Ed Zaelke Quoted on EPA and Power Purchase Agreements by Solar Industry
Solar Industry, for its article “Expect Solar PPAs To Win Big Once EPA Carbon Rules Are Laid Down,” quoted Akin Gump global project finance practice co-head Ed Zaelke on a proposed Environmental Protection Agency (EPA) rule limiting carbon emissions from existing power plants.
Zaelke noted that legal challenges to the rule could delay implementation, saying, “In the short term, the opportunity [to add renewables] will be quite limited. Given the restrictions on fossil plants, there will be litigation in the rules.”
However, he believes that the rules will get settled, which will result in an increase in renewable energy development by a number of states.