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Power markets are not ready to maximize infrastructure investments


Published April 30, 2021
Danielle Ternes
The following is a contributed article by Ben Hertz-Shargel, a nonresident senior fellow at the Atlantic Council Global Energy Center. 
Decarbonizing the nation s electric grid and transportation system is one of the chief aims of the Biden administration s new infrastructure plan. The plan calls for significant investment in clean energy resources, such as offshore wind, as well as electric vehicles (EVs) and their charging infrastructure.
Pundits initial focus has been on the jobs that the American Jobs Plan could create. Equally important, however, will be the returns on both public and private capital that the investments generate, and this will depend to a large degree on how well they are leveraged within power markets. ....

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Clean Energy, EnergyTechnology and Renewable Energy News


Monday, February 22, 2021
New Green Act Could Extend and Create New Credits for Renewable Energy, Energy Storage, Carbon Capture, and Electric Vehicles 
On 5 February, the House Ways and Means Subcommittee on Select Revenue Measures announced the reintroduction of the “Growing Renewable Energy Efficiency Now (GREEN)” Act. The bill was previously introduced in June 2020. If passed, the legislation would provide for a host of incentives across the renewable energy, energy storage, carbon capture, and electric vehicle industries.
Some notable provisions include:
Reinstatement of a 30 percent investment tax credit (ITC) through 2026, decreasing to 26 percent in 2027, 22 percent in 2028, and 10 percent for subsequent years.
Extension of the 60 percent wind production tax credit (PTC) through 2026. ....

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