Opportunity and Complexity: U.S. Clean Energy Financing in 2023

The U.S. renewable energy market is poised for unprecedented growth. There is more opportunity available for developers and investors than ever before. The passage of the Inflation Reduction Act (IRA) in August 2022 is key to this growth. The U.S. will accelerate the deployment of wind, solar, energy storage, electrified transportation and carbon-capture projects.

The war in Ukraine has sparked a global energy crisis, but that has also reinforced the need for energy security in the form of homegrown clean energy. The International Energy Agency forecasts that the world will add as much renewable power in the next five years as it did in the past two decades.

This paper will explore some of the opportunities, complexities and nuances that CohnReznick and CohnReznick Capital are seeing in clean energy at the beginning of 2023, including:

• The M&A landscape
• The implications of the renewed Investment Tax Credit and Production Tax Credit
• The outlook for stand-alone storage and carbon capture
• What to expect in 2023 and beyond