A new Manhattan-based REIT is the first in the country to invest exclusively in real estate used for the generation or transmission of electricity produced by alternative energy sources.
Tag Archives | green power
Governor Paterson last Friday announced the results of an RFP that the state issued in April of 2008 for a solar power project on Long Island. BP Solar will build a 36.9 megawatt facility at Brookhaven National Laboratory and enXco a 13.1 megawatt series of installations across public and private properties in Nassau and Suffolk Counties. 50 megawatts of solar power would triple New York State’s current capacity and serve 6500 residential LIPA customers annually. NYSERDA has already given LIPA $15 million for the project while it negotiates power purchase agreements (“PPAs”) with BP and enXco; these agreements typically run for twenty (20) years and contemplate the PPA provider (here, BP and enXco) selling the electricity generated by the installation to a utility company during the course of the agreement. LIPA will make the terms of these particular PPAs available once executed. According to GlobeSt.com, LIPA is attempting to secure stimulus dollars for the project. Note that the project would be eligible for the federal solar power tax credit (extended under TARP through the end of 2016) provided that it is operational before December 31, 2016; the available credit is equal to 30 percent of the cost of the installation and there is no maximum credit limit.
Despite the gloom on Wall Street, an investment bank focusing entirely on green technology is on track to double its revenues by 2009.
There’s quite a bit of important green building-related activity taking place across the Hudson River in Hoboken, New Jersey.
Based in what it believes is prime wind energy country upstate, the company plans to move into the fledgling market for smaller scale, residential wind turbines beginning this fall.
The Brooklyn Navy Yard’s Perry Building is slated for LEED-CS Silver and will also include a photovoltaic and wind power pilot program.
An ambitious new proposal aims to build seven 400-foot wind turbines that could generate 17 megawatts of energy right on top of the Fresh Kills landfill.
A new program will provide over $100 million towards financing solar power systems across the state of New Jersey.
It might not look like it on paper, but New York City’s clean tech industry has a promising future for attracting venture capital.
The Long Island Power Authority’s (“LIPA”) 140 megawatt, $811 million Offshore Wind Park project- one of the New York City metropolitan area’s most controversial projects in recent memory- appears to be dead in the water. The Wind Park was to be located off Long Island’s South Shore, about 3.6 miles into the Atlantic from Jones […]