News

Governor Youngkin releases the 2022 Virginia Energy Plan
SEWC Press Release , October 04, 2022

Richmond, VA - This morning, Governor Glenn Yougkin and the Virginia Department of Energy unveiled the newest iteration of the Virginia Energy Plan, a proposal outlining the vision toward modernizing the Commonwealth’s energy system. The strategy released today highlights the need to continue building out offshore wind projects to drive economic growth while lowering energy costs for ratepayers. Given its independence from traditional fuel sources and low resource requirements post-construction, wind energy will help the Youngkin Administration lower costs of living for Virginians, create jobs, and encourage growth while establishing Virginia as a leader in industry’s supply chain.

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Opinion: NC Must Seize the Day on Wind Power
Op-ed , August 31, 2022

When the Inflation Reduction Act was signed this month, North Carolina won the lottery, giving us 369 billion reasons to be optimistic about the good that can be achieved with those dollars. Offshore wind was a clear winner, strengthening our state’s shot at thousands of jobs and hundreds of millions in manufacturing, construction and other economic investments.

But those dollars won’t magically appear unless N.C. government leaders plan now to secure funds for programs and projects that will maximize N.C.’s share of the benefits. Our state may be a strong leader in clean energy, but other states are taking concrete steps to attract manufacturers who’ll bring well-paying jobs and economic benefits with them.

Read more at: https://www.newsobserver.com/opinion/article265036439.html#storylink=cpy

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SEWC Statement on the House Passage of the Inflation Reduction Act of 2022
SEWC Press Release , August 15, 2022

Today, the U.S. House of Representatives passed the Inflation Reduction Act of 2022, which is the single largest climate and energy investment in history. With over $369 billion in climate, resilience, and energy investments, this bill represents a historic stride in the Biden Administration’s goal to cut carbon emissions 50% from 2005 levels by 2030.

Several key provisions within the bill’s text will directly support wind energy manufacturing, construction, and transmission, including an estimated $51 billion in renewable energy production tax credits which will support production of turbine components, $80 billion in new and extended investment tax credits to help mitigate upfront costs of clean electricity generation, and $100 million for interregional and offshore wind electricity transmission planning. In addition to these historic investments, the bill also includes a provision to lift the offshore wind leasing moratorium which entered into effect in July of this year, allowing for more projects off of North Carolina, South Carolina, Georgia, and Florida over the next 10 years.

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SEWC Statement on the Passage of the Inflation Reduction Act of 2022
SEWC Press Release , August 09, 2022

Raleigh, N.C. - Yesterday, the U.S. Senate passed the Inflation Reduction Act of 2022, which is the single largest climate and energy investment in history. The bill is intended to fight inflation and spur domestic energy production by reducing regulatory barriers and making strategic investments in the clean energy supply chain. With over $369 billion in climate, resilience, and energy investments, this bill represents a historic stride in the Biden Administration’s goal to cut carbon emissions 50% from 2005 levels by 2030.

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SEWC Statement on the Inflation Reduction Act of 2022
SEWC Press Release , July 28, 2022

Last night, Senate Majority Leader Chuck Schumer (D-NY) and Senator Joe Manchin (D-WV) announced a bill that includes the single largest climate and energy investment in United States history. The Inflation Reduction Act of 2022 is intended to fight inflation and spur domestic energy production by reducing regulatory barriers and making strategic investments in the clean energy supply chain. With $369 billion in climate, resilience and energy investments, the bill is estimated to cut carbon emissions by 40% by 2030

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