New York clean power tender highlights US dash for tax credits
As power demand rises, clean power developers and New York state authorities are rushing to accelerate solar and wind projects before tax credits expire. November 25 - New York's accelerated clean power tender highlights a wider push by U.S. developers to accelerate projects that are deep in development in order to gain federal tax credits before they are slashed under Trump administration policies. Announced by New York Governor Kathy Hochul in September, the solicitation will prioritize shovel-ready projects to ensure they qualify for federal tax credits that will expire earlier than planned following Trump's One Big Beautiful Bill Act. Solar and wind projects must begin construction by July 2026 or enter service by the end of 2027 to qualify for the tax credits. Solar and wind power projects with advanced permitting and grid connection agreements are most likely to be awarded in the tender, held by the New York State Energy Research and De...