Tax equity is a critical financing source for clean energy projects. Many forecasters estimate that it will need to increase to over $50 billion.
On November 17, 2023, the Treasury Department released guidance in the form of a notice of proposed rulemaking (NPRM) on the Investment Tax Credit (ITC) for clean energy property pursuant to Section 48 of the Internal Revenue Code.
The U.S. grid needs to significantly expand its regional and interregional transmission capacity to meet future electricity demand, improve overall grid reliability and resilience, alleviate system congestion, and connect cleaner energy resources, the U.S. Department of Energy (DOE) concluded in its final National Transmission Needs Study released on Oct. 30, 2023.
Consumers are paying billions of dollars a year due to transmission constraints according to this report from ACORE and Grid Strategies.
ACORE submitted comments in response to proposed regulations concerning the IRA’s prevailing wage and registered apprenticeship requirements.
ACORE hosted the 2023 Grid Forum convening leading grid experts to maximize the deployment of renewable energy.
As the CEOs of the National Urban League (NUL) and the American Council on Renewable Energy (ACORE), we are writing to express our appreciation for your commitment to an equitable energy transition and to a 21st-century grid that is reliable, aﬀordable, and sustainable.
U.S. power market monitors in the Eastern Interconnection have recommended that grid operators optimize existing interregional transmission for more than a decade, yet inefficient usage of interties continues to raise system costs and reduce reliability, according to this report.
While we support the proposed rule and the creation of the Coordinated Interagency Transmission Authorizations and Permits (CITAP) Program, ACORE offers the following comments to improve its implementation.
These comments focus on the need for an extensive buildout of renewable energy, storage and associated transmission infrastructure.