CALGARY, Alberta (July 15, 2025) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages Generative AI across its solutions, has released a new report accessing the impact of the One Big Beautiful Bill Act now that it has been signed into law. In the report, EIR experts evaluate where resilient renewable capacity is most concentrated in the U.S. queue and which solar and onshore wind developers are the most exposed.
“We define resilient projects as those with before-tax levelized cost of energy (LCOEs) that are lower than prevailing power and renewable energy credit (REC) prices. These competitive LCOEs can be achieved without the support of tax credits,” said EIR Analyst Corianna Mah.
“In our analysis, we estimate the top three largest renewable portfolios each have less than 30% of resilient queued capacity.”
“We expect development activity to shift toward states with renewable portfolio standard targets like Arizona, Ohio and others, where stronger REC prices and policy support can still underpin project economics and long-term offtake power purchase agreements (PPAs),” Mah said.
Key takeaways from the report:
- An estimated 30% of solar and 57% of onshore wind capacity are resilient to removing the investment and production tax credits. These projects can achieve a before-tax LCOE below their respective markets’ forward power and REC prices without relying on tax credits.
- Among the five states with the largest queued solar capacity, Texas, Illinois and Indiana have the lowest shares of resilient projects — 6%, 40% and 41%. Nearly all queued solar projects in California and Arizona are resilient.
- Of the leading states by queued onshore wind capacity, Iowa, Illinois and Texas have low shares of resilient projects between 21% and 61%. All evaluated wind projects in Montana and most in Oklahoma meet our resilience threshold.
EIR’s analysis pulls from a variety of products including Enverus FOUNDATIONS® | Power & Renewables.
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About Enverus Intelligence® Research
Enverus Intelligence ® | Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations and macro-economic forecasts; and helps make intelligent connections for energy industry participants, service companies and capital providers worldwide. Enverus is the most trusted, energy-dedicated SaaS company, with a platform built to create value from generative AI, offering real-time access to analytics, insights and benchmark cost and revenue data sourced from our partnerships to 95% of U.S. energy producers, and more than 40,000 suppliers. Learn more at Enverus.com.
