Although wind and solar project development in the U.S. experienced record-breaking sales in recent years, headwinds are anticipated to increase. Several challenges continue to delay deployment, such as lack of sufficient of grid capacity and long interconnection queues, permitting and siting challenges, high interest rates, and lingering supply chain issues. A new federal administration continues to seek opportunities to create roadblocks for clean energy project development by freezing federal funding and threatening to end the Inflation Reduction Act and Bipartisan Infrastructure Law. Threats to impose tariffs and increase taxes on imports also create concern for project development. Despite such challenges, the U.S. increasingly needs more clean energy development as demand from data centers rapidly escalates requiring significant growth in electrical generation and storage.
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