WASHINGTON DC, March 26, 2021 — The American Clean Power Association (ACP) issued the following statement after Senators Carper, Whitehouse, and Heinrich introduced the Save America’s Clean Energy Jobs Act.
“ACP is grateful for Chairman Carper’s leadership on this legislation, just the latest initiative he has championed benefiting clean energy in a legacy of leadership dating all the way back to his time as Delaware’s Governor. As we rebuild from COVID-19, this direct pay bill is an essential down payment to fix the constrained tax equity markets and ensure companies both large and small can continue to embrace clean energy solutions and create jobs. The last year has been challenging for everyone. Smaller developers, in particular, have struggled to secure tax equity partnerships, putting otherwise viable projects in jeopardy due to capital constraints. The availability of a 100 percent direct pay option is crucial for clean energy deployment. Tax equity scarcity is a long-term challenge. We encourage all lawmakers to think holistically about additional solutions.” – Heather Zichal, ACP CEO.