Renewable Energy Project Activity in North America is Expected to Stay Strong, an Industrial Info Market Brief

The North American power sector is expected to continue to see strong investment amounts for renewable energy projects. Industrial Info is tracking more than $150 billion worth of project activity that is kicking off construction beginning in 2019 and stretching through 2021. This is led by the construction of wind and solar energy, but other types of renewable energy are in the mix, including hydroelectric. Developers have until the end of 2019 to begin construction to benefit from the Production Tax credits for wind projects. The Investment Tax Credits for solar power are reduced at the end of 2019 as well. Project activity remains healthy in Canada and Mexico as they transform their energy sectors as well.