SlideShare a Scribd company logo
1 of 14
Download to read offline
Mintz Levin. Not your standard practice.
Policy and Legal Implications of
Implementing Renewable Energy at Scale
Thomas R. Burton III, Chair, Energy Technology Practice
August 2015
12th Annual AREDAY Summit
2
• Supply and Demand Geographic
Mismatch
• Finance Gap for Innovation Deployment
• To DG or Not to DG – That's the Question
• Intermittent Power Generation
Characteristics
Key Barriers to Adoption of Renewable Energy At Scale
Supply and Demand Geographic Mismatch
3
• About 60% of wind energy is produced inland
• Extensive transmission networks necessary to
meet demand
Currently, the supply
of renewables is
inland, while demand
is on the coasts
• Federal Power Act's limitations
States and localities
have a say in
transmission
regulations
• CapX2020 – "Buy the Farm" Law
• Ohio revised setback distance last year to a
minimum of 1,125 ft. from property line,
immediately killed several proposed wind
farms
Regulatory
requirements vary
widely and change
drastically during
project development
Solution: Federal Preemption to Simplify the Process
• Congress can and should have a
comprehensive response
– On energy, the Supreme Court agrees
• Precedent: Telecommunications Act of
1996, 1980 Comprehensive Environmental
Response, Compensation, and Liability Act
(CERCLA)
• For more, read Ann Klee, Jeffrey Porter, and Katy
Ward's analysis in Gas Lines to Pipelines: The Case for
Comprehensive Federal Energy Legislation
4
Solution: Clean Power Plan
5
Overview
•Building Block 3
•Federal Implementation Plan
Challenges
•Increased Generation Costs
•Infrastructure Gap
Opportunities
•Regional Partnerships – RGGI
•Corporate Leadership
• U.S. offshore wind potential is > 1000 GW according to National
Renewable Energy Laboratory estimate
• Deepwater Wind: 30 MW project off Block Island, Rhode Island
• Atlantic Wind Connection
Solution: Deploy Offshore Wind to bring supply to
demand
6
Finance Gap for Innovation Deployment
• Tremendous innovation, but shortfall in matching capital to
projects
• New U.S. CleanTech Investment peaked in Q4 2013, according
to Bloomberg New Energy Finance
• Need creative financial structures to accelerate adoption
7
New Investment in Clean Energy in the U.S. ($BN)
Source: BNEF
Solution: Consistent Financial Policy
• Congress extends tax credits, but offers little certainty
– PTC: Senate approved extension July 21st through 2016
– ITC: Likely addressed via a tax reform negotiation in 2017
– Sustainable proposals to sunset may be a solution
• Grow More Green Banks
– Connecticut: Attracted $225 million last year
– New York: Initial commitment of over $800 million
– PACE
• For renewable solutions to scale, government must lead the way
as an early adopter, which can unlock financing
– Federal
– Local
8
Solution: Matching Capital with Projects
• Aligned Intermediary (AI): a mechanism for helping long term investors
invest in the most promising resource innovation ventures, according to
Alicia Seiger's Energizing The US Resource Innovation Ecosystem report
• Structured as a non-profit, non-stock corporation organized and
operated for charitable, educational, and scientific purposes.
• Roles would include:
– Facilitator
– Buy-side Advisor
– Collaborator
– Finance Expert
– Syndicator
– Standardizer
– Anonymizer
9
Source: Seiger's Energizing The U.S. Resource
Innovation Ecosystem
To DG or Not to DG – That's The Question
10
Have to strike a balance that encourages DG and allows utilities to adapt to a
changing landscape
This creates a rate design issue
As DG customers pay less, non-DG
customers pay more to compensate
Massachusetts California
Rapid growth of DG over the past two years expected to continue
Criticism: DG users take advantage of utility infrastructure without paying full share into the system
Current battleground: utilities' traditionally centralized business models and
consumers employing DG
Striking the Right Balance Can Take Many Forms
11
•Could increase cost protections or end
subsidies
•Example: Net Metering Changes in AZ,
CA, MN, MA
•Could increase cost protections or end
subsidies
•Example: Net Metering Changes in AZ,
CA, MN, MA
Policy and
Regulation
Reform
•NRG
•Issues for Entrepreneurs
•NRG
•Issues for Entrepreneurs
Utilities
Leveraging DG
•Access Charges
•Examples: NM and KS
•Access Charges
•Examples: NM and KS
Adjusting
Traditional
Business Models
Renewables Intermittent Power Generation
• Ramp up – generation
declines as demand
increases
– California ISO "duck curve"
• Ramp down – supply
overload on transmission
lines
– Vermont: ISO-NE renewable
energy cutbacks
12
Source: CA ISO
Solution: Policies Supporting Energy Storage Deployment
• Current market compares to solar
5 – 7 years ago (Baird Equity
Research)
– Costs have dropped 72% since
2010 (Clean Energy Pipeline).
• Government Action – Carrots and
Sticks
– CA Self Generation Incentive
Program - Extended through 2019
– Massachusetts Energy Storage
Initiative
– CA Energy Storage Mandate
• Large utilities need 1.3 GW of storage
by 2020
13
14

More Related Content

What's hot

Webinar: Build Back Better: Shaping the U.S. Stimulus Package for Infrastructure
Webinar: Build Back Better: Shaping the U.S. Stimulus Package for InfrastructureWebinar: Build Back Better: Shaping the U.S. Stimulus Package for Infrastructure
Webinar: Build Back Better: Shaping the U.S. Stimulus Package for InfrastructureWorld Resources Institute (WRI)
 
Qualified Energy Conservation Bonds (QECBs)
Qualified Energy Conservation Bonds (QECBs)Qualified Energy Conservation Bonds (QECBs)
Qualified Energy Conservation Bonds (QECBs)TNenergy
 
PESTEL analyses on offshore wind in USA
PESTEL analyses on offshore wind in USAPESTEL analyses on offshore wind in USA
PESTEL analyses on offshore wind in USANunoVendeirinho
 
Ibj indiana resists call for renewable energy mandates 11-28-10
Ibj   indiana resists call for renewable energy mandates 11-28-10Ibj   indiana resists call for renewable energy mandates 11-28-10
Ibj indiana resists call for renewable energy mandates 11-28-10ReBloom UpTown
 
Use of renewable energy for developing country
Use of renewable energy for developing countryUse of renewable energy for developing country
Use of renewable energy for developing countryEko Hernanto
 
China energy and environmental challenges
China energy and environmental challengesChina energy and environmental challenges
China energy and environmental challengesYibo Yang
 
Build Back Better: Public Transport and COVID-19 Recovery
Build Back Better: Public Transport and COVID-19 RecoveryBuild Back Better: Public Transport and COVID-19 Recovery
Build Back Better: Public Transport and COVID-19 RecoveryWorld Resources Institute (WRI)
 
Michigan needs expanded electric choice
Michigan needs expanded electric choiceMichigan needs expanded electric choice
Michigan needs expanded electric choice7presclean
 
Opportunities for Increased Utilization of Geothermal Resources in the United...
Opportunities for Increased Utilization of Geothermal Resources in the United...Opportunities for Increased Utilization of Geothermal Resources in the United...
Opportunities for Increased Utilization of Geothermal Resources in the United...Cx Associates
 
Energy Efficiency Implementation & Finance
Energy Efficiency Implementation & FinanceEnergy Efficiency Implementation & Finance
Energy Efficiency Implementation & FinanceAlliance To Save Energy
 
Fueling the Future: Sustainable and Renewable Energy Opportunities and Soluti...
Fueling the Future: Sustainable and Renewable Energy Opportunities and Soluti...Fueling the Future: Sustainable and Renewable Energy Opportunities and Soluti...
Fueling the Future: Sustainable and Renewable Energy Opportunities and Soluti...Career Communications Group
 
Integrating Customer Clean Energy Demand Into Utility Planning
Integrating Customer Clean Energy Demand Into Utility PlanningIntegrating Customer Clean Energy Demand Into Utility Planning
Integrating Customer Clean Energy Demand Into Utility PlanningWorld Resources Institute (WRI)
 
Benjamin Sovacool "The Nordic Low-Carbon Transition: Implications and Insigh...
Benjamin Sovacool  "The Nordic Low-Carbon Transition: Implications and Insigh...Benjamin Sovacool  "The Nordic Low-Carbon Transition: Implications and Insigh...
Benjamin Sovacool "The Nordic Low-Carbon Transition: Implications and Insigh...Energy Cultures 2 Janet Stephenson
 
The case for net metering in Country 'X'
The case for net metering in Country 'X'The case for net metering in Country 'X'
The case for net metering in Country 'X'Joseph Saviour
 
Greenpeace's report on india telecom sector ppt
Greenpeace's report on india telecom sector pptGreenpeace's report on india telecom sector ppt
Greenpeace's report on india telecom sector pptRijil Lal
 
Survey of Clean Energy Goals Impacting Integrated Resource Planning (IRP)
Survey of Clean Energy Goals Impacting Integrated Resource Planning (IRP)Survey of Clean Energy Goals Impacting Integrated Resource Planning (IRP)
Survey of Clean Energy Goals Impacting Integrated Resource Planning (IRP)World Resources Institute (WRI)
 
GloSho'14: Accessing the Water and Energy Markets of California - Robert Weis...
GloSho'14: Accessing the Water and Energy Markets of California - Robert Weis...GloSho'14: Accessing the Water and Energy Markets of California - Robert Weis...
GloSho'14: Accessing the Water and Energy Markets of California - Robert Weis...Los Angeles Cleantech Incubator (LACI)
 

What's hot (19)

Webinar: Build Back Better: Shaping the U.S. Stimulus Package for Infrastructure
Webinar: Build Back Better: Shaping the U.S. Stimulus Package for InfrastructureWebinar: Build Back Better: Shaping the U.S. Stimulus Package for Infrastructure
Webinar: Build Back Better: Shaping the U.S. Stimulus Package for Infrastructure
 
Qualified Energy Conservation Bonds (QECBs)
Qualified Energy Conservation Bonds (QECBs)Qualified Energy Conservation Bonds (QECBs)
Qualified Energy Conservation Bonds (QECBs)
 
PESTEL analyses on offshore wind in USA
PESTEL analyses on offshore wind in USAPESTEL analyses on offshore wind in USA
PESTEL analyses on offshore wind in USA
 
Ibj indiana resists call for renewable energy mandates 11-28-10
Ibj   indiana resists call for renewable energy mandates 11-28-10Ibj   indiana resists call for renewable energy mandates 11-28-10
Ibj indiana resists call for renewable energy mandates 11-28-10
 
Edwin Nateminya - Green Growth Diagnostics for Africa
Edwin Nateminya - Green Growth Diagnostics for AfricaEdwin Nateminya - Green Growth Diagnostics for Africa
Edwin Nateminya - Green Growth Diagnostics for Africa
 
Use of renewable energy for developing country
Use of renewable energy for developing countryUse of renewable energy for developing country
Use of renewable energy for developing country
 
China energy and environmental challenges
China energy and environmental challengesChina energy and environmental challenges
China energy and environmental challenges
 
Build Back Better: Public Transport and COVID-19 Recovery
Build Back Better: Public Transport and COVID-19 RecoveryBuild Back Better: Public Transport and COVID-19 Recovery
Build Back Better: Public Transport and COVID-19 Recovery
 
Michigan needs expanded electric choice
Michigan needs expanded electric choiceMichigan needs expanded electric choice
Michigan needs expanded electric choice
 
Opportunities for Increased Utilization of Geothermal Resources in the United...
Opportunities for Increased Utilization of Geothermal Resources in the United...Opportunities for Increased Utilization of Geothermal Resources in the United...
Opportunities for Increased Utilization of Geothermal Resources in the United...
 
Energy Efficiency Implementation & Finance
Energy Efficiency Implementation & FinanceEnergy Efficiency Implementation & Finance
Energy Efficiency Implementation & Finance
 
CEI Email 7.28.03
CEI Email 7.28.03CEI Email 7.28.03
CEI Email 7.28.03
 
Fueling the Future: Sustainable and Renewable Energy Opportunities and Soluti...
Fueling the Future: Sustainable and Renewable Energy Opportunities and Soluti...Fueling the Future: Sustainable and Renewable Energy Opportunities and Soluti...
Fueling the Future: Sustainable and Renewable Energy Opportunities and Soluti...
 
Integrating Customer Clean Energy Demand Into Utility Planning
Integrating Customer Clean Energy Demand Into Utility PlanningIntegrating Customer Clean Energy Demand Into Utility Planning
Integrating Customer Clean Energy Demand Into Utility Planning
 
Benjamin Sovacool "The Nordic Low-Carbon Transition: Implications and Insigh...
Benjamin Sovacool  "The Nordic Low-Carbon Transition: Implications and Insigh...Benjamin Sovacool  "The Nordic Low-Carbon Transition: Implications and Insigh...
Benjamin Sovacool "The Nordic Low-Carbon Transition: Implications and Insigh...
 
The case for net metering in Country 'X'
The case for net metering in Country 'X'The case for net metering in Country 'X'
The case for net metering in Country 'X'
 
Greenpeace's report on india telecom sector ppt
Greenpeace's report on india telecom sector pptGreenpeace's report on india telecom sector ppt
Greenpeace's report on india telecom sector ppt
 
Survey of Clean Energy Goals Impacting Integrated Resource Planning (IRP)
Survey of Clean Energy Goals Impacting Integrated Resource Planning (IRP)Survey of Clean Energy Goals Impacting Integrated Resource Planning (IRP)
Survey of Clean Energy Goals Impacting Integrated Resource Planning (IRP)
 
GloSho'14: Accessing the Water and Energy Markets of California - Robert Weis...
GloSho'14: Accessing the Water and Energy Markets of California - Robert Weis...GloSho'14: Accessing the Water and Energy Markets of California - Robert Weis...
GloSho'14: Accessing the Water and Energy Markets of California - Robert Weis...
 

Viewers also liked

Моделирование будущего - Клиенты
Моделирование будущего - КлиентыМоделирование будущего - Клиенты
Моделирование будущего - КлиентыSergii Kadubovskyi
 
Florida Medicaid Expansion Chartbook
Florida Medicaid Expansion Chartbook Florida Medicaid Expansion Chartbook
Florida Medicaid Expansion Chartbook LeslieFPI
 
Successful vs unsuccessful
Successful vs unsuccessfulSuccessful vs unsuccessful
Successful vs unsuccessfulMohd Amir
 
Paster Seattle Poster FORPRINT 121612
Paster Seattle Poster FORPRINT 121612Paster Seattle Poster FORPRINT 121612
Paster Seattle Poster FORPRINT 121612David Paster
 
применение цор на уроках информатики
применение цор на уроках информатикиприменение цор на уроках информатики
применение цор на уроках информатикиКсения жевак
 
Γνωρίζω την Αυστρία
Γνωρίζω την Αυστρία Γνωρίζω την Αυστρία
Γνωρίζω την Αυστρία maritheoch
 
Develop a Killer Patent Strategy to Achieve Your End-Game
Develop a Killer Patent Strategy to Achieve Your End-GameDevelop a Killer Patent Strategy to Achieve Your End-Game
Develop a Killer Patent Strategy to Achieve Your End-GameMintz Levin
 
Understanding Medicaid in Georgia and the Opportunity to Improve it
Understanding Medicaid in Georgia and the Opportunity to Improve itUnderstanding Medicaid in Georgia and the Opportunity to Improve it
Understanding Medicaid in Georgia and the Opportunity to Improve itGeorgians for a Healthy Future
 
Кружок по робототехнике. Занятие #6. Ветвления
Кружок по робототехнике. Занятие #6. Ветвления Кружок по робототехнике. Занятие #6. Ветвления
Кружок по робототехнике. Занятие #6. Ветвления Alexander Kolotov
 
AppsTurismo Enogastronómico: "León Enoturismo"
AppsTurismo Enogastronómico: "León Enoturismo"AppsTurismo Enogastronómico: "León Enoturismo"
AppsTurismo Enogastronómico: "León Enoturismo"Congreso Turismo Rural
 
Кружок по робототехнике. Занятие #7. Решение задач
Кружок по робототехнике. Занятие #7. Решение задачКружок по робототехнике. Занятие #7. Решение задач
Кружок по робототехнике. Занятие #7. Решение задачAlexander Kolotov
 
webquest - ciclo de la mariposa
webquest - ciclo de la mariposawebquest - ciclo de la mariposa
webquest - ciclo de la mariposametalmerge
 
Turismo deportivo como medio, no como fin
Turismo deportivo como medio, no como finTurismo deportivo como medio, no como fin
Turismo deportivo como medio, no como finCongreso Turismo Rural
 

Viewers also liked (20)

vidastur
vidasturvidastur
vidastur
 
Моделирование будущего - Клиенты
Моделирование будущего - КлиентыМоделирование будущего - Клиенты
Моделирование будущего - Клиенты
 
7 c yi yun
7 c yi yun7 c yi yun
7 c yi yun
 
Florida Medicaid Expansion Chartbook
Florida Medicaid Expansion Chartbook Florida Medicaid Expansion Chartbook
Florida Medicaid Expansion Chartbook
 
Successful vs unsuccessful
Successful vs unsuccessfulSuccessful vs unsuccessful
Successful vs unsuccessful
 
La aplicacion de las tic en el nivel basico
La aplicacion de las tic en el nivel basicoLa aplicacion de las tic en el nivel basico
La aplicacion de las tic en el nivel basico
 
Paster Seattle Poster FORPRINT 121612
Paster Seattle Poster FORPRINT 121612Paster Seattle Poster FORPRINT 121612
Paster Seattle Poster FORPRINT 121612
 
Ecosistemas
EcosistemasEcosistemas
Ecosistemas
 
применение цор на уроках информатики
применение цор на уроках информатикиприменение цор на уроках информатики
применение цор на уроках информатики
 
7 a alfred
7 a alfred7 a alfred
7 a alfred
 
Γνωρίζω την Αυστρία
Γνωρίζω την Αυστρία Γνωρίζω την Αυστρία
Γνωρίζω την Αυστρία
 
Develop a Killer Patent Strategy to Achieve Your End-Game
Develop a Killer Patent Strategy to Achieve Your End-GameDevelop a Killer Patent Strategy to Achieve Your End-Game
Develop a Killer Patent Strategy to Achieve Your End-Game
 
Understanding Medicaid in Georgia and the Opportunity to Improve it
Understanding Medicaid in Georgia and the Opportunity to Improve itUnderstanding Medicaid in Georgia and the Opportunity to Improve it
Understanding Medicaid in Georgia and the Opportunity to Improve it
 
Кружок по робототехнике. Занятие #6. Ветвления
Кружок по робототехнике. Занятие #6. Ветвления Кружок по робототехнике. Занятие #6. Ветвления
Кружок по робототехнике. Занятие #6. Ветвления
 
Monitorizacion en internet
Monitorizacion en internetMonitorizacion en internet
Monitorizacion en internet
 
AppsTurismo Enogastronómico: "León Enoturismo"
AppsTurismo Enogastronómico: "León Enoturismo"AppsTurismo Enogastronómico: "León Enoturismo"
AppsTurismo Enogastronómico: "León Enoturismo"
 
Кружок по робототехнике. Занятие #7. Решение задач
Кружок по робототехнике. Занятие #7. Решение задачКружок по робототехнике. Занятие #7. Решение задач
Кружок по робототехнике. Занятие #7. Решение задач
 
webquest - ciclo de la mariposa
webquest - ciclo de la mariposawebquest - ciclo de la mariposa
webquest - ciclo de la mariposa
 
Turismo deportivo como medio, no como fin
Turismo deportivo como medio, no como finTurismo deportivo como medio, no como fin
Turismo deportivo como medio, no como fin
 
Moturisme Ara Lleida
Moturisme Ara LleidaMoturisme Ara Lleida
Moturisme Ara Lleida
 

Similar to Policy & Legal Implications of Implementing Renewable Energy at Scale

Connecticut Self Storage Association Presentation
Connecticut Self Storage Association PresentationConnecticut Self Storage Association Presentation
Connecticut Self Storage Association PresentationRRinc
 
Opportunities and Compliance Obligations under the Federal Stimulus Package
Opportunities and Compliance Obligations under the Federal Stimulus PackageOpportunities and Compliance Obligations under the Federal Stimulus Package
Opportunities and Compliance Obligations under the Federal Stimulus PackageAndrew Ratzkin
 
Current US Policies and Future R&D Directions
Current US Policies and Future R&D Directions Current US Policies and Future R&D Directions
Current US Policies and Future R&D Directions Iceland Geothermal
 
Captured by a broken market
Captured by a broken marketCaptured by a broken market
Captured by a broken marketIan McLeod
 
NY REV: How You Can Take Advantage of New York's Revolutionary Vision
NY REV: How You Can Take Advantage of New York's Revolutionary VisionNY REV: How You Can Take Advantage of New York's Revolutionary Vision
NY REV: How You Can Take Advantage of New York's Revolutionary VisionEEReports.com
 
4 accomplishments rmu - westin 5-24-16b
4   accomplishments rmu - westin 5-24-16b4   accomplishments rmu - westin 5-24-16b
4 accomplishments rmu - westin 5-24-16bDan Westin
 
M keynote 820_mc_cue_jones
M keynote 820_mc_cue_jonesM keynote 820_mc_cue_jones
M keynote 820_mc_cue_jonesrobgirvan
 
Renewable Energy Presentation
Renewable Energy PresentationRenewable Energy Presentation
Renewable Energy PresentationMadeline Lefton
 
19Nov-EG1-Pernick ron
19Nov-EG1-Pernick ron19Nov-EG1-Pernick ron
19Nov-EG1-Pernick ronsmartcityexpo
 
Analysis of Community Microgrids: The path to resilient and sustainable commu...
Analysis of Community Microgrids: The path to resilient and sustainable commu...Analysis of Community Microgrids: The path to resilient and sustainable commu...
Analysis of Community Microgrids: The path to resilient and sustainable commu...Clean Coalition
 
Minerva 3 Nov 09
Minerva 3 Nov 09Minerva 3 Nov 09
Minerva 3 Nov 09lmaurer
 
Striking the Balance between Policy and Development of New Generation in Toda...
Striking the Balance between Policy and Development of New Generation in Toda...Striking the Balance between Policy and Development of New Generation in Toda...
Striking the Balance between Policy and Development of New Generation in Toda...Energy Network marcus evans
 
Capgemini ses - smart grid operational services - leveraging technology to ...
Capgemini   ses - smart grid operational services - leveraging technology to ...Capgemini   ses - smart grid operational services - leveraging technology to ...
Capgemini ses - smart grid operational services - leveraging technology to ...Gord Reynolds
 
2015 Altran Battery Storage White Paper
2015 Altran Battery Storage White Paper2015 Altran Battery Storage White Paper
2015 Altran Battery Storage White PaperPhilip Clark
 
Renewable Energy Act of 2008: Hits and Misses for the Philippine Geothermal I...
Renewable Energy Act of 2008: Hits and Misses for the Philippine Geothermal I...Renewable Energy Act of 2008: Hits and Misses for the Philippine Geothermal I...
Renewable Energy Act of 2008: Hits and Misses for the Philippine Geothermal I...Fernando Penarroyo
 
The ScottMadden Energy Industry Update – August 2014
The ScottMadden Energy Industry Update – August 2014The ScottMadden Energy Industry Update – August 2014
The ScottMadden Energy Industry Update – August 2014ScottMadden, Inc.
 
PGE_Energy_Forum_4-August-2017 (1).pdf
PGE_Energy_Forum_4-August-2017 (1).pdfPGE_Energy_Forum_4-August-2017 (1).pdf
PGE_Energy_Forum_4-August-2017 (1).pdfGauthamMithun
 
Overview of Utility Challenges and Responses to Distributed Solar Energy
Overview of Utility Challenges and Responses to Distributed Solar EnergyOverview of Utility Challenges and Responses to Distributed Solar Energy
Overview of Utility Challenges and Responses to Distributed Solar EnergyScottMadden, Inc.
 
The Development of the Renewable Energy Market in Latin America and the Carib...
The Development of the Renewable Energy Market in Latin America and the Carib...The Development of the Renewable Energy Market in Latin America and the Carib...
The Development of the Renewable Energy Market in Latin America and the Carib...Worldwatch Institute
 

Similar to Policy & Legal Implications of Implementing Renewable Energy at Scale (20)

Connecticut Self Storage Association Presentation
Connecticut Self Storage Association PresentationConnecticut Self Storage Association Presentation
Connecticut Self Storage Association Presentation
 
Opportunities and Compliance Obligations under the Federal Stimulus Package
Opportunities and Compliance Obligations under the Federal Stimulus PackageOpportunities and Compliance Obligations under the Federal Stimulus Package
Opportunities and Compliance Obligations under the Federal Stimulus Package
 
Current US Policies and Future R&D Directions
Current US Policies and Future R&D Directions Current US Policies and Future R&D Directions
Current US Policies and Future R&D Directions
 
Captured by a broken market
Captured by a broken marketCaptured by a broken market
Captured by a broken market
 
NY REV: How You Can Take Advantage of New York's Revolutionary Vision
NY REV: How You Can Take Advantage of New York's Revolutionary VisionNY REV: How You Can Take Advantage of New York's Revolutionary Vision
NY REV: How You Can Take Advantage of New York's Revolutionary Vision
 
4 accomplishments rmu - westin 5-24-16b
4   accomplishments rmu - westin 5-24-16b4   accomplishments rmu - westin 5-24-16b
4 accomplishments rmu - westin 5-24-16b
 
M keynote 820_mc_cue_jones
M keynote 820_mc_cue_jonesM keynote 820_mc_cue_jones
M keynote 820_mc_cue_jones
 
Renewable Energy Presentation
Renewable Energy PresentationRenewable Energy Presentation
Renewable Energy Presentation
 
19Nov-EG1-Pernick ron
19Nov-EG1-Pernick ron19Nov-EG1-Pernick ron
19Nov-EG1-Pernick ron
 
Analysis of Community Microgrids: The path to resilient and sustainable commu...
Analysis of Community Microgrids: The path to resilient and sustainable commu...Analysis of Community Microgrids: The path to resilient and sustainable commu...
Analysis of Community Microgrids: The path to resilient and sustainable commu...
 
Minerva 3 Nov 09
Minerva 3 Nov 09Minerva 3 Nov 09
Minerva 3 Nov 09
 
Striking the Balance between Policy and Development of New Generation in Toda...
Striking the Balance between Policy and Development of New Generation in Toda...Striking the Balance between Policy and Development of New Generation in Toda...
Striking the Balance between Policy and Development of New Generation in Toda...
 
Capgemini ses - smart grid operational services - leveraging technology to ...
Capgemini   ses - smart grid operational services - leveraging technology to ...Capgemini   ses - smart grid operational services - leveraging technology to ...
Capgemini ses - smart grid operational services - leveraging technology to ...
 
RESNET: Proposed Residential Energy Efficiency Initiatives
RESNET: Proposed Residential Energy Efficiency InitiativesRESNET: Proposed Residential Energy Efficiency Initiatives
RESNET: Proposed Residential Energy Efficiency Initiatives
 
2015 Altran Battery Storage White Paper
2015 Altran Battery Storage White Paper2015 Altran Battery Storage White Paper
2015 Altran Battery Storage White Paper
 
Renewable Energy Act of 2008: Hits and Misses for the Philippine Geothermal I...
Renewable Energy Act of 2008: Hits and Misses for the Philippine Geothermal I...Renewable Energy Act of 2008: Hits and Misses for the Philippine Geothermal I...
Renewable Energy Act of 2008: Hits and Misses for the Philippine Geothermal I...
 
The ScottMadden Energy Industry Update – August 2014
The ScottMadden Energy Industry Update – August 2014The ScottMadden Energy Industry Update – August 2014
The ScottMadden Energy Industry Update – August 2014
 
PGE_Energy_Forum_4-August-2017 (1).pdf
PGE_Energy_Forum_4-August-2017 (1).pdfPGE_Energy_Forum_4-August-2017 (1).pdf
PGE_Energy_Forum_4-August-2017 (1).pdf
 
Overview of Utility Challenges and Responses to Distributed Solar Energy
Overview of Utility Challenges and Responses to Distributed Solar EnergyOverview of Utility Challenges and Responses to Distributed Solar Energy
Overview of Utility Challenges and Responses to Distributed Solar Energy
 
The Development of the Renewable Energy Market in Latin America and the Carib...
The Development of the Renewable Energy Market in Latin America and the Carib...The Development of the Renewable Energy Market in Latin America and the Carib...
The Development of the Renewable Energy Market in Latin America and the Carib...
 

More from Mintz Levin

How to Sell Your Biotechnology Company
How to Sell Your Biotechnology CompanyHow to Sell Your Biotechnology Company
How to Sell Your Biotechnology CompanyMintz Levin
 
Anatomy of a Corruption Investigation for Pharmaceutical and Medical Device C...
Anatomy of a Corruption Investigation for Pharmaceutical and Medical Device C...Anatomy of a Corruption Investigation for Pharmaceutical and Medical Device C...
Anatomy of a Corruption Investigation for Pharmaceutical and Medical Device C...Mintz Levin
 
Corporate Formation: The Basics
Corporate Formation: The BasicsCorporate Formation: The Basics
Corporate Formation: The BasicsMintz Levin
 
Preparing Your Portfolio for Prime Time: IP Due Diligence
Preparing Your Portfolio for Prime Time: IP Due DiligencePreparing Your Portfolio for Prime Time: IP Due Diligence
Preparing Your Portfolio for Prime Time: IP Due DiligenceMintz Levin
 
Intellectual Property: What is intellectual property, and why is it important?
Intellectual Property: What is intellectual property, and why is it important? Intellectual Property: What is intellectual property, and why is it important?
Intellectual Property: What is intellectual property, and why is it important? Mintz Levin
 
Patent 101: Protecting Innovations
Patent 101: Protecting InnovationsPatent 101: Protecting Innovations
Patent 101: Protecting InnovationsMintz Levin
 
U.S. Patent Reform 2011: America Invents Act
U.S. Patent Reform 2011: America Invents ActU.S. Patent Reform 2011: America Invents Act
U.S. Patent Reform 2011: America Invents ActMintz Levin
 

More from Mintz Levin (7)

How to Sell Your Biotechnology Company
How to Sell Your Biotechnology CompanyHow to Sell Your Biotechnology Company
How to Sell Your Biotechnology Company
 
Anatomy of a Corruption Investigation for Pharmaceutical and Medical Device C...
Anatomy of a Corruption Investigation for Pharmaceutical and Medical Device C...Anatomy of a Corruption Investigation for Pharmaceutical and Medical Device C...
Anatomy of a Corruption Investigation for Pharmaceutical and Medical Device C...
 
Corporate Formation: The Basics
Corporate Formation: The BasicsCorporate Formation: The Basics
Corporate Formation: The Basics
 
Preparing Your Portfolio for Prime Time: IP Due Diligence
Preparing Your Portfolio for Prime Time: IP Due DiligencePreparing Your Portfolio for Prime Time: IP Due Diligence
Preparing Your Portfolio for Prime Time: IP Due Diligence
 
Intellectual Property: What is intellectual property, and why is it important?
Intellectual Property: What is intellectual property, and why is it important? Intellectual Property: What is intellectual property, and why is it important?
Intellectual Property: What is intellectual property, and why is it important?
 
Patent 101: Protecting Innovations
Patent 101: Protecting InnovationsPatent 101: Protecting Innovations
Patent 101: Protecting Innovations
 
U.S. Patent Reform 2011: America Invents Act
U.S. Patent Reform 2011: America Invents ActU.S. Patent Reform 2011: America Invents Act
U.S. Patent Reform 2011: America Invents Act
 

Recently uploaded

xLran: Open source AI for legal hackers.
xLran: Open source AI for legal hackers.xLran: Open source AI for legal hackers.
xLran: Open source AI for legal hackers.mike689707
 
Islamabad High Court Judges wrote a letter to Supreme Judicial Council.pdf
Islamabad High Court Judges wrote a letter to Supreme Judicial Council.pdfIslamabad High Court Judges wrote a letter to Supreme Judicial Council.pdf
Islamabad High Court Judges wrote a letter to Supreme Judicial Council.pdfNo One
 
An introduction to Indian Contract Act, 1872 by Shraddha Pandit
An introduction to Indian Contract Act, 1872 by Shraddha PanditAn introduction to Indian Contract Act, 1872 by Shraddha Pandit
An introduction to Indian Contract Act, 1872 by Shraddha PanditSHRADDHA PANDIT
 
Patents and AI: Current Tools, Future Solutions
Patents and AI: Current Tools, Future SolutionsPatents and AI: Current Tools, Future Solutions
Patents and AI: Current Tools, Future SolutionsAurora Consulting
 
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...Dr. Oliver Massmann
 
ArtificiaI Intelligence based Cyber Forensic Tools: Relevancy and Admissibili...
ArtificiaI Intelligence based Cyber Forensic Tools: Relevancy and Admissibili...ArtificiaI Intelligence based Cyber Forensic Tools: Relevancy and Admissibili...
ArtificiaI Intelligence based Cyber Forensic Tools: Relevancy and Admissibili...Anadi Tewari
 
The Ultimate Guide to Drafting Your Separation Agreement with a Template
The Ultimate Guide to Drafting Your Separation Agreement with a TemplateThe Ultimate Guide to Drafting Your Separation Agreement with a Template
The Ultimate Guide to Drafting Your Separation Agreement with a TemplateBTL Law P.C.
 
Women and the World of Climate Change- A Conceptual Foundation by Shraddha Pa...
Women and the World of Climate Change- A Conceptual Foundation by Shraddha Pa...Women and the World of Climate Change- A Conceptual Foundation by Shraddha Pa...
Women and the World of Climate Change- A Conceptual Foundation by Shraddha Pa...SHRADDHA PANDIT
 
Classification of Contracts in Business Regulations
Classification of Contracts in Business RegulationsClassification of Contracts in Business Regulations
Classification of Contracts in Business RegulationsSyedaAyeshaTabassum1
 

Recently uploaded (10)

xLran: Open source AI for legal hackers.
xLran: Open source AI for legal hackers.xLran: Open source AI for legal hackers.
xLran: Open source AI for legal hackers.
 
Islamabad High Court Judges wrote a letter to Supreme Judicial Council.pdf
Islamabad High Court Judges wrote a letter to Supreme Judicial Council.pdfIslamabad High Court Judges wrote a letter to Supreme Judicial Council.pdf
Islamabad High Court Judges wrote a letter to Supreme Judicial Council.pdf
 
An introduction to Indian Contract Act, 1872 by Shraddha Pandit
An introduction to Indian Contract Act, 1872 by Shraddha PanditAn introduction to Indian Contract Act, 1872 by Shraddha Pandit
An introduction to Indian Contract Act, 1872 by Shraddha Pandit
 
Patents and AI: Current Tools, Future Solutions
Patents and AI: Current Tools, Future SolutionsPatents and AI: Current Tools, Future Solutions
Patents and AI: Current Tools, Future Solutions
 
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
 
ArtificiaI Intelligence based Cyber Forensic Tools: Relevancy and Admissibili...
ArtificiaI Intelligence based Cyber Forensic Tools: Relevancy and Admissibili...ArtificiaI Intelligence based Cyber Forensic Tools: Relevancy and Admissibili...
ArtificiaI Intelligence based Cyber Forensic Tools: Relevancy and Admissibili...
 
The Ultimate Guide to Drafting Your Separation Agreement with a Template
The Ultimate Guide to Drafting Your Separation Agreement with a TemplateThe Ultimate Guide to Drafting Your Separation Agreement with a Template
The Ultimate Guide to Drafting Your Separation Agreement with a Template
 
Criminalizing Disabilities & False Confessions
Criminalizing Disabilities & False ConfessionsCriminalizing Disabilities & False Confessions
Criminalizing Disabilities & False Confessions
 
Women and the World of Climate Change- A Conceptual Foundation by Shraddha Pa...
Women and the World of Climate Change- A Conceptual Foundation by Shraddha Pa...Women and the World of Climate Change- A Conceptual Foundation by Shraddha Pa...
Women and the World of Climate Change- A Conceptual Foundation by Shraddha Pa...
 
Classification of Contracts in Business Regulations
Classification of Contracts in Business RegulationsClassification of Contracts in Business Regulations
Classification of Contracts in Business Regulations
 

Policy & Legal Implications of Implementing Renewable Energy at Scale

  • 1. Mintz Levin. Not your standard practice. Policy and Legal Implications of Implementing Renewable Energy at Scale Thomas R. Burton III, Chair, Energy Technology Practice August 2015 12th Annual AREDAY Summit
  • 2. 2 • Supply and Demand Geographic Mismatch • Finance Gap for Innovation Deployment • To DG or Not to DG – That's the Question • Intermittent Power Generation Characteristics Key Barriers to Adoption of Renewable Energy At Scale
  • 3. Supply and Demand Geographic Mismatch 3 • About 60% of wind energy is produced inland • Extensive transmission networks necessary to meet demand Currently, the supply of renewables is inland, while demand is on the coasts • Federal Power Act's limitations States and localities have a say in transmission regulations • CapX2020 – "Buy the Farm" Law • Ohio revised setback distance last year to a minimum of 1,125 ft. from property line, immediately killed several proposed wind farms Regulatory requirements vary widely and change drastically during project development
  • 4. Solution: Federal Preemption to Simplify the Process • Congress can and should have a comprehensive response – On energy, the Supreme Court agrees • Precedent: Telecommunications Act of 1996, 1980 Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) • For more, read Ann Klee, Jeffrey Porter, and Katy Ward's analysis in Gas Lines to Pipelines: The Case for Comprehensive Federal Energy Legislation 4
  • 5. Solution: Clean Power Plan 5 Overview •Building Block 3 •Federal Implementation Plan Challenges •Increased Generation Costs •Infrastructure Gap Opportunities •Regional Partnerships – RGGI •Corporate Leadership
  • 6. • U.S. offshore wind potential is > 1000 GW according to National Renewable Energy Laboratory estimate • Deepwater Wind: 30 MW project off Block Island, Rhode Island • Atlantic Wind Connection Solution: Deploy Offshore Wind to bring supply to demand 6
  • 7. Finance Gap for Innovation Deployment • Tremendous innovation, but shortfall in matching capital to projects • New U.S. CleanTech Investment peaked in Q4 2013, according to Bloomberg New Energy Finance • Need creative financial structures to accelerate adoption 7 New Investment in Clean Energy in the U.S. ($BN) Source: BNEF
  • 8. Solution: Consistent Financial Policy • Congress extends tax credits, but offers little certainty – PTC: Senate approved extension July 21st through 2016 – ITC: Likely addressed via a tax reform negotiation in 2017 – Sustainable proposals to sunset may be a solution • Grow More Green Banks – Connecticut: Attracted $225 million last year – New York: Initial commitment of over $800 million – PACE • For renewable solutions to scale, government must lead the way as an early adopter, which can unlock financing – Federal – Local 8
  • 9. Solution: Matching Capital with Projects • Aligned Intermediary (AI): a mechanism for helping long term investors invest in the most promising resource innovation ventures, according to Alicia Seiger's Energizing The US Resource Innovation Ecosystem report • Structured as a non-profit, non-stock corporation organized and operated for charitable, educational, and scientific purposes. • Roles would include: – Facilitator – Buy-side Advisor – Collaborator – Finance Expert – Syndicator – Standardizer – Anonymizer 9 Source: Seiger's Energizing The U.S. Resource Innovation Ecosystem
  • 10. To DG or Not to DG – That's The Question 10 Have to strike a balance that encourages DG and allows utilities to adapt to a changing landscape This creates a rate design issue As DG customers pay less, non-DG customers pay more to compensate Massachusetts California Rapid growth of DG over the past two years expected to continue Criticism: DG users take advantage of utility infrastructure without paying full share into the system Current battleground: utilities' traditionally centralized business models and consumers employing DG
  • 11. Striking the Right Balance Can Take Many Forms 11 •Could increase cost protections or end subsidies •Example: Net Metering Changes in AZ, CA, MN, MA •Could increase cost protections or end subsidies •Example: Net Metering Changes in AZ, CA, MN, MA Policy and Regulation Reform •NRG •Issues for Entrepreneurs •NRG •Issues for Entrepreneurs Utilities Leveraging DG •Access Charges •Examples: NM and KS •Access Charges •Examples: NM and KS Adjusting Traditional Business Models
  • 12. Renewables Intermittent Power Generation • Ramp up – generation declines as demand increases – California ISO "duck curve" • Ramp down – supply overload on transmission lines – Vermont: ISO-NE renewable energy cutbacks 12 Source: CA ISO
  • 13. Solution: Policies Supporting Energy Storage Deployment • Current market compares to solar 5 – 7 years ago (Baird Equity Research) – Costs have dropped 72% since 2010 (Clean Energy Pipeline). • Government Action – Carrots and Sticks – CA Self Generation Incentive Program - Extended through 2019 – Massachusetts Energy Storage Initiative – CA Energy Storage Mandate • Large utilities need 1.3 GW of storage by 2020 13
  • 14. 14