Utility Dive•4 days ago
States sue Energy Department for terminating $8B in clean energy funding
Key Takeaway
The termination of $8 billion in clean energy funding and the ensuing lawsuit introduce significant policy and financial uncertainty for developers and large power consumers relying on federal incentives from IRA and IIJA.
AI Summary
- •A lawsuit alleges the Trump administration unlawfully terminated $8 billion in clean energy funding from programs established by the IRA and IIJA.
- •This action creates significant financial uncertainty and risk for clean energy developers and projects relying on federal incentives.
- •The legal challenge highlights policy instability, potentially increasing project costs or delaying development for IPPs and large power consumers.
Topics
financingirapolicysolarstoragewind