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-0.000491131514522176 -0.000866041067592423 -0.0012409506206628 -0.00330295316254956 0.00138341625082946 0.00756942387648974 0.0100063359714469 0.0130056123960094
Stock impact report

What does clean energy economic development mean in NC? Billions, says new report. [Yahoo! Finance]

Wolfspeed, Inc. (WOLF) 
Company Research Source: Yahoo! Finance
local economies while they're being built and hundreds of millions after, according to a new analysis. E2, a nonpartisan group of environmental business leaders, analyzed nine clean energy projects announced in North Carolina in the year after the federal Inflation Reduction Act passed, August 2022 to August 2023. The E2 analysis found that nine projects announced over that period totaled $10.1 billion in economic investment, with another $1 billion in annual investments over the lifetime of the facilities. It also estimated that the projects would generate $7.6 billion in income during the construction phase, followed by $380.4 million in income when the facilities were operating. That would mean $10.2 billion added to the state's gross state product during construction and $593.5 million to the GSP annually during the life of the facilities. Those projects included a $2.5 billion expansion of Toyota's Liberty battery plant announced in August 2022 and another $2.1 billion expa Show less Read more
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