More Guidance Arrives. The big one is here, guidance on the ITC transferability and direct pay provisions including who is eligible for the direct pay. Amongst those eligible for the direct pay provision are governments, tax exempt entities (including many cooperative utilities), the TVA and Native American tribal governments. Transferability will open up the market for buyers (and brokers) that will start bidding on your tax equity to resell to their eligible investors. We’ll be interested to see how close credits get to 100% as demand increases for a somewhat limited supply.
Relatable Congress. When it comes to climate change Congress has been questioning scientists for decades, and I don’t mean when someone asked Senator Kerry about his political science degree. But more often than not, members of the House do not have much real life experience around climate change so it’s great when a member has learned experiences. We need more of that, hopefully a Wakeup reader will run and win!
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- Reuters: US Treasury unveils clean energy subsidy payments for non-taxpayers
- Axios: Dangerous fire weather conditions becoming more common across U.S.
- Politico: The meteorologist telling Congress about climate change
- Canary Media: Rep. Casten on tackling the US climate law’s unfinished business
- PV-Magazine: First Solar showcases pre-commercial bifacial thin-film PV modules
- Utility Dive: Batteries on freight trains could be tapped to support the power grid in emergencies – study
- Bloomberg: BlackRock and Brookfield Are Betting Big on Tiny Solar Farms in Chile
- PV-Tech: Spanish IPP Opdenergy gets US$935 million buyout offer
Opinion
Best, Yann