While activists and critics decry the current administration’s renewable energy policies as inadequate or unsupportive, something great happened in 2019: The United States renewable energy sector attracted a record $55.5 billion in investment.
As renewable energy costs have plunged and onshore wind and solar developers rushed to qualify for tax credits before they are scaled back this year, investment surged 28% from a year earlier, a report by Bloomberg New Energy Finance (BNEF) said.
Sometimes the best policy is letting the market work itself out, as it appears to have done in the renewable energy sector last year. And that’s great news for American families and businesses, because more energy options means more affordable and reliable energy for everyone.
Read more at Reuters
