After the Renewable Energy industry claimed in a lobbying drive that lease rates and fees are too high to attract investment, it could jeopardize the president’s climate change program. As a result, the Biden administration proposes to make federal lands cheaper to access for solar and wind power producers. President Joe Biden’s administration’s decision to examine the national land policy for Renewable Energy projects is part of a more significant attempt to combat global warming by encouraging clean energy growth while discouraging drilling and coal extraction.
Jane Scott, the senior counselor to the U.S. Interior Department’s assistant secretary for land and minerals, said, “We recognize the world has changed since the last time we looked at this and updates need to be made.” The Bureau of Land Management (BLM) of the Interior Department announced on Tuesday that it had begun a process to revise regulations related to Renewable Energy permitting and rights-of-way on public lands. It starts with four public listening sessions in September and a separate consultation with Native American tribes.
The lectures will cover wind, and solar rights-of-way rent leasing schedules and prices, application processing times, and environmental justice issues. The drive for easier access to enormous federal areas highlights the Renewable Energy sector’s insatiable appetite for new land. According to research firm Rystad Energy, Biden’s goal is to decarbonize the electricity sector by 2035, a target that would necessitate an area larger than the Netherlands for the solar industry alone.
A rental rate and charge plan for federal solar and wind leases are at issue to keep rates in line with the value of adjoining agricultural land. Some significant solar projects pay $971 per acre per year in rent and more than $2,000 per megawatt of power capacity under that regulation, which President Barack Obama’s administration introduced in 2016.