Despite months of intense lobbying, the solar industry comes up empty-handed in end-of-year spending legislation. After months of lobbying, the clean energy industry secured minimal tax credit extensions in the $1.37 trillion end-of-year deal U.S. lawmakers eked out this week to fund the government in 2020. Of the possible extensions that may have been stuffed […]
US Solar Industry Rallies Behind 20% Generation Target for 2030
Priority #1: Extend the Investment Tax Credit, which new research says could increase installations by 36 percent through 2030. The solar industry met in Salt Lake City with a more sweeping and disciplined message than in some years past: Rally to extend the federal Investment Tax Credit and buckle up for a decade of massive […]
Trump Gets Manufacturing Win as Hanwha Q Cells Opens US Solar Factory
The country’s largest solar production facility officially opens Friday in Georgia, with the Trump administration expected to be in attendance. A representative of the Trump administration and Georgia Governor Brian Kemp will converge on Dalton, Georgia on Friday to celebrate a U.S. manufacturing win, as Hanwha Q Cells officially opens its solar module manufacturing facility […]
Solar ITC Extension Would Be ‘Devastating’ for US Wind Market: WoodMac
The booming U.S. wind industry faces an uncertain future in the 2020s. Few factors are more important than the fate of the solar ITC. An extension of the solar investment tax credit (ITC) at its 30 percent value would be “devastating” to the future U.S. wind market, according to a new Wood Mackenzie report. The […]
Texas’ Power Price Spike and Designing Markets for a Carbon-Free Grid
The Texas power market is designed to play chicken with blackouts. Is the model sustainable in a high-renewables system? Last week as Texas’ ERCOT grid reached its price cap of $9,000 per megawatt-hour and the price map on ERCOT’s website became a solid and deep red, many energy market wonks highlighted that this is a […]
Offshore Wind Tax Credits Could Be Included in a Fall Tax Extenders Package
Lobbying efforts are underway to persuade Republicans from coastal states with a heavy oil-and-gas industry presence that offshore wind development means jobs. If the U.S. offshore wind market gets an extension of its main federal subsidy, it may owe a thank you to the oil and gas industry. Two bills recently introduced in the U.S. […]
Solar Industry Pushes for ITC Extension After Trump’s Coal-Rule Rollback
The Trump administration’s coal-friendly ACE rule is unlikely to impact the solar market. But an ITC extension could help restore federal climate leadership. Calls for an investment tax credit extension (ITC) are intensifying in some quarters of the U.S. solar industry in the wake of a federal rule designed to buoy coal-fired generation. Last week […]
‘Don’t miss this opportunity’: Industry groups’ further plea for energy storage ITC
Failing to create an investment tax credit as part of the ongoing tax extenders legislation, a coalition of clean energy trade bodies in the US have urged. As it stands, this year’s tax extenders will add a further year to wind power’s Production Tax Credit, but calls for the bipartisan Energy Storage Tax Incentive and […]
ITC for energy storage MIA in House committee’s tax extenders bill
ACORE argues that this year’s extenders bill should include an ITC for energy storage, which is not included in the U.S. House Ways and Means Committee’s mark. Every year, committees in the U.S. Congress get together to give an additional lease on life to tax breaks through special legislation, a process known as “tax extenders”. […]
Wood Mackenzie Boosts US Solar Market Forecast as Florida Blossoms
Recent announcements in Florida and Texas have brightened the outlook for the U.S. solar market over the next five years. Unexpectedly rapid growth in solar markets like Florida and Texas is driving up expectations for U.S. solar installations, with Wood Mackenzie Power & Renewables now forecasting more than 13 gigawatts of capacity additions in 2019. […]