Investor Presentaiton
RENEWABLE ENERGY INFRASTRUCTURE SOLUTIONS
Inflation Reduction Act (IRA) Expected to Drive Significant Renewable Generation and Related Investment
Est. Incremental Energy Spending from the IRA (1)
Expected Decarbonization Capital in the U.S.
Mobilized by the IRA (2)
Annual Installation of Renewable Energy Assets
by Technology: 2015-2030E, in GWs (3)
10
10
Budgetary effect of Federal energy tax
incentives (US$, bn)
30
80
40
60
50
Existing law
■Inflation Reduction Act
0
2010
2011
2012
2013
2014
20
Est. incremental
energy spending
from the IRA
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
Electricity
Transmission,
31%
Non-tax related
energy/climate
incentives, 7%
Renewables,
41%
Clean Energy
Capital mobilized
by IRA
$ 1.6 tn
Other clean
technologies
tax incentives,
20%
Renewables - Annula Installations
(GW)
QUANTA
(1) US Dept. of Treasury, Congressional Budget Office, Goldman Sachs Global Investment Research
(2) Congressional Budget Office, Princeton University, Goldman Sachs Global Investment Research
(3) EIA, S&P Global, Goldman Sachs Global Investment Research
90
80
■Onshore Wind
Offshore Wind
70
■Solar Utility-Scale
■Solar -- Distributed
60
■ Other
50
22 122 O
40
30
20
2015
2016
2017
2018
2019
2020
2021
2022E
2023E
2024E
2025E
2026E
2027E
2028E
2029E
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2030EView entire presentation