US Treasury Signals A New Hope For Green Hydrogen
The US Department of the Treasury had green hydrogen and energy security on its mind when it announced the Final Rule for H2 production tax credits.
production tax credit
New Report Establishes Baseline for Clean Energy Deployment in Energy Communities
For the first time, the Inflation Reduction Act of 2022 included place-based federal tax incentives for projects located in “Energy Communities,” which might alter the economic equation of where projects should be located. Storage projects may be eligible for a 10-point increase in the Investment Tax Credit (e.g., from 30% … [continued]
Simple Tax Changes Can Unleash Clean Energy Deployment In USA
Originally published on RMI.org. By Uday Varadarajan, David Posner, Sam Mardell, & Russell Mendell According to the latest US government inventory, solar will account for 39 percent of the electric generation capacity added in 2021, and wind will constitute a further 31 percent. With current technology costs and policy incentives, renewables are now unquestionably … [continued]
US Senate Democrats & Clean Energy Industry Call For Tax Credit Extensions
A group of 20 US Senate Democrats have called for the extension of clean energy tax incentives such as the wind energy Production Tax Credit (PTC), the solar Investment Tax Credit (ITC), and the residential renewable energy tax credit, a call which has been applauded and joined by the country’s clean energy associations.
SWEPCO Seeking Proposals For 1.2 Gigawatts Of Wind
The Southwestern Electric Power Company announced on Monday that it was seeking proposals for up to 1.2 gigawatts (GW) of wind energy to be brought into commercial operation by the end of 2021.
US Wind Installations To Surge Before PTC Phase-Out In 2021
The US wind energy industry is expected to install more than 30 gigawatts over the next three years as developers look to take advantage of the wind energy production tax credit that will begin phasing out in 2021.
US Renewable Energy Subsidies Dropping, While Renewable Energy Continues To Grow Fast
Federal subsidies for renewable energy—including biofuels for transportation use and renewable generation of electricity—dropped to $6.7 billion in fiscal year (FY) 2016, a 56% decline from FY 2013. Renewable subsidies in FY 2010 and FY 2013 were approximately $15 billion, more than double FY 2016 levels, as support from the American Recovery and Reinvestment Act of 2009 (ARRA) lessened. Despite the decline, renewable energy continued to receive a large share of total federal energy subsidies, accounting for 46% of the FY 2016 total.
GateHouse Ignored Widely Available Facts & Data In Recent Anti-Wind Piece
The third article about the GateHouse Media story, In the Shadow of Wind Farms.
Senate GOP Tax Reform Plan Reverses House Plans To Hinder Renewable Energy
US Senate Republicans have put forward their own tax reform plan this week which, unlike the tax reform bill proposed by the House, does not take aim at renewable energy provisions such as the wind Production Tax Credit.
Amazon’s Mighty Wind (Cleantech Talk #38)
Episode 38 of Cleantech Talk kicks off with a discussion of how, while China may be overperforming with its solar panel buildout, those panels are underperforming due to the low air quality there. Which is a polite way of saying that coal-combustion aerosols are reducing solar panels’ electricity harvest — by up to a third! (Dark aerosols, like soot, tend to absorb light; other aerosols such as sulfates and nitrates, reflect light. In both cases, the aerosols prevent light from reaching solar panels below.)
