Some European firms are delaying decisions amid overall reluctance for investment commitments in U.S. green energy until the election.
Europe an green energy firms are holding off on decisions about their American operations amid growing concerns that a Donald Trump administration wouldn’t support clean energy policies. Since the Inflation Reduction Act IRA was passed two years ago, many Europe an companies have been lured to the U.S. with the generous incentives the Act is offering for innovative green energy solutions.
Now some others with previous such plans are delaying decisions amid overall reluctance for investment commitments in U.S. green energy until the election. For example, SMA Solar, a German solar inverter manufacturer, issued earlier this month a profit warning as it cut its earnings guidance amid rising political uncertainty with the newly elected righter-leaning European Parliament and the upcoming U.S. presidential election.
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