Sen. Coons Predicts GOP Support For Bill To Boost Renewable-Energy Investment
Professor Dan Reicher spoke The Hill's Zack Colman about a new renewable-energy financing bill which would extend "master limited partnerships" to renewable energy firms and why he believes the bill will help to "decrease uncertainty" in the industry.
Sen. Chris Coons (D-Del.) said Wednesday that he is optimistic enough Republicans will rally behind his renewable-energy financing bill to get it passed next Congress.
The bill would extend a tax structure known as a “master limited partnership” to renewable energy firms. Supporters say the tax code change would help move capital to projects involving solar, wind and biofuels.
Master limited partnerships would decrease uncertainty in the industry, as firms often depend on subsidies that require regular congressional reauthorization, Dan Reicher, an Energy Department official for former President Bill Clinton, said at the press conference.
He said they would help firms grow by establishing some stability for investors.
"A big tent is helpful," Reicher, who is currently executive director of the Steyer-Taylor Center for Energy Policy and Finance at Stanford University, said of expanding the financing structure.