ITC

The confidence of renewable energy investors and programmers stands at an "all-time high", a new report by the American Council on Renewable Energy (ACORE) claims, however financial investment needs to surge in the coming years if the United States is to satisfy decarbonisation objectives.

The American Council on Renewable Energy (ACORE) has said that a suggested transmission investment tax credit history (ITC) in the US might spur US$ 15.3 billion of fresh financial investment in clean energy and also enable an added 42GW of wind as well as solar capacity ahead online.

United States President Joe Biden has actually included a 10-year expansion for the Investment Tax Credit for both clean power generation and also energy storage as part of a US$ 2 trillion framework investment strategy to be revealed today.

The United States renewable energy industry has actually applauded Joe Biden's environment team nominations and also visits, as the President-elect states he intends to develop a tidy energy future for the country.

While the continuous COVID-19 pandemic may have initiated something of a freeze on new solar financing sell the US, substantial rate of interest in M&A continues to be as well as the inbound Biden administration can relieve the logjam.

' Solar Module Super League' member First Solar has actually intended to increase down on manufacturing with the sale of its O&M division, having actually started conversations around the future of its EPC company.

US power suppliers could face clean energy credit obligations to foster a major shift to renewables and decisively slash emissions, under legislation currently being drafted up at Congress.

More than 200 mayors across the US have sent a letter urging Congress to pass a five-year extension of the solar Investment Tax Credit (ITC) with a particular focus on creating jobs and drawing investment.

Ahead of Solar Power International 2019 in Salt Lake City, Utah, the Solar Energy Industries Association (SEIA) has set a roadmap to achieving several key goals for the PV industry over the next 10 years.

That record figure of utility scale PV was under contract at the end of June with 8.7 GWdc under construction. However, installation levels fell slightly, year-over-year.

A dispute holding up a solar project backlog of nearly 600MW in Michigan is now one step closer to resolution, under a truce brokered with the help of industry representatives.

There’s no shortage of ideas for supporting renewables on Capitol Hill. Gridlock has experts doubtful of near-term progress.