Efficiency Improvement Qualifies Piney Hydro Project for Tax CreditsSubmitted by Rupak Thapaliya on Thu, 2009-11-19 10:09
FERC issued a certification order yesterday confirming increased generation in the Piney hydroelectric project through efficiency improvement. The project is located on the Clarion River in Clarion County, Pennsylvania.
In its application filed in October 2009, Brookfield stated that it had replaced one of its units (Unit 3 runner) with a more efficient runner which resulted in an increase in energy generation by 368,000 kWh. This amounts to an increase of 0.5% in generation.
This is the second time the project has been upgraded. Previously the other two turbines were also replaced with more efficient runners.
After the certification, the project is now eligible to receive tax credits from the IRS. Tax credits for renewable energy were extended just before President Bush left office.