With fuel prices to fossil generators likely remain at high levels over the next few years, our S&P Capital IQ Pro Power Forecast findings have flagged significant momentum for green energy investment. Furthermore, the enactment of the Inflation Reduction Act (IRA) will dramatically lower the grid cost of additional zero-carbon generation accelerating its adoption well beyond prior forecasts. The provisions of the IRA represent a dramatic tilt in the direction of carbon-free generation. Growth of the renewable energy segment, already expected to be significant, will expand even further under the tax credits available through the IRA, pushing the electric sector closer to full decarbonization. What does this imply for the future of fossil generation?
Join our analysts as we update the market dynamics of fossil and green generation from our Q3 2022 power forecast release.
- Key assessments and assumptions in modelling the impact of the IRA on future capacity expansion
- Fossil market share under the IRA and future value drivers
- Evolution of green energy's corresponding market share
- Recent developments impacting offshore wind expansion
S&P Global Commodity Insights produces content for distribution on S&P Capital IQ Pro.