After the news of Donald Trump’s reelection as U.S. president, infrastructure investors everywhere are wondering what his administration will mean for the renewable energy sector.
The Biden administration had made strides in clean energy, with $369 billion spent and the Inflation Reduction Act (IRA) serving as large steps for renewable energy, according to an Infrastructure Report by Patrizia. Trump has been clear about his intentions of supporting the fossil fuel industry and eliminating existing structures that support the energy transition. While lots is up in the air with unclear energy expectations, some renewable energy sources are likely to be secure.
"We expect the combination of a Trump win and Republican control of Congress will lead to attempts to repeal various provisions of the Biden administration’s historically relevant climate legislation, the Inflation Reduction Act of 2022. However, we expect tax credits supporting onshore wind and solar investmen
