BuildOut

The Biden administration announced Friday that it is waiving some “Buy America” requirements for its $42 billion broadband program. The waiver allows some of the funds for the Broadband Equity, Access, and Deployment program — President Biden’s push to expand high-speed internet access nationwide — to be spent on equipment manufactured abroad. The decision comes after the Department of Commerce found that some materials are not produced stateside in “sufficient and reasonably available quantities” to…

Offshore wind developers are facing financial challenges that threaten to derail several East Coast projects critical to reaching the Biden administration’s near-term clean-energy targets.Supply-chain snarls, rising interest rates and inflationary pressures are making projects far more expensive to build. Now, some developers are looking to renegotiate financing agreements to keep their projects under way. The Biden administration has set a target for the U.S. to develop 30 gigawatts of offshore wind power by 2030—enough…

Apple CEO Tim Cook and AMD CEO Lisa Su will join President Joe Biden at an Arizona event for Taiwan Semiconductor Manufacturing Co. Apple Inc. Chief Executive Officer Tim Cook and Advanced Micro Devices Inc. CEO Lisa Su will join President Joe Biden on Tuesday at an Arizona event for Taiwan Semiconductor Manufacturing Co., where the chipmaker will announce plans to bolster its investment in the state to $40 billion and construct a second production facility.Cook, Su and Biden will be at the site of a $12 billion plant…

The landmark climate bill passed by Congress on Friday aims to reduce carbon emissions with subsidies for speeding the build-out of renewable-energy projects. Success in meeting its emissions goals will depend on how quickly that build-out happens.Despite the new financial support for renewable technologies, the industry faces supply-chain snarls, logjams in securing project approvals and challenges in constructing new high-voltage power lines and large-scale batteries to support an unprecedented build-out of wind and…