Why Renewable Energy Prices May Spike After 2019
- Jan 27, 2019 7:10 pm GMT
This item is part of the Special Issue - 2019-01 - Predictions & Trends, click here for more
This article is an excerpt from Enel X North America’s new full-length report, .
Just as demand for renewables is escalating, restrictions on supply could exacerbate renewable power purchase agreement (PPA) pricing for corporate customers. While there are many obstacles to adding renewable generation to the grid, we are focusing on a couple of trends that will likely increase the prices of wind and solar generation and potentially restrict supply in the future. First, two key tax benefits, both the Production Tax Credit (PTC) and the Investment Tax Credit (ITC), are being reduced and/or phased out. Secondly, the tariffs on imported solar cells and modules that the Trump Administration implemented through Section 201 in 2018 could further complicate the economics of renewable projects.
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