LNG Limited has delayed its investment decision of the Magnolia LNG export terminal in Louisiana due to China’s 10% tariff on U.S. LNG, which took effect September 24, 2018. It will be escalated to 25% in January 2019, in retaliation to U.S. tariffs. The company is hoping trade wars will settle in 2020 and will then reevaluate the multi-billion dollar project.
As the U.S. solar industry enters Q4 2018, a record number of solar interconnection applications are anticipated before year end at the request of anxious commercial customers focused on getting their projects built and turned on during fiscal year 2019. Strong pick-up in commercial solar demand is attributable to the following three economic considerations that will be in play during calendar year 2019:
- The 30% Investment Tax Credit (ITC) Steps Down After 2019
- Net Metering 3.0 Will Likely Take Effect by 2020
- Interest Rates are Rising
Assembly Bill 802 directed the California Energy Commission (CEC) to create a statewide energy benchmarking and public disclosure program for buildings larger than 50,000 square feet. The CEC’s regulations require healthcare facilities to report building characteristics and energy data to the CEC by June 1, 2018. Reporting is done annually using ENERGY STAR Portfolio Manager.
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