The revamped “45Q” tax credit boosts the amount of money available to companies willing to capture and store carbon emissions in geologic formations or use CO2 to extract oil from existing wells.
One of the region’s leading states for clean energy is at risk of falling behind in one category as a familiar debate plays out over its residential energy code.
The state’s solar industry thinks the change could spur new development and maybe attract out-of-state companies.
State regulators recently updated interconnection standards to streamline the process for most solar projects.
The co-op’s announcement comes in the wake of a failed legislative effort to raise Minnesota’s renewable standard.