Ongoing uncertainty in the US renewable energy sector has shifted the landscape into a buyer’s market.
A central provision of President Donald Trump’s One Big Beautiful Bill is that renewable energy projects need to meet certain development milestones prior to 2027 to retain the benefit of federal tax credits.
“Can a buyer of these projects safe harbor fast enough to lock in that tax credit or develop a strategy with respect to that project that is not reliant on tax credits?” Leff questioned.
Small, financially struggling, subsidy-dependent battery energy storage system (BESS) companies are also expected to come to market, said Chris Taylor, CEO of Goldman Sachs Asset Management-backed battery developer Gridstor.
Taylor anticipates battery platforms coming to market will “attempt platform sales that will really become a portfolio sale,” as most potential buyers of defunct battery businesses with mid-stage assets likely already have a platform of their own.
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