Energy & Science
Covid Created a U.S. Clean Energy Shortfall of Up to $23 Billion
- Virus’s economic fallout seen limiting tax equity supply: BNEF
- As much as 31 gigawatts may need tax equity through 2021
Workers take a break in the shade of a solar panel during construction of a solar generating facility in Milligan, Tennessee.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
As much as $23 billion in capital needed for U.S. clean energy projects could dry up amid the economic fallout from the coronavirus pandemic -- threatening the growth of renewables into next year.
That represents as much as 31 gigawatts of solar and wind projects that may be seeking tax-equity investments over the next 18 months, according to a report by BloombergNEF.