Global Project, Energy and Infrastructure Finance Partner Allan Marks today authored a Forbes article titled “Big Stimulus For Clean Energy: Covid Relief Bill Includes Green Tax Credits For Solar, Wind And Carbon Capture.”
Marks notes, “In a bipartisan boost from Congress, tax credits for solar and wind energy (ITC and PTC), carbon capture and biofuels appear set to be extended. Congressional leaders agreed Sunday, December 20, 2020 on a $900 billion bipartisan pandemic relief bill bundled with a $1.4 trillion omnibus government spending package. The legislation contains several provisions designed to boost investment in clean energy. The new package, which is subject to final votes in the Senate and House expected today, would extend federal tax credits that incentivize construction of new wind and solar power plants, as well as tax credits for carbon capture, biofuels and alternative fuels, fuel cells and energy efficiency. At least in that respect, it may fairly be called a stimulus bill, not just a relief.”
