Covid-19 and tax credit withdrawals spell uncertain future for renewables

29 April 2020 (Last Updated April 29th, 2020 11:26)

US analytics firm S&P Global has announced that the Covid-19 pandemic could have an adverse effect on US renewable power, with federal support for power sources such as wind and solar in the long-term no longer certain.

In a webinar held on Tuesday, the company’s Platts Analytics group reported that renewable energy in the US has not been included in any of the financial stimulus measures implemented in response to the pandemic, and this uncertainty has hampered renewable investments.

Read more about the impacts of Covid-19 on US renewables here.