IRA has spawned 330 clean energy projects, report finds

By Brian Dabbs | 08/15/2024 06:28 AM EDT

A study by the E2 advocacy group says the climate law could spur $126 billion in private-sector investment.

A solar farm in Louisiana.

A solar farm in Louisiana. Entergy

Clean energy advocates say the Inflation Reduction Act is a major economic success nationwide, particularly in Republican districts, as the law hits its two-year anniversary and the GOP looks to dismantle it.

More than 330 clean energy and vehicle projects — from wind and solar farms to hydrogen facilities and battery plants — have been announced since the law was passed, and could deliver $126 billion in private sector investment and over 109,000 jobs, according to a new report from the advocacy group E2.

On a call with reporters Wednesday, E2 Executive Director Bob Keefe called the IRA the “biggest economic revolution this country has seen in generations.”

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“It’s because we finally, finally, finally, in this country decided to do something about climate change and clean energy when we passed the IRA,” Keefe said.

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