How does the Inflation Reduction Act impact renewables project planning?
With the IRA providing the certainty developers need, the pipeline for renewables projects in the US is looking robust and healthy. As a result, investment in solar and onshore wind in North America is booming, the US utility-scale solar market will add 437 gigawatts (GW) by 2032, while an average 20 GW of wind power should be added annually over the same period. At the same time, the energy storage market is expanding rapidly, with installations expected to reach almost 75 gigawatts (GW) by 2027.
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