2022-09-26
http://w3.windfair.net/wind-energy/news/41787-rystad-energy-usa-inflation-reduction-act-investments-industry-solar-wind-offshore-onshore-joe-biden-decade-energy-security-gw-capacity

New US law encourages renewable investments

Image: PixabayImage: Pixabay
Rystad Energy predicts extra investments of $270 billion in the wind and solar industry spurred by the Inflation Reduction Act.

Official Press Release Rystad Energy:

Inflation Reduction Act will attract an extra $270 billion in US wind and solar investments by 2030

Wind Industry Profile of
Inflation Reduction Act will attract an extra $270 billion in US wind and solar investments by 2030

The Inflation Reduction Act is set to boost installed solar and onshore wind capacity in the US by 40% by 2030, with an extra 155 gigawatts (GW) of capacity expected to come online this decade, Rystad Energy research shows. The Inflation Reduction Act, signed into law by President Joe Biden earlier this week, extends and expands upon existing tax credits, improving project economics and encouraging investments in renewable energy projects.

The projects added due to the new incentives are expected to attract additional investments of more than $270 billion in the next eight years as developers take advantage of the beefed-up tax credits. To put it into perspective: The US is on track to have 140 GW of onshore wind capacity installed by the end of this year. Under the... ... More: Official Press Release Rystad Energy

Keywords:
Rystad Energy, USA, Inflation Reduction Act, investments, industry, solar, wind, offshore, onshore, Joe Biden, decade, energy security, GW, capacity







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