Renewable Energy Financing Trends: The year ahead
One year ago, few could have predicted that 2020 would be so completely defined by the global coronavirus pandemic, which seismically disrupted how people live, work and learn.
Despite these challenges, the clean energy industry has been strikingly resilient. Global solar installations are up 5% since 2019, and energy storage installations in Q3 2020 were an astonishing 373% higher than that same period the year before. Likewise, wind energy had a record-setting Q3 for new installations, quickly recovering from an earlier decline in March.
There's no doubt that the year ahead will likewise be full of opportunities for renewables. In this white paper, CohnReznick and CohnReznick Capital take a closer look at the issues and trends impacting clean energy in the U.S. over the short and long term, including:
- The impact of the 2020 U.S. election
- Corporate demand for clean energy
- The tax equity landscape
- Trends to look for in 2021
InsightNew COVID-19 relief includes extenders for Renewable EnergyLee Peterson, Anton Cohen, Joel CohnAfter many months of on and off negotiations, including a final push that began the day after the November general election, Congress has passed a new round of COVID-19 relief worth nearly $900 billion.
InsightFederal banking regulator blesses renewable energy tax equity in CRA updatesLee PetersonThe federal banking regulator has encouraged and provided new guidance for clean energy investment in LMI areas under the Community Reinvestment Act. Read more.
InsightEnabling diversity and inclusion in clean energy adoptionLike many other industrial sectors, the U.S. solar and wind industries have a mixed record of promoting gender and racial diversity across their workforces. While deliberate efforts to evolve and progress have been undertaken in recent years, much work remains to be done to make these industries more inclusive.