New federal policies in the US will have a negative impact on the country's renewable energy sector, particularly affecting battery storage and solar industries.
According to a webinar hosted by Wood Mackenzie, titled 'Power at a price: navigating equipment delays, market shifts & supply chain shocks in 2025', the new policies will cause significant effects on the sector.
The new policy landscape could trigger the loss of 60GW of planned capacity in the next five years.
Market analyst Clean Energy Associates (CEA) also suggests growing uncertainty in the US renewables space, aligning with the conclusions from Wood Mackenzie's analysis.
Author's summary: US renewable energy faces challenges due to new policies.