March 10, 2025
Despite challenging headwinds, capital markets activity in the U.S. renewables sector remained resilient in 2024. Across the board, market participants faced a high interest environment, supply chain constraints and increased policy uncertainty with an active election cycle; however, the Inflation Reduction Act (“IRA”) continued to provide a baseline level of support, with extended and increased tax credits and an emerging transferability market buttressing capital raise and M&A transaction activity. More broadly, the rising demand for reliable baseload power fueled by generative AI and the rapid expansion of data centers has become a key driver of industry growth.
