How the Inflation Reduction Act made renewables inflation worse ...Middle East

News by : (The Hill) -
Who would have predicted that after all the Inflation Reduction Act subsidies, the U.S. would not by now have topped the renewables construction peak, which was achieved under the Trump administration? Although there have been many assertions that the act's tax incentives would accelerate renewables and make projects cheaper, that has not occurred. Instead, wind and solar are now much more expensive. As a result, while utility-scale solar construction has expanded, utility-scale wind construction has dropped significantly in the U.S. The year 2020 is still the high watermark for combined solar and wind construction.  There are several reasons why wind and solar renewables deployment

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