Axios -Wind and solar companies saw a one-year, 4x jump in private equity investment to $16.3 billion last year, according to a new report from the American Investment Council, which advocates for private equity. Reality check: Big solar and wind projects had a miserable 2022 when it came to putting steel in the ground. Supply chain upheaval and trade disputes with China choked the solar industry, stoking a 16% drop in capacity that came online last year. Plus there's a years-long backlog of projects waiting to connect to electric grids. Those wind and solar projects alone would generate more electricity than the entire U.S. grid.
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