According to a report by energy research firm Wood Mackenzie, stalled US permits for renewable energy projects are putting more than $121 billion of investment at risk. The report highlights the tension between the goal of fast-tracking energy infrastructure and the opposition to renewable energy.
Impact on Renewable Energy Projects
The report found that 92 gigawatts of clean energy projects, enough to power 69 million homes, face heightened federal scrutiny following changes last year. Permitting in wetland areas, overseen by the U.S. Army Corps of Engineers, is the primary constraint on private lands. Wind projects are also being held up by sluggish airspace reviews by the Department of Defense.
Congressional Republicans and Democrats have sought to pass legislation to speed permitting for large projects. A bill passed by the House of Representatives last year would meaningfully accelerate timelines, according to Wood Mackenzie.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
