The renewable energy industry witnessed significant investor attention over the past couple of years because of rapid technological advancements and decreasing costs. Moreover, most countries worldwide are increasingly setting ambitious clean energy goals amid growing concerns about climate change and environmental injustice, making the industry’s prospects bright.
The increasing demand for clean energy across numerous market segments and supportive policies from Biden’s administration focused on fully decarbonizing the economy should boost the industry’s growth. In August, Biden signed the Inflation Reduction Act into law, which aims to provide $369 billion to fund energy and climate projects.
