The Auxin Solar tariff investigation and uncertainties around tax incentives tanked progress, according to a new American Clean Power report.
Written by Shel Evergreen. Published by Canary Media Aug. 1, 2022.
Renewable energy deployment must occur at an astounding pace to meet net-zero targets by 2050, but policy tangles, supply-chain vulnerabilities and economic uncertainty contributed to a 25% decline in the rate of clean energy installations in the first half of this year.
That’s according to a new report from the American Clean Power Association, which says the drop in installations is more “drastic” when comparing quarters year-over-year. In the second quarter of this year, renewable energy projects beginning construction were down 55% compared to the same quarter last year, while projects in the advanced phase of development — those with agreements in place but not yet under construction — were down 43%...