finance, build, own and operate the Bighorn Solar project and sell all the electricity it generates to Xcel Energy under a long-term power purchase agreement (PPA). The project will be built on EVRAZ Rocky Mountain Steel property in Pueblo, making it the largest on-site solar facility dedicated to a single customer in the country.

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Industry News

UK May Exempt Efficient Power Plants from Taxes

LCG, Nov. 19, 2001--The British Treasury is investigating whether it can overcome European Union rules on state aid so it can grant full exemption from its controversial climate change levy to energy efficient heat and power producers, the Financial Times reported yesterday.

The tax that would be removed would be that on electricity produced in cogeneration plants and sold in the open market through National Grid. That output is now taxed under the climate change levy but the government wants to double the output of cogenerators by 2010 as part of its efforts to reduce greenhouse gas emissions.

The Treasury has told cogeneration developers that full exemption from the tax would be likely to be classed as state aid needing EU approval. It said it is checking whether measures taken by other EU members to promote green energy developments might have created a precedent to allow further help for CHP developers.

Two British government agencies, the Department of Environment and Rural Affairs and the Department of Trade and Industry have been pressing Treasury to exclude all combined heat and power-generated electricity from the tax, the Financial Times said.

David Green director of the Combined Heat and Power Association said: "This is a critical decision. Full exemption will help build new confidence in the industry and prevent further job losses." A number of heat and power projects have recently been cancelled because of high gas prices, problems over new electricity trading arrangements and the climate change levy itself, the paper said.

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