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Infrastructure
The solar coaster: The twists and turns of an evolving investment opportunity set
Significant growth in electrification is required in the United States to meet decarbonization goals. According to the Department of Energy, the capacity of the existing U.S. grid will need to increase 57% by 2035.1 To support this additional electrification, annual capacity additions of 58–115 GW of clean energy generation (enough to power 43–86 million homes) will be required through 2050,2 underscoring the tremendous need for investment in electrification and associated supporting infrastructure, which is estimated to be $200B–$500B annually in the U.S. alone.
In a recent white paper, Don Dimitrievich examines the significant transformation the U.S. energy ecosystem is undergoing, and why credit can be an attractive strategy to capitalize on today’s infrastructure opportunity.
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In Infrastructure Investor’s May 2025 Energy Transition report, Joost Bergsma, global head of clean energy for Nuveen Infrastructure, discusses why investors are continuing to show interest in renewables, even as certain economies and technologies encounter turbulence and power price risk.
The Inflation Reduction Act is supercharging a resurgence in US manufacturing by supporting supply chain industries that facilitate decarbonization. Where can infrastructure debt play a role in financing the sustainable energy supply chain? Don Dimitrievich, SMD and Portfolio Manager for Nuveen Energy Infrastructure Credit, discusses this compelling investment opportunity in Preqin’s 2023 Global Infrastructure report.
Don Dimitrievich spoke with PDI about the compelling opportunity for infrastructure debt lending in North America.
Endnotes
1. “Draft 2023 National Transmission Needs Study” Grid Deployment Office, Department of Energy, April 2023 https://www.energy.gov/gdo/national-transmission-needs-study
2. https://www.whitehouse.gov/wp-content/uploads/2021/10/US-Long-Term-Strategy.pdf. Conversion 1GW = 750,000 homes.
