Expectations for Renewable Energy Finance in 2023-2026

An analysis released by the American Council on Renewable Energy (ACORE) assesses how the Inflation Reduction Act (IRA) is impacting the near- and mid-term outlooks of some of the most prominent investors and developers in the renewable energy sector. This report, Expectations for Renewable Energy Finance in 2023-2026, also presents survey results addressing the headwinds currently hindering the rate of clean energy development and the potential impacts of new and different financing structures, such as transferable tax credits, on the market over the next three years.

While many of the same headwinds that existed before the IRA’s enactment (grid-related issues, supply chain challenges, trade restrictions, tax equity constraints) continue to impact renewable investors and developers, the new analysis finds the IRA has already increased companies’ participation in the renewable energy market in 2023. All surveyed developers and most investors said they plan to increase their activity in the U.S. renewable energy sector compared to last year, with 84% of investors planning to increase their U.S. renewable energy investment by 5% or more.