Bipartisan legislation introduced on Wednesday by a bicameral group of lawmakers seeks to give renewable energy project investors access to an existing corporate structure whose tax benefits are now only available to investors in fossil fuel-based energy projects.
The Master Limited Partnerships Parity Act, reintroduced by Sens. Chris Coons (D-Del.), Jerry Moran (R-Kan.), Debbie Stabenow (D-Mich.), and Lisa Murkowski (R-Alaska) in the Senate on Wednesday essentially seeks to modify the federal tax code and make available private capital by helping renewable power companies form master limited partnerships (MLPs). The MLP Parity Act was also introduced in the House on Wednesday by Reps. Ted Poe (R-Texas), Mike Thompson (D-Calif.), Peter Welch (D-Vt.), and Chris Gibson (R-N.Y.).
An MLP is a business structure that is taxed as a partnership, but whose ownership interests are traded like corporate stock on a market. By statute, MLPs have only been available to investors in energy portfolios for oil, natural gas, coal extraction, and pipeline projects. These projects get access to capital at a lower cost and are more liquid than traditional financing approaches to energy projects, making them effective at attracting private investment
The future of clean energy rests on the ability to create and sustain renewable energy projects. The more we add to our energy portfolio, the more we will need to maintain those aspects of our energy portfolio.
Wind turbine installation processes are becoming more challenging as turbine sizes increase, and the size of wind farms grows larger. Delays can add thousands of dollars per day. Reducing installation times through continuous improvement is increasingly important and portable machining has proven to be an essential aspect of this process.
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Read more from the source: powermag.com