Transferability and direct pay are ‘game changers’ for US clean energy development
A 137MW BESS connected to the California grid by RWE recently. Standalone BESS is expected to benefit from new tax equity rules being brought in by the IRS. Image: RWE.
New transferability and direct pay provisions for clean energy tax credits are a “game changer for renewable energy development” in the US, Shearman & Sterling partner Mona Dajani told Energy-Storage.news.