CleanTechnica•8 days ago
Solar & Wind Attacks Continue With SPEED ACT
Key Takeaway
The proposed 'SPEED ACT' signals growing political headwinds for solar and wind development, increasing regulatory uncertainty and potentially impacting project economics for developers and large power consumers.
AI Summary
- •A new legislative initiative, the 'SPEED ACT,' is being advanced by the Republican Party to reduce or eliminate government support for solar and wind power.
- •This policy shift introduces increased political and regulatory risk for renewable energy developers and IPPs, potentially impacting project viability and financing.
- •Large power consumers seeking renewable PPAs may face altered market conditions, including higher costs or reduced availability of subsidized clean energy, due to diminished policy support.
Topics
financingirapolicysolarwind
Article Content
Solar and wind power have been supported by Republican and Democratic voters for many years. Even government support of solar and wind have been endorsed by the large majority of voters. Nonetheless, the Republican Party has decided to not only cut support for solar and wind power, but it has ... [continued] The post Solar & Wind Attacks Continue With SPEED ACT appeared first on CleanTechnica .