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North and South America Renewable Energy Policy Handbook 2015

Summary

“North and South America Renewable Energy Policy Handbook 2015” is the latest policy report from GlobalData, the industry analysis specialists that offer comprehensive information on major policies governing renewable energy market in the region.

The report presents an in-depth analysis of the renewable energy policies across the major countries in North and South America namely the US, Canada, Argentina, Brazil and Mexico. It also presents the major renewable policy frameworks in place in some of the major states in the US and Canada. The report provides the current and future renewable energy targets and plans along with the present policy framework, giving a fair idea of overall growth potential of their renewable energy industry. The report also provides major technology specific policies and incentives provided in each of these countries. The report also provides insights to major policy initiatives for the market development of renewable energy sources such as wind, solar, geothermal, biopower and biofuels.

Scope

- The report covers policy measures and incentives used by the major countries in North and South America region to promote renewable energy.
- The report details promotional measures in different countries both for the overall renewable energy industry and for specific renewable energy technologies namely solar, wind, geothermal, hydro and bioenergy.
- The report also highlights the differences and focus of the renewable energy policy frameworks in different countries in North and South America.
- The report provides a platform for comparison of various renewable energy policies across countries. Major countries include the US, Canada, Argentina, Brazil and Mexico.

Reasons to buy

- Develop business strategies with the help of specific insights about policy decisions being taken on renewable energy by different markets.
- Identify opportunities and challenges in exploiting the renewable energy markets.
- Compare the level of support provided to different renewable energy technologies in different countries.
- Increase future revenue and profitability with the help of insights on the future opportunities and critical success factors in the renewable energy market.
- Be ahead of competition by keeping yourself abreast of all the latest policy changes.

Table Of Contents

North and South America Renewable Energy Policy Handbook 2015
1 Table of Contents
1 Table of Contents 5
1.1 List of Tables 13
1.2 List of Figures 16
2 Introduction 17
2.1 Renewable Energy Policy Framework, Global, Overview 17
2.2 Renewable Energy Policy Framework, Global, Major Policy Measures 17
2.2.1 Feed-in Tariff Programs 17
2.2.2 Renewable Portfolio Standard 18
2.2.3 Tradable Renewable Energy Certificate Systems 18
2.2.4 Capital Subsidies, Grants or Rebates 18
2.2.5 Energy Production Payments and Investments or Other Tax Credits 19
2.2.6 Tax Reductions 19
2.2.7 Net Metering 19
2.2.8 Public Investment Loans 19
2.3 GlobalData Report Guidance 20
3 Renewable Energy Policy Framework, US 21
3.1 Renewable Energy Policy Framework, US, Overview 21
3.2 Renewable Energy Policy Framework, US, Federal Policies and Incentives 23
3.2.1 Energy Policy Act, 1992 23
3.2.2 Energy Policy Act, 2005 24
3.2.3 Energy Independence and Security Act, 2007 25
3.2.4 Energy Improvement and Extension Act, 2008 25
3.2.5 American Recovery and Reinvestment Act, 2009 25
3.2.6 Corporate Tax Credits 26
3.2.7 Federal Grants 30
3.2.8 Federal Loan Program 34
3.2.9 Modified Accelerated Cost Recovery System 35
3.2.10 Renewable Energy Production Incentives 37
3.2.11 Other Federal Policies 37
3.3 Federal Incentives, US, Solar Power 39
3.3.1 Overview 39
3.3.2 Solar America Initiative 41
3.3.3 SunShot Initiative 42
3.4 Federal Incentives, US, Wind Power 42
3.5 Federal Incentives, US, Small Hydropower 44
3.5.1 Overview 44
3.5.2 Hydroelectric Production Incentives 46
3.5.3 Hydroelectric Efficiency Improvement 47
3.6 Federal Incentives, US, Geothermal Power 47
3.6.1 Overview 47
3.6.2 GeoPowering the West Initiative 49
3.6.3 Geothermal Technologies Program 49
3.7 Federal Incentives, US, Biomass Power and Biofuels 51
3.7.1 Overview 51
3.7.2 Energy Policy Act - Alternative Fuels 52
3.7.3 Regional Biofuels Promotion Plan 53
3.7.4 Farm Bill 2008 53
3.7.5 Energy Independence and Security Act 55
3.7.6 Federal Tax Credits 58
3.7.7 Clean Air Act Amendments of 1990 60
3.8 Programs Implemented by EPA to Support Renewable Energy 61
3.8.1 Green Power Partnership 61
3.8.2 Combined Heat and Power Partnership 61
3.9 Renewable Energy Policy Framework, US, State-Level Policies and Incentives 62
3.9.1 Overview 62
3.9.2 Renewable Portfolio Standards 62
3.9.3 Renewable Energy Certificates 64
3.9.4 Public Benefits Funds for Renewable Energy 64
3.9.5 Interconnection Standards 65
3.9.6 Net Metering 65
3.9.7 Property Assessed Clean Energy 66
3.10 Renewable Energy Policy Framework, Iowa 66
3.10.1 Financial Incentives and Policy Support for Renewable Energy Sources, Iowa 66
3.10.2 Financial Incentives and Policy Support for Solar, Iowa 71
3.10.3 Financial Incentives and Policy Support for Wind, Iowa 71
3.10.4 Financial Incentives and Policy Support for Bioenergy, Iowa 72
3.11 Renewable Energy Policy Framework, Minnesota 73
3.11.1 Financial Incentives and Policy Support for Renewable Energy Sources, Minnesota 73
3.11.2 Financial Incentives and Policy Support for Wind, Minnesota 77
3.11.3 Financial Incentives and Policy Support for Hydropower, Minnesota 78
3.11.4 Financial Incentives and Policy Support for Bioenergy, Minnesota 78
3.12 Renewable Energy Policy Framework, Washington 80
3.12.1 Financial Incentives and Policy Support for Renewable Energy Sources, Washington 80
3.12.2 Financial Incentives and Policy Support for Solar, Washington 85
3.12.3 Financial Incentives and Policy Support for Bioenergy, Washington 87
3.12.4 Financial Incentives and Policy Support for Electric Vehicles, Washington 89
3.13 Renewable Energy Policy Framework, Colorado 89
3.13.1 Financial Incentives and Policy Support for Renewable Energy Sources, Colorado 89
3.13.2 Financial Incentives and Policy Support for Wind, Colorado 96
3.13.3 Financial Incentives and Policy Support for Hydropower, Colorado 97
3.13.4 Financial Incentives and Policy Support for Bioenergy, Colorado 97
3.14 Renewable Energy Policy Framework, Texas 100
3.14.1 Financial Incentives and Policy Support for Renewable Energy Sources, Texas 100
3.14.2 Financial Incentives and Policy Support for Solar, Texas 104
3.14.3 Financial Incentives and Policy Support for Wind, Texas 108
3.14.4 Financial Incentives and Policy Support for Bioenergy, Texas 109
3.15 Renewable Energy Policy Framework, California 109
3.15.1 Financial Incentives and Policy Support for Renewable Energy Sources, California 109
3.15.2 Financial Incentives and Policy Support for Solar, California 114
3.15.3 Financial Incentives and Policy Support for Wind, California 119
3.15.4 Financial Incentives and Policy Support for Hydropower, California 120
3.15.5 Financial Incentives and Policy Support for Geothermal, California 120
3.15.6 Financial Incentives and Policy Support for Bioenergy, California 121
3.16 Renewable Energy Policy Framework, Nevada 123
3.16.1 Financial Incentives and Policy Support for Renewable Energy Sources, Nevada 123
3.17 Renewable Energy Policy Framework, New Jersey 128
3.17.1 Financial Incentives and Policy Support for Renewable Energy Sources, New Jersey 128
3.17.2 Financial Incentives and Policy Support for Solar, New Jersey 135
3.17.3 Financial Incentives and Policy Support for Wind, New Jersey 138
3.17.4 Financial Incentives and Policy Support for Bioenergy, New Jersey 138
3.18 Renewable Energy Policy Framework, New York 139
3.18.1 Financial Incentives and Policy Support for Renewable Energy Sources, New York 139
3.18.2 Financial Incentives and Policy Support for Solar, New York 143
3.18.3 Financial Incentives and Policy Support for Wind, New York 145
3.18.4 Financial Incentives and Policy Support for Bioenergy, New York 145
3.19 Renewable Energy Policy Framework, Oregon 148
3.19.1 Financial Incentives and Policy Support for Renewable Energy Sources, Oregon 148
3.19.2 Financial Incentives and Policy Support for Solar, Oregon 155
3.19.3 Financial Incentives and Policy Support for Wind, Oregon 157
3.19.4 Financial Incentives and Policy Support for Bioenergy, Oregon 158
4 Renewable Energy Policy Framework, Argentina 161
4.1 Renewable Energy Policy Framework, Argentina, Major Policies and Incentives 161
4.1.1 Renewable Energy in Rural Markets 162
4.1.2 Law on Promotion of Renewable Sources of Energy for Electricity Production: 26.190 164
4.1.3 Renewable Energy Generation Program 164
4.2 Financial Incentives and Policy Support for Solar, Argentina 164
4.3 Financial Incentives and Policy Support for Wind, Argentina 165
4.3.1 National Strategic Plan for Wind Energy 165
4.4 Financial Incentives and Policy Support for Bioenergy, Argentina 166
4.4.1 Biodiesel Competitiveness Plan 166
4.4.2 The Biofuel Law 166
4.4.3 Biodiesel Content Requirement 167
4.4.4 National Bioenergy Program 167
4.5 Policy Support for Energy Efficiency, Argentina 168
4.5.1 Energy Efficiency Project 168
4.5.2 Energy Efficiency Policies for Appliances 168
4.5.3 National Program for Rational and Efficient Use of Energy 168
5 Renewable Energy Policy Framework, Brazil 170
5.1 Renewable Energy Policy Framework, Brazil, Major Policies and Incentives 170
5.1.1 Program of Incentives for Alternative Electricity Sources 171
5.1.2 Renewable Energy Auctions 173
5.1.3 Alternative Energy Auction LFA-2010 and Reserve Energy Auction LER-2010 175
5.1.4 Brazil National Climate Change Plan 175
5.1.5 Luz para Todos Electrification Program 176
5.1.6 National Biodiesel Program 177
5.2 Financial Incentives and Policy Support for Wind, Brazil 178
5.3 Financial Incentives and Policy Support for Solar PV, Brazil 178
5.4 Financial Incentives and Policy Support for Hydropower, Brazil 178
5.4.1 International Action Program, Brazil's Hydropower Program 178
5.4.2 Incentives for Small Hydropower Facilities, Law No. 9648 179
5.5 Financial Incentives and Policy Support for Bioenergy, Brazil 179
5.5.1 National Alcohol Program 179
5.5.2 Federal and State Taxes on Ethanol 180
5.5.3 Spending on Biofuels 180
5.5.4 Social Fuel Stamp Auction System 183
5.6 Policy Support for Energy Efficiency, Brazil 184
5.6.1 National Energy Efficiency Policy 184
5.6.2 Regulated Investments in Energy Efficiency 184
5.6.3 The Energy Efficiency Law 185
5.6.4 Solar Water Heating Legislation 185
6 Renewable Energy Policy Framework, Mexico 186
6.1 Renewable Energy Policy Framework, Mexico, Major Policies and Incentives 187
6.1.1 Law for Renewable Energy Usage and Energy Transition Financing 187
6.1.2 Law for the Use of Renewable Sources of Energy 189
6.1.3 National Energy Strategy 189
6.1.4 Mexico Renewable Energy Program 189
6.1.5 CONAE Program 190
6.1.6 Large Scale Renewable Energy Development Project 191
6.1.7 Accelerated Depreciation for Environmental Investment 191
6.1.8 Wheeling Service Agreement for Electricity from Renewable Energy Sources 192
6.1.9 Methodology to Establish Service Charges for the Transmission of Renewable Electricity 192
6.1.10 Grid Interconnection Contract for Renewable Energy 192
6.1.11 Renewable Energy Outlook - Vision for 2030 on the Use of Renewable Energy in Mexico 193
6.1.12 Renewable Energy Promotion-PromovER 193
6.2 Financial Incentives and Policy Support for Solar, Mexico 194
6.2.1 Integrated Energy Services Project, 2007-2014 194
6.3 Financial Incentives and Policy Support for Wind 195
6.3.1 Technological Development Programs 195
6.4 Financial Incentives and Policy Support for Bioenergy, Mexico 195
6.4.1 Law for the Promotion and Development of Bioenergy 195
6.4.2 Sustainable Rural Development Project for the Promotion of Alternative Energy Sources in Agribusiness 196
6.4.3 Value Added Agribusiness Risk Sharing Schemes 197
6.4.4 Feasibility Study on Potential for Ethanol and Bio-Diesel Use and Production 197
6.4.5 Bioenergy Promotion and Development Law 198
6.5 Policy Support for Energy Efficiency, Mexico 198
6.5.1 Law for Sustainable Use of Energy and the National Program for the Sustainable Use of Energy 198
6.5.2 Energy Efficiency Program 200
6.5.3 Compact Fluorescent Lamp Market, Mexico 200
6.5.4 Green Mortgage Program 201
6.5.5 Solar Water Heaters Program 202
6.5.6 Program for Financing of Electric Energy Saving 202
7 Renewable Energy Policy Framework, Canada 203
7.1 Renewable Energy Policy Framework, Canada, Major Policies and Incentives 203
7.2 Renewable Energy Policy Framework, Canada, Provincial Incentives 205
7.2.1 Eastern Provincial Programs 206
7.2.2 Western Provincial Programs 207
7.3 Renewable Energy Policy Framework, Alberta 208
7.3.1 Financial Incentives and Policy Support for Renewable Energy Sources, Alberta 208
7.3.2 Alberta, Climate Change Strategy 208
7.3.3 Alberta, Provincial Energy Strategy 209
7.3.4 Financial Incentives and Policy Support for Wind, Alberta 209
7.3.5 Financial Incentives and Policy Support for Bioenergy, Alberta 212
7.4 Renewable Energy Policy Framework, British Columbia 217
7.4.1 Financial Incentives and Policy Support for Renewable Energy Sources, British Columbia 217
7.5 Renewable Energy Policy Framework, Nova Scotia 220
7.5.1 Financial Incentives and Policy Support for Renewable Energy Sources, Nova Scotia 220
7.5.2 Financial Incentives and Policy Support for Solar, Nova Scotia 226
7.5.3 Financial Incentives and Policy Support for Wind, Nova Scotia 226
7.5.4 Financial Incentives and Policy Support for Energy Efficiency, Nova Scotia 226
7.6 Renewable Energy Policy Framework, Ontario 227
7.6.1 Financial Incentives and Policy Support for Renewable Energy Sources, Ontario 227
7.6.2 Financial Incentives and Policy Support for Solar, Ontario 235
7.6.3 Financial Incentives and Policy Support for Wind, Ontario 236
7.6.4 Financial Incentives and Policy Support for Geothermal, Ontario 236
7.6.5 Financial Incentives and Policy Support for Hydropower, Ontario 236
7.6.6 Financial Incentives and Policy Support for Bioenergy, Ontario 237
7.7 Renewable Energy Policy Framework, Quebec 238
7.7.1 Financial Incentives and Policy Support for Renewable Energy Sources, Quebec 238
7.7.2 Financial Incentives and Policy Support for Wind, Quebec 239
7.7.3 Financial Incentives and Policy Support for Geothermal, Quebec 240
7.7.4 Financial Incentives and Policy Support for Hydropower, Quebec 240
7.7.5 Financial Incentives and Policy Support for Bioenergy, Quebec 241
8 Appendix 242
8.1 Definitions 242
8.1.1 Power 242
8.1.2 Installed Capacity 242
8.1.3 Electricity Generation 242
8.1.4 Electricity Consumption 242
8.1.5 Solar Power 242
8.1.6 Renewable Energy Resources 242
8.2 Abbreviations 243
8.3 Bibliography 248
8.4 Market Definitions 251
8.5 Methodology 252
8.5.1 Coverage 252
8.5.2 Secondary Research 252
8.6 Disclaimer 253

1.1 List of Tables
Table 1: Renewable Energy Market, US, Production Tax Credit ($/kWh), 2014 28
Table 2: Renewable Energy Market, US, Treasury Grant Credit Availability and Eligibility, 2013 30
Table 3: Renewable Energy Market, US, Treasury Grants by Technology, Share of Value, 2009-2014 31
Table 4: Renewable Energy Market, US, Treasury Grants by Technology, Share of Volume, 2009 to July 30, 2013 32
Table 5: Renewable Energy Market, US, Green Power Purchasing Goal (%), 2007-2013 38
Table 6: Solar PV, US, Annual Installed Capacity (GW), 2001-2015 41
Table 7: Wind Power, US, Annual Installed Capacity (GW), 2001-2015 44
Table 8: Small Hydropower, US, Annual Installed Capacity (MW), 2001-2015 46
Table 9: Geothermal Power, US, Annual Installed Capacity (MW), 2001-2013 49
Table 10: Geothermal Power, US, Geothermal Technologies Program Annual Funding ($m), 2006-2014 50
Table 11: Biopower, US, Annual Installed Capacity (MW), 2001-2015 52
Table 12: Biofuels, US, Minimum Share of Renewable Fuel (%), 2014 56
Table 13: Biofuels, US, Required Renewable Transport Fuel Sales (billion gallons), 2008-2022 57
Table 14: Gasoline, US, Volumetric Ethanol Excise Tax Credit ($/gallon), 2007 58
Table 15: Renewable Power, US, Renewable Portfolio Standards, State Targets, 2014 63
Table 16: Renewable Energy Market, Minnesota, Renewable Portfolio Standards for Xcel Energy and Other Utilities (%), 2010-2025 74
Table 17: Renewable Energy Market, Washington, Renewable Energy Standards (%), 2012-2020 onward 81
Table 18: Renewable Energy Market, Washington, Member-Owned Renewable Energy Program Rate ($/kWh), 2010-2015 83
Table 19: Renewable Energy Market, Colorado, Renewable Portfolio Standard (%), 2007-2020 onward 90
Table 20: Renewable Energy Market, Colorado, Capital Cost Threshold Rates, 2014 94
Table 21: Alternative Fuel, Colorado, Excise Taxes ($/gallon), 2014-2019 onward 98
Table 22: Alternative Fuel, Colorado, Excise Taxes ($/gallon), 2014-2021 99
Table 23: Renewable Energy Market, California, Nominal Feed-in Tariffs ($/kWh), 2012-2020 112
Table 24: Renewable Energy Market, California, Procurement Requirement after Third Renewable Mechanism Auction (MW), 2010-2013 113
Table 25: Renewable Energy Market, California, Go Solar Campaign Program Components, 2007-2016 115
Table 26: Renewable Energy Market, California, California Solar Initiative Program Budget ($m), 2007-2016 115
Table 27: Renewable Energy Market, California, California Solar Initiative Rebate Levels by Incentive Step and Rebate Type, 2012 116
Table 28: Renewable Energy Market, California, California Solar Initiative, Details by Incentive Type, 2013 117
Table 29: Renewable Portfolio Standard, Nevada (%), 2005-2025 onward 124
Table 30: Renewable Energy Market, New Jersey, Renewable Portfolio Standards (%), 2004-2028 onward 129
Table 31: Renewable Energy Market, New Jersey, Solar Alternative Compliance Payment ($/MWh), 2008-2028 136
Table 32: Renewable Energy Market, New Jersey, Initial Eight-Year Schedule of Solar Alternative Compliance Payment ($/MWh), 2008-2016 137
Table 33: Renewable Energy Market, Oregon, Renewable Portfolio Standards (%), 2011-2025 149
Table 34: Renewable Energy Market, Oregon, RPS-Eligible Resource Types Based on Facility Operational Date, 1995-2025 150
Table 35: Renewable Energy Market, Oregon, Renewable Energy Tax Credit, 2013 154
Table 36: Renewable Energy Market, Argentina, Renewable Energy in Rural Markets, Total Program Cost ($m), 2005-2012 163
Table 37: Renewable Energy Auctions, Brazil, 2007-2014 174
Table 38: Biodiesel and Mineral Diesel, Brazil, Federal Taxes 184
Table 39: Renewable Energy Market, Mexico, Energy Efficiency Framework, Loans under Green Mortgage Program (MXN), 2013 201
Table 40: Renewable Energy Market, Canada, Provincial Targets and Policies, 2010-2016 206
Table 41: Biorefining Commercialization and Market Development Program and Bioenergy Infrastructure Development Program Grant Recipients, Alberta, 2007-2011 214
Table 42: Renewable Energy Market, Nova Scotia, Community Feed-in Tariffs (CAD/kWh), 2011 224
Table 43: Renewable Energy Market, Ontario, Feed-in Tariff Prices (CAD/kWh), 2014 228
Table 44: Green Energy Act, Ontario, Additional Price Incentives on Feed-in Tariff, 2014 229
Table 45: Abbreviations 243

1.2 List of Figures
Figure 1: Renewable Energy Market, US, Impact Analysis of Various Policies, 1992-2015 22
Figure 2: Renewable Energy Market, US, Policy Impact on Applicable Renewable Energy Sources, 2014 23
Figure 3: Renewable Energy Market, US, Production Tax Credit ($/kWh), 2014 27
Figure 4: Renewable Energy Market, US, Treasury Grants by Technology, Share of Value (%), 2009-2014 31
Figure 5: Renewable Energy Market, US, Treasury Grants by Technology, Volume (%), 2009-2014 32
Figure 6: Solar PV, US, Annual Installed Capacity Addition (GW), 2001-2015 40
Figure 7: Wind Power, US, Annual Installed Capacity (GW), 2001-2015 43
Figure 8: Small Hydropower, US, Annual Installed Capacity Addition (MW), 2001-2015 45
Figure 9: Geothermal Power, US, Annual Installed Capacity Addition (MW), 2001-2013 48
Figure 10: Biopower, US, Annual Installed Capacity Addition (MW), 2001-2015 51
Figure 11: Biofuels, US, Required Renewable Transport Fuel Sales (billion gallons), 2008-2022 56
Figure 12: Renewable Energy Market, Washington, Renewable Energy Standards (%), 2012-2020 onward 81
Figure 13: Renewable Energy Market, Nevada, Renewable Portfolio Standards (%), 2005-2025 onward 124
Figure 14: Renewable Energy Market, Oregon, Renewable Portfolio Standards (%), 2011-2025 148
Figure 15: Renewable Energy Market, Argentina, Impact Analysis of Policies, 2001-2015 162
Figure 16: Renewable Energy Market, Brazil, Impact Analysis of Policies, 2002-2013 171
Figure 17: Renewable Energy Market, Mexico, Policy Impact Analysis, 2002-2013 187
Figure 18: Renewable Energy Market, Canada, Impact Analysis of Various Policies, 2000-2015 204
Figure 19: Renewable Energy Market, Canada, Policy Impact on Applicable Renewable Power Sources, 2015 205

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