With incentives for investors and developers to pour renewable electrons onto the grid, says Millar, markets will reward companies who provide around-the-clock power from a mix of sources.
David Millar is the Principal of Markets, Legislative and Regulatory Policy at Wärtsilä Energy, a Finnish energy company that claims to “lead the transition to a 100% renewable energy future”. In a recent talk at CBEY, Millar highlighted three trends to watch within the energy markets related to Distributed Energy...
Most investment in solar and wind power involves drawing cash from investors who use those technologies' tax credits. The Inflation Reduction Act removes some barriers and doubts about the tax credits, signaling a rise in their use. But nothing is ever simple, and investors are bringing vital questions about timing...
This photo of Arkabutla Lake, Mississippi evokes a hydropower project this fund has staked. (Photo by Sean Davis via Flickr Creative Commons.)
The Inflation Reduction Act blazes miles upon miles of trail with clear markers in what had been overgrown backcountry. And the inconclusive recent climate negotiations that the United Nations sponsored in Egypt work as charcoal-gray clouds overhead. Where are attentive capitalists placing investment now that scale is possible and challenges...
In this video, AVANGRID CEO Pedro Azagra Blazquez frames his perspective on investment opportunities after the United States Congress passed the Inflation Reduction Act. He also weighs in on Europe's investment climate, the outlook for hydrogen as a fossil-free energy source, and other topics where this European-based corporation sees the...
This photo of Jack's Solar Garden and its agrivoltaic plans comes from the National Renewable Energy Laboratory.
Now that the Inflation Reduction Act's incentives operate as American law, it will take compromise and conciliation to make the investments that meet those incentives succeed and endure. Let's revisit our metaphors.
Prosperity arises not only from putting power sources in new places. It also flows from helping people currently powerless to tap energy for more active lives.
Lawyers and VCs have sized up the Inflation Reduction Act by now, and American energy systems will likely never stagnate again. For thinking about investment over the decades that decarbonization will take, take a trip back to another crossroads in the nation's energy history.
(Photo by Kevin Oliver via Flickr Creative Commons.) It was no precipitous proclamation about traffic that reprogrammed New York City's economy.
Many have boiled down the seminal Inflation Reduction Act, and many are burrowing into it. To set boundaries and context beyond the timing of tax credits, consider an analogy to how another blockbuster set of policies altered one of the world's more emissions-intensive cities.
The future of tax equity may well run through a channel called "direct pay." which could simplify and expand a lot of what makes the tool valuable. As always, some unknowns come into the picture.
At a deal level, tax equity never looked easy. At an institutional economy-nudging level, its harder still. This installment sets out some structural blocks and ways over them.
It's not just limited or general. Parties in a tax credit transaction weigh decisions about exposure, timing, and benefit. This story clarifies the stations along the journey.
