The Sun is Shining On U.S. Solar Policy
The solar hex of 2022 has been broken! We’re delighted to welcome the news of President Biden’s big moves to order emergency measures that boost US clean energy manufacturing, and declare a 24-month bridge to exempt certain imported solar panels from tariffs while domestic production ramps up.
As the the President’s declarations make clear, this move to “ensure a robust, resilient, and sustainable domestic industrial base to meet the requirements of the clean energy economy is essential to our national security”. Raise Green is excited to be empowering local investors and heroic climate entrepreneurs to create and fund a resilient energy sector, and enable all Americans to play their part in the preservation and ownership of domestic critical infrastructure.
Estimates from experts at Norton Rose Fulbright and elsewhere in the industry estimate that as much as 80% of solar projects were on hold as a result of the Department of Commerce probe into Chinese tariff circumvention. With the emergency relief coming from a 24-month suspension of tariffs, we’ve already seen domestic solar projects spring back into motion. In addition to this reinvigoration of the US solar industry, the President’s use of the Defense Production Act to spur domestic manufacturing and commerce in crucial clean energy technologies will drive American competitiveness and create and retain clean energy jobs across the country. Specifically, this will use the US Government’s purchasing power to expand the domestic production capability for solar photovoltaic modules and module components, building insulation, electric power grid components, electric heat pumps, electrolyzers, fuel cells, and platinum group metals. Incentivizing U.S. made clean energy technologies is deemed necessary to avert an industrial resource or critical technology item shortfall that would severely impair national defense capability.
For Raise Green, this means that our issuers who are working on solar and clean energy projects should likely get a big boost from falling prices on equipment and greater certainty from the government and the market as we accelerate the transition toward the clean energy economy. Let us know if you’re looking to get your project funded. If you’re an investor, or you’re thinking about investing, we encourage you to check out the offerings and indications of interest on the Raise Green Marketplace, and learn more. The Marketplace has live offerings that are accepting investment, as well as Indications of Interest where you can pledge to invest if or when the issuer goes live with a full offering. It’s free to create an account, and free to indicate your interest!
The emergency steps taken this week to accelerate solar and clean energy deployment in America break the gridlock around US climate action, at a crucial time. This week countries from around the world gather in Bonn, Germany for the intercessional United Nations Framework Convention on Climate Change talks to review progress made since the Glasgow Climate Pact was adopted at COP-26 where countries agreed to step up ambition, and financial institutions pledged $130T in assets toward a net zero pathway by mid-century. This Bonn meeting will be an important kickoff of the review process on countries’ climate targets (Nationally Determined Contributions) in advance of this year’s global climate conference in Egypt scheduled for November 2022. Every climate action counts!
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This Blog is for discussion purposes only, expresses the views of Raise Green, and is not investment research. This is not investment or tax advice, and does not constitute a solicitation to sell or an offer to buy any securities. Certain information is from or links are to third party sources. Although they are believed to be reliable, we do not guarantee their accuracy, completeness or fairness. Raise Green is a licensed Funding Portal with the SEC and FINRA, and is not a Municipal Advisor. Prior to being approved to list a company on the Raise Green portal, a diligence review is completed. Prior to investing. investors must sign up for an account on the portal. Raise Green does not provide tax, accounting or legal advice. Investing in crowdfunded offerings involves risk and you should review the risks of a particular investment prior to investing. You are strongly encouraged to consult your professional advisors before investing. Go to www.raisegreen.com for additional information on services, the funding portal, regulation, and investment risks. Or, direct inquiries to firstname.lastname@example.org. Copyright © 2022
Electric Heat Pumps:
Electric Power Grid Components:
Solar Photovoltaic Modules and Module Components:
Electrolyzers, Fuel Cells, and Platinum Group Metals: