Case for investing in clean energy in remote communities

Case for investing in clean energy in remote communities The case for investing in clean energy in remote communities Recommendations on how to improve access to capital Katarina Savic April 2022 Photo: David Dodge, Green Energy Futures The case for investing in clean energy in remote communities Recommendations on how to improve access to capital Katarina Savic April 2022 ©2022 The Pembina Instit. [...] In this report we highlight the need to significantly increase access to private capital for renewable energy projects; summarize the key barriers facing renewable energy deployment in remote communities as they relate to accessing capital; and recommend key government policies, programs, and tools that could be used to attract market capital and improve the business case for renewables in remote. [...] Policies and tools to increase access to capital The affordability and speed of the low-carbon energy transition will depend on keeping financing costs low.17 The role of federal, provincial, and territorial governments is to create a policy environment that supports renewable energy generation and attracts private capital to invest in clean energy in remote communities. [...] The alternative Investment Tax Credit (ITC) provides a credit for 12%–30% of investment costs at the start of the project34 and is considered one of the most important federal policy mechanisms to support the solar energy industry in the U. [...] Pembina Institute The case for investing in clean energy in remote communities | 18 Policies and tools to increase access to capital financial instruments to adequately finance renewable energy projects in remote communities.