KKR Sees Renewables Boom Even If IRA Faces Risks in Election

While the renewables boom is here to stay, the US election in November may leave certain Inflation Reduction Act programs and regulations vulnerable to repeal, according to KKR & Co.’s global head of infrastructure, Raj Agrawal.

“Many of our clients are asking whether we think there is an electoral outcome that will result in the repeal of the Inflation Reduction Act, which is providing hundreds of billions of dollars in funding and tax incentives for clean energy innovation, research and development, and deployment,” Agrawal wrote in a note distributed to clients Thursday.