Author: Prasanna

The IRA, or the Inflation Reduction Act in the United States, ever since it came into force in August 2022, has been unfolding the kind of impact that has never been seen yet in the clean energy industry. Even as most provisions in the IRA became effective by Jan 2023, the biggest part of the act, the $783 billion in subsidies and other financial support for clean energy and related sectors has disrupted the market like nothing else before. Perhaps the single-minded focus of the Chinese government in the early 2010s, when they decided to ensure they would dominate the…

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