NEW YORK (Reuters) - The wind and solar industries hope demand for carbon-free power from U.S. cities, states and corporations can offset headwinds from President Donald Trump’s tax policy and tariffs, developers said this week............“More and more corporations and consumers are saying ‘We want 100 percent renewable energy,’” she said, adding city and state governments are adopting renewable-friendly policies to reflect that growing demand................Meanwhile, the industry is bracing for the scheduled reduction and ultimate expiry of lucrative subsidies on solar and wind power over the coming years, including a 30 percent tax credit on solar installations.........................
This will make it trickier to finance some renewable projects, said Robert Sternthal, managing director at Rubicon Capital Advisors, who is putting together a team of bankers to advise on renewable deals in North America.
Without the incentives, “pricing may have to go up on the electricity side” for some projects, he said on Tuesday. Yet he also expects growing demand from tech corporations that have pledged to be carbon-neutral and will not rely on wind or solar energy for profits.
Read the full article here: