IRA likely spurred growth in smaller solar markets, but grid expansion isn’t keeping pace: S&P

• Renewable energy developers’ project queues have grown by nearly 12% to 110.4 GW since the middle of 2023, according to new data from S&P Global Market Intelligence.
• While most of the gains have gone to the nation’s largest developers, those companies were likely to post growth with or without the aid of the Inflation Reduction Act, according to Adam Wilson, renewable energy analyst for S&P Global Market Intelligence. The IRA has helped smaller developers weather the industry’s current storms, Wilson said.
• However, Wilson said interconnection backlogs and grid constraints mean at least some of the projects currently in the works will never be built.

Source - https://www.utilitydive.com/news/ira-renewable-energy-wind-solar/701812/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202023-12-07%20Utility%20Dive%20Newsletter%20%5Bissue:57135%5D&utm_term=Utility%20Dive

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Paul Young CPA CGA

Senior Data and AI Thought Leader - Financial Planning, Analysis, and Reporting

[email protected]

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