"Senate Democrats’ climate bill includes $3 billion in loans and grants for electric transmission projects—money that, in addition to tax incentives for electricity generators, would break down a significant barrier to a large-scale clean energy rollout, advocates said.
The Inflation Reduction Act (H.R. 5376) that senators passed Sunday would authorize the Energy Department to issue $2 billion in loans to support new and upgraded electric transmission lines that are deemed part of national corridors. The department would have $760 million in grants to siting authorities—namely state governments—to aid developers in navigating the review and approval processes. An additional $100 million is dedicated to offshore wind transmission.
Transmission projects have been stalled by regulatory delays, hindering renewable projects waiting to connect their power to the grid.
“It’s great to see really every aspect of transmission siting and permitting being addressed in the IRA,” said Christina Hayes, executive director of Americans for a Clean Energy Grid."
Daniel Moore reports for Bloomberg Environment August 9, 2022.
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