On this week’s episode of #TruthtoPower, our Founder & CEO, Philip Totaro tackle the impact of the newly signed tax and budget bill in the USA on the revenue, profitability and growth in the market. The cuts made by the new tax and budget bill in the USA will result in approximately $12 – 16 billion less in revenue to #windenergy asset owners. Of the 62.115 GW of projects installed during 2019 - 2022 that were counting on the full value of the PTC, 5.868 GW of projects, or 9.5% of the installed capacity, were not going to break even during the lifetime of the project already with the full value of the PTC available to them. With the reduction of the PTC, IntelStor projects that there will be a total of more than 18.75 GW of wind energy capacity in the USA that will not achieve a full net positive return on capital prior to the planned end of asset life. Since these projects cannot be repowered between 2028 and 2032, they will be forced to life extend or refurbish. Have a listen today, and get in touch with your best questions about the USA or any other country around the world. This show examines data driven insights for the energy sector, with a focus on renewables. To subscribe to IntelStor Research Notes and get early access to our latest content as well as these Truth to Power weekly editorials, visit https://lnkd.in/grfixJn
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