The U.S. Treasury Department and Internal Revenue Service on Jan. 8 released the final rules and guidelines for the 48E(h) Clean Electricity Low-Income Communities Bonus Credit Amount Program. The bonus credit program seeks to reduce energy costs and boost clean energy investment in low-income communities, including Indian Lands and affordable housing. The new regulations expand…...
The U.S. Department of the Treasury and the Internal Revenue Service on Jan. 7 released the final rules for the Clean Electricity Investment Tax Credit, under section 45Y, and the Clean Electricity Production Tax Credit, under section 45E. Known as the technology-neutral credits, the final rules clarify what type of clean electricity zero-emissions technologies are…...
The U.S. energy landscape faces a fundamental policy shift in 2025 as the incoming Trump administration’s focus on fossil fuels signals a sharp departure from the current clean energy priorities. While federal support is expected to pivot toward.…. Read the full report…...
The New York Public Service Commission on Dec. 19 approved five clean energy projects that could generate over $3 billion in economic benefits for local communities. The five projects have a combined capacity of over 2 gigawatts (GW) and could deliver clean energy to more than one million homes. Alle-Catt Wind, Brookeside Solar, the Champlain-Hudson…...
The U.S. Energy Department announced on Dec. 17 a conditional loan guarantee of $15 billion to Pacific Gas & Electric Company to diversify California’s energy sources and improve grid resilience. The announcement marks the department’s largest conditional commitment to a loan guarantee through its Energy Infrastructure Reinvestment, EIR, program to date. The loan guarantee will…...
The U.S. Energy Department on Dec. 13 announced a $2.5 billion conditional loan guarantee for Wisconsin Electric Power Company, a subsidiary of WEC Energy Group, to finance a portfolio of clean energy projects in Wisconsin. The portfolio would add more than 1,650 megawatts of utility-scale renewable power and energy storage. This diverse portfolio is expected…...
U.S. carbon markets are experiencing a resurgence as key states reinforce their commitment to cap-and-trade systems despite hurdles. Washington’s latest carbon auction saw prices rebound following voter support for its program, while a court ruling has…Read the full report …...
U.S. carbon markets are experiencing a resurgence as key states reinforce their commitment to cap-and-trade systems despite hurdles. Washington's latest carbon auction saw prices rebound following voter support for its program, while a court ruling has invalidated the controversial withdrawal of Virginia from the regional carbon market. Meanwhile, progress in California, Québec, and Washington toward potential program linkage signals a move toward greater market integration, setting the stage for more robust and scalable climate solutions nationwide.
The U.S. Department of the Treasury and the Internal Revenue Service have released final rules for the Section 48 Investment Tax Credit, or ITC, providing clarity and certainty for clean energy development to pursue major investments. The final rules clarify specific issues relating to offshore wind, hydrogen storage, co-located energy storage, and geothermal heat pumps…....
States across the U.S. are taking significant steps to improve distributed solar programs. These initiatives aim to…Read the full report …...