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This bill matters because it could influence the development timeline of certain hydropower projects across the U.S. Hydropower is a source of renewable energy, and giving these projects more time to start construction could help bring more clean energy online, contributing to energy independence and reducing reliance on fossil fuels. It acknowledges that large infrastructure projects often face unforeseen delays, such as economic downturns, supply chain issues, or permitting complications, which may have been exacerbated by the COVID-19 pandemic.
If this bill becomes law, eligible hydropower projects that were on the verge of losing their licenses due to delays will get a second chance, potentially saving significant investments already made in planning and permitting. If it doesn't become law, many of these projects might see their licenses expire, forcing developers to restart the lengthy and costly licensing process from scratch, or abandon the projects altogether, potentially delaying or preventing new hydropower capacity.
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This bill matters because it could influence the development timeline of certain hydropower projects across the U.S. Hydropower is a source of renewable energy, and giving these projects more time to start construction could help bring more clean energy online, contributing to energy independence and reducing reliance on fossil fuels. It acknowledges that large infrastructure projects often face unforeseen delays, such as economic downturns, supply chain issues, or permitting complications, which may have been exacerbated by the COVID-19 pandemic.
If this bill becomes law, eligible hydropower projects that were on the verge of losing their licenses due to delays will get a second chance, potentially saving significant investments already made in planning and permitting. If it doesn't become law, many of these projects might see their licenses expire, forcing developers to restart the lengthy and costly licensing process from scratch, or abandon the projects altogether, potentially delaying or preventing new hydropower capacity.
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