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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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Renewable Energy Update - February 2021 #2 | Allen Matkins


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Courthouse News Service – February 11
As California continues to grow its renewable energy capabilities, Assemblyman David Chiu says the state must tap into offshore winds to meet its ambitious goal of 100% clean energy by 2050. Chiu introduced legislation this Thursday that would usher in a rush of new floating turbines as well as clean energy jobs. Assembly Bill 525 would require state regulators to set a planning target of at least 10 GW of offshore wind production by 2040, with a short-term goal of 3 GW by 2030. To set the plan in motion, AB 525 also directs state agencies to begin securing necessary federal permits and planning for port upgrades and other infrastructure projects. ....

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