‘America cannot afford to wait’ on Build Back Better say US corporates as Manchin turns to Republicans for support

Facebook
Twitter
LinkedIn
Reddit
Email
Joe Manchin has refused to back the BBB Act and is now reportedly turning to Republicans to pass a separate investment packages. Image: Matt Wade/Flickr.

Dozens of major corporate entities in the US have joined renewable energy organisations in demanding greater action on the Biden administrations’ budget reconciliation package for clean energy and manufacturing as Congress returns from recess.

With progress on the clean energy agenda so far stymied, reports have suggested that obstructive Democratic senator Joe Manchin is seeking an alternative package with Republican lawmakers.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

As the saga of the Biden administration’s inability to pass its clean energy and manufacturing economic package – dubbed Build Back Better (BBB) – drags on, nearly 50 large corporates in the US have written a letter to Congress urging lawmakers to “swiftly come to an agreement on and pass an economic infrastructure package” centred on clean energy and manufacturing.

The signatories – Adobe, Airbnb, IKEA, eBay, Ben & Jerry’s, Holcim, HP, JLL, Levi Strauss & Co., Logitech, Lyft, Redfin, PSEG, Salesforce, Sierra Nevada, Unilever and more – called for “fiscally-responsible clean energy investments” in the following areas:

  • Clean energy tax credits for electric transmission and utility-scale solar, wind, storage, carbon sequestration, nuclear and clean hydrogen.
  • Incentives and investments in domestic clean energy supply chains, advanced manufacturing and government procurement.
  • Electric vehicle (EV) and charging infrastructure tax credits for individuals (including used EVs and ebikes) and corporate fleets.
  • Residential solar and energy efficiency incentives and investments, especially in low-income communities.
  • Rural development and resiliency investments in climate-smart agriculture and forestry.

They said the above investments were necessary to achieve lower costs and greater stability for US businesses, reduce supply chain delays and disruptions, ensure equity and opportunity for communities across the country and strengthen US global competitiveness in the “industries of today and tomorrow”.

“As we look to the future, clean energy will be the backbone of America’s economic infrastructure and the key to the global competitiveness of American businesses,” said the signatories to the letter, organised by sustainability non-profit Ceres. “The time to invest in and build that economic infrastructure is now. America cannot afford to wait as other countries gain a competitive edge.”

This is just the latest call for greater progress on the Act. In February, more than 60 clean energy organisations wrote to congressional leaders urging them to pass the Build Back Better (BBB) Act before President Biden’s State of the Union Address on 1 March, in which Biden emphasised the need for more renewables investment and tax incentives to speed up solar deployment.

And in January, over 260 companies in the US demanded urgent action on the BBB Act, claiming that US$2 billion is being lost in economic activity every month the long-awaited bill is delayed.

Featuring clean energy and climate investments totalling US$555 billion, BBB includes expanded and extended solar investment tax credits (ITC) and support for domestic PV manufacturers, among a host of other green initiatives.  

PV Tech Premium has examined what impact BBB could have on the US solar sector.

Manchin turning to Republicans to pass fiscal spending package

Passing of the BBB Act in full has been blocked by Democrat Senator Joe Manchin who said he would not support the legislation, claiming it would “risk the reliability” of the US’s electric grid.

However, Bloomberg has today reported that Manchin is exploring an energy and climate package with Republicans. The news service said he was aiming to win enough Republican support to skirt the partisan budget reconciliation.

“If I can find something bipartisan, we don’t need reconciliation,” Bloomberg reported Manchin as saying in an interview on Monday.

Quoting a person familiar with the matter, Bloomberg reported the potential bipartisan package put together by Manchin could include changes to federal land policy, aid for domestic pipelines and efforts to bolster production of both liquefied natural gas at home and abroad in a clear reorientation towards greater short term fossil fuel extraction.

It could be paired with hundreds of billions of dollars in new and expanded tax credits for wind and solar power, nuclear plants, biofuels and advanced energy manufacturing, the source said.

PV Tech has contacted Manchin’s office for comment. More to follow…

8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
11 March 2025
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

May 24, 2024
Solar project developer Recurrent Energy has secured a €674 million (US$730 million) revolving credit facility to expand its European solar and battery energy storage system (BESS) portfolio.
May 24, 2024
Ørsted has closed a US$680 million tax equity financing with JP Morgan for a solar project, alongside a solar-plus-storage project.
May 24, 2024
US power distribution company Entergy Louisiana has received approval from the Louisiana Public Service Commission (LPSC) to add up to 3GW of solar PV.
May 24, 2024
US independent power producer Pivot Energy and electric vehicle (EV) manufacturer Rivian have partnered to build 60MW of community solar in Illinois, US.
May 23, 2024
Spanish firm Acciona Energía has commissioned its 458WM Red-Tailed Hawk PV project in the US state of Texas.
May 23, 2024
The flurry of recent tariff changes for solar imports to the US is likely to make products from Southeast Asia less attractive to buyers, according to renewables analysis firm Clean Energy Associates (CEA).

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 29, 2024
11am (EDT) / 5pm (CEST)
Solar Media Events
June 4, 2024
London, UK
Upcoming Webinars
June 11, 2024
3:00 PM (BST) / 4:00 PM (CEST)
Solar Media Events
July 2, 2024
Athens, Greece