Biden administration slashes rent by 50% on US public land for wind and solar
The Biden administration announced this week that it will cut the cost of building wind and solar on US public land by 50%.
In a statement, the Department of the Interior (DOI) announced:
The new policy will reduce rents and fees substantially and enhance rate predictability for wind and solar developers. On average, the expects rents and fees to decrease by over 50% due to lower acreage rents and a standard megawatt fee that promotes more efficient wind and solar or hybrid projects on public lands.
The DOI…