Views: 102 Author: Will Norman Publish Time: 2024-09-16 Origin: PV solar tech
The first day of RE+ in Anaheim was filled with discussion about balancing the Inflation Reduction Act between manufacturers and developers. Image: PV Tech
The Inflation Reduction Act (IRA) is, by the numbers, the most consequential clean energy investment package in the world. Its US$369 billion in tax incentives for clean energy deployments and manufacturing have resulted in the US breaking its installation records for solar PV and energy storage. Simultaneously, a “boom” in solar module manufacturing capacity has been triggered, in the words of a Department of Energy representative speaking yesterday at the RE+ clean energy conference in Anaheim, California.
Whilst nobody PV Tech Premium encountered on the first day of RE+ disputed the significance of the IRA, there were disagreements over where the money should go. Essentially, these boil down to a fight between solar developers and domestic manufacturers over prices and priorities. Moreover, these perspectives seem driven by different world views: ongoing globalisation on the one hand and the growing trend for isolationism on the other.
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