Expectations for Renewable Energy Finance in 2022-2025
Progress and Challenges on the Path to Decarbonization
Despite growing momentum for the energy transition, several headwinds have emerged that could impede the rate of renewable growth and sidetrack progress on climate targets, according to an analysis released June 7, 2022 by the American Council on Renewable Energy (ACORE). The report, Expectations for Renewable Energy Finance in 2022-2025, presents the results of surveys that were conducted with prominent financial institutions and renewable energy development companies both before and after the Department of Commerce initiated its solar tariff inquiry.
The new report also tracks progress on the $1T 2030: American Renewable Investment Goal, an initiative ACORE launched in 2018 to help secure $1 trillion in private sector investment in renewable energy and enabling grid technologies by 2030. One trillion dollars of investment over 2018-2030 would represent more than double the historic annual investment in the U.S. renewable sector in the years before the campaign launch and help put us on a trajectory toward meeting President Biden’s goal of a carbon-free grid by 2035.