US Renewable Sector to See $114 Billion Annual Investments by 2031: Report

IRA will encourage manufacturers but impact on utility-scale projects not clear

January 20, 2023

/ Rakesh Ranjan
/ Other, Renewable Energy
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The Inflation Reduction Act (IRA) in the U.S. will propel the annual investment in the country’s renewable energy sector to nearly $114 billion by 2031 from $64 billion in 2022, Wood Mackenzie’s latest report said.

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Rakesh Ranjan

More articles from Rakesh Ranjan.
Inflation Reduction ActManufacturingOriginal Equipment ManufacturerSolarU.S.wind
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