Utility Dive•3 days ago
IRA was hobbled by slow deployment, Biden staffers say in new report
Key Takeaway
The report highlights critical policy and regulatory hurdles that slowed IRA's clean energy deployment, offering a roadmap for future administrations to accelerate project development and reduce market uncertainty for developers and large consumers.
AI Summary
- •A new report from Biden staffers indicates that the Inflation Reduction Act (IRA) experienced slower-than-anticipated clean energy deployment due to various hurdles.
- •The report identifies specific policy and regulatory obstacles that hindered project development and investment certainty for developers and IPPs under the IRA.
- •It proposes actionable strategies for a future administration to accelerate clean energy deployment, suggesting potential reforms to overcome identified bottlenecks.
- •For developers and large power consumers, this analysis highlights ongoing challenges in project timelines and the potential for future policy shifts to either streamline or further complicate clean energy procurement.
Topics
policyirasolarwindstorageinterconnecttransmission