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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.

Workers take a break in the shade of a solar panel during construction of a solar generating facility in Milligan, Tennessee.

Photographer: Daniel Acker/Bloomberg

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.