Law360, New York (October 02, 2012, 1:17 PM ET) -- Massachusetts made it harder in August, after two years of study, for power plants that use biomass as fuel to qualify for full renewable energy credits under the state’s renewable portfolio standard as “class I” resources.
Renewable energy credits can be sold and are potentially an additional source of revenue.
The decision also affects biomass projects in neighboring states. Generating capacity under the control of ISO-New England, the independent entity that operates the New England grid, can qualify as class I resources. The control area of...
Biomass Suffers A Setback
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