Clear power investments might shut 2022 hitting new heights, setting stage for lofty 2023 •

In case anybody asks, 2022 was all about power — pure gasoline, oil, renewables, all of it. Pure gasoline costs surged early as Vladimir Putin’s poorly thought-out resolution to invade Ukraine slashed gasoline deliveries to Europe. That, coupled with excessive oil costs, considerably contributed to near-record-setting inflation that pressured central bankers to lift rates of interest.

That inflation helped spur the passage of the Inflation Discount Act, which comprises a number of provisions to spice up renewable energy, prepared the grid for its arrival and foster the event of different various sources of power.

Taken collectively, these developments — together with what traders have informed me is a want for secure returns — have despatched {dollars} flocking to scrub power. Enterprise capital exercise within the sector by way of Q3 is on monitor to match 2021’s file highs, based on a brand new report from PitchBook.

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