The State of Clean Energy After the 2024 Election

This report outlines the implications of the recent U.S. election results on the clean energy sector. It discusses the challenges and opportunities arising from political changes, regulatory shifts, and financial market dynamics. The report notes that the renewable sector is experiencing cautious investor sentiment, with publicly traded industry leaders underperforming the broader market. It highlights the potential for slower interest rate declines and increased borrowing costs for clean energy investments, particularly if changes to the Inflation Reduction Act occur. The report details six key impacts on the renewables industry, including the need for companies to explore alternative funding strategies, the urgency to secure supplies before new tariffs, and the potential shift towards onshoring and nearshoring manufacturing. Additionally, it addresses the risks associated with subsidy delays and the importance of aligning business strategies with local incentives. The report emphasizes the need for companies to adapt to an evolving regulatory landscape to mitigate risks and seize opportunities.