IRA will see solar and wind account for over 60% of US generation by 2030

Solar and wind installations in the US could account for between 40% and 62% of total electricity generation by 2030.

Solar and wind installations in the US could account for between 40% and 62% of total electricity generation by 2030, according to a report from the National Renewable Energy Laboratory (NREL).

The forecast growth is due to the stimulating effects of the ‘game-changing’ Inflation Reduction Act (IRA), which came into force last summer and introduced US$369 billion in incentives and tax credits for renewable energy investment, and the Bipartisan Infrastructure Law (BIL) which focuses on jobs and infrastructure investment.

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Source: PV Tech

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