Green Markets - November 14, 2024

Nov 14, 2024

Green Markets is a daily series dedicated to highlighting events of interest that could impact investments within environmental markets.

Vision RNG has secured $207 million from climate investor HASI to develop facilities in Ohio that will convert landfill gas into renewable natural gas. This financing includes a $130 million construction loan and a $77 million investment tax credit bridge loan. The project, partnered with WIN Waste Innovations, is expected to initially produce over 2 million MMBtus of RNG annually, aiming to double production within 11 years.
A design-build team, including PC Construction, Stantec, and Hazen and Sawyer have completed the $271 million Piscataway Bioenergy Facility in Maryland. This advanced facility will use a thermal hydrolysis process (THP) to convert biosolids into green energy. The project is set to become fully operational in early 2025.

The Indian Central Electricity Regulatory Commission (CERC) has issued draft regulations for a Carbon Credit Trading Scheme (CCTS), aiming to establish a structured carbon market in the country. These regulations will allow the trading of Carbon Credit Certificates (CCCs) on power exchanges, ensuring transparency and efficient market operations. Penalties for non-compliance and market oversight provisions are also included, supporting India’s efforts to reduce greenhouse gas emissions.
Brazil's Senate recently advanced a bill that would regulate the nation's carbon market, establishing the Brazilian Greenhouse Gas Emissions Trading System (SBCE). The bill sets emissions limits for companies, allowing them to buy and sell certified carbon credits to meet these targets. Companies exceeding their emissions cap can purchase credits to offset their pollution, while those below the cap can sell their surplus. The bill has already passed the Chamber of Deputies and is now under consideration by the Senate, potentially returning to the Chamber for further adjustments.

President-elect Donald Trump's transition team is planning to eliminate the $7,500 EV tax credit. Led by oil industry figures Harold Hamm and Governor Doug Burgum, the team sees this as an easy cut to fund Trump’s proposed tax reforms. While Tesla supports ending the credit, arguing it would mainly impact other EV makers, the automotive industry broadly opposes the repeal, emphasizing the credit’s role in advancing U.S. automotive technology.

LG Energy Solution's system integrator arm, LG ES Vertech, has signed a 4-year deal with Terra-Gen, a California-based renewable energy developer, to supply 8GWh of battery energy storage systems (BESS).

ADNOC Gas has signed a 10-year LNG sales agreement with GAIL India Limited to supply up to 0.52 million metric tons per annum (mmtpa) of liquefied natural gas, starting in 2026. The LNG will be sourced from ADNOC's Das Island liquefaction facility. ADNOC Gas is also expanding its operations, with plans to acquire ADNOC's stake in the Ruwais LNG plant by 2028, which will increase its LNG production capacity to over 15 mmtpa by 2029.

Related Stock List(s): LNG Stocks

The U.S. International Development Finance Corporation (DFC) has expressed interest in providing $980 million to fund Poland's first nuclear power plant, the Lubiatowo-Kopalino facility. This project, managed by Polskie Elektrownie Jądrowe (PEJ) and using Westinghouse's AP1000 reactor technology, is being developed with major U.S. partners Westinghouse and Bechtel. Set in the Choczewo municipality, the plant is expected to begin commercial operations by 2033.
Japan’s Nuclear Regulation Authority (NRA) has blocked the restart of the Tsuruga-2 nuclear reactor, citing potential active fault lines beneath the plant in Fukui Prefecture as a safety risk. This marks the first time a reactor has been denied restart under Japan’s post-Fukushima safety standards, which prohibit reactors from being situated above active faults. Despite Japan Atomic Power Company’s claims that the fault under Tsuruga-2 is inactive, the NRA concluded after an extensive review, hindered by operator errors and data coverups, that the risks remain.

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