Climate Changed
Corporate America’s Hunger for Green Power Is Facing a Big Test
- Shrinking U.S. tax credit may slow demand for solar power
- Companies and public agencies poised to shatter 2018 record
Photographer: Jacob Kepler/Bloomberg
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A fading American tax credit will soon test corporations’ enthusiasm for clean energy.
Companies and public agencies worldwide have already agreed to buy 8.6 gigawatts of clean energy this year through July, according to a report Monday by BloombergNEF. That’s well ahead of the 7.2 gigawatts of deals signed in the first seven months of last year and is on pace to shatter the record 13.6 gigawatts purchased in 2018.