Wood Mackenzie: IRA set to "reshape US renewables supply chain"

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The IRA set to reshape US renewables supply chain

The Inflation Reduction Act (IRA), flagship legislation focused on accelerating decarbonisation in the US, will significantly boost annual investment into renewable energy deployment in the region. A rise from US$64 billion in 2022 to nearly US$114 billion is expected by 2031, according to Wood Mackenzie, a Verisk business (Nasdaq: VRSK). Wood Mackenzie’s latest report, ‘Boom time: what the Inflation Reduction Act (Act) means for US renewables manufacturers’, provides an initial assessment of how the Act will greatly support the expansion of US renewables... ... More: Official Press Release Wood Mackenzie

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Wood Mackenzie, analysis, USA, IRA, Inflation Reduction Act, onshore, offshore, solar, renewable energy, supply chain, OEM, AMPC, investment