Bank Turmoil Could Undermine The Effect Of Biden’s Clean Energy Bill

After the collapse of Silicon Valley Bank and Signature Bank, U.S. clean energy start-ups and companies could face growing difficulties in accessing finance, which could slow the effect of a rapid renewable energy rollout intended by the Inflation Reduction Act, analysts and investment firms have told the Financial Times. The Inflation Reduction Act (IRA) has around $370 billion in climate and clean energy provisions, including investment and production credits for solar and wind power generation, storage, critical minerals, funding for energy…