Wind and solar energy companies wait in limbo and electric vehicle advocates expect a hit much like the rest of the automotive sector as the coronavirus causes uncertainty across the clean energy industry.
MiBiz Growth Report for March 15, 2020.
MUSKEGON — A West Michigan solar energy developer that has focused on equity and job training in low-income communities will partner with the city of Muskegon Heights to install solar panels on five city-owned properties.
The closure date of a large coal plant along the Lake Michigan shoreline could be moved up under a proposed settlement agreement between Consumers Energy and multiple environmental and energy groups. In late March, the Jackson-based utility announced it had reached a deal with groups over its long-term energy plan, which includes closing all of its coal units and building out thousands of megawatts of solar energy by 2040.
MUSKEGON — A West Michigan solar energy developer is pursuing new projects and job-training in low-income communities across the state that qualify for tax relief under recent federal tax reforms. The Tax Cuts and Jobs Act of 2017 created qualified Opportunity Zones that allow investors to defer taxes on capital gains meant to spur development in low-income areas. While most projects involve real estate development, some developers across the U.S. are beginning to explore the potential for renewable energy in Opportunity Zones.
Consumers Energy plans a major shift to solar energy over the next two decades, but the extent to which the Jackson-based utility will rely on third-party developers eager to build projects in Michigan remains unclear.