Here’s a recap of key energy proposals from the Biden administration and Congress
It’s been a busy two months since Joe Biden became president. Here are highlights of key initiatives on the energy and cleantech fronts.
Here’s what Biden’s infrastructure bill offers solar and cleantech
The $2 trillion package includes a proposed 10-year extension of the ITC and PTC and calls for further incentives to add transmission capacity. Most solar advocates liked it, but one nonprofit panned it as being too industry-friendly.
Senate bill would give clean energy companies direct access to tax credits
The bill aims to thaw frozen tax-equity markets and help the solar and clean energy sectors recover from the economic effects of the Covid-19 pandemic.
Bifacial solar added at two bioscience facilities
The 572 kW systems feature Prism Solar bifacial panels and are installed at a bioscience company’s facilities, which produce Covid-19 test kits.
New York State adopts rules to streamline large renewable energy project reviews
Gov. Andrew Cuomo said “cutting red tape” will help the state meets its sustainability goals and recover economically from the Covid-19 pandemic.
U.S. renewables persevered, set records in a pandemic year
Solar and wind power installations hit all-time highs and became a larger part of the country’s energy mix in 2020, according to a new report.
Solaredge records pandemic progress despite tough final quarter
Full-year revenues nudged up despite tough comparisons with the end of 2019 for the final quarter of last year. The inverter maker expects to log revenues of $385-405 million in the current three-month window.
Sunrise brief: Following Covid-19, energy consumption will take years to recover, EIA says
Also on the rise: TVA allows local power companies to charge new fees to solar customers, Southwest Power Pool launches an imbalance market, and J.D. Power rates EV charging satisfaction.
Hawaiian Electric takes an ‘install first, approve later’ approach to residential solar
The utility has launched a new program, Quick Connect, aimed at accelerating the process for turning on new residential solar systems.
Sunrise brief: PepsiCo doubles goals to address ‘severe’ climate change impacts
Also on the rise: A coalition of 600 groups urges President-elect Biden to halt utility service shutoffs due to the pandemic, Harrison Street expands its solar owneship portfolio, and a Florida real estate developer eases its way into the solar sector.
