A spin-off of the Connecticut Green Bank, IPC is a not-for-profit investment fund that scales clean energy financing and channels investment capital to communities that need it most.
The Shanghai-based project developer – which will soon relocate to the U.S. – says the profit margins are not high enough in those markets and has cancelled its project pipeline in the nations. The company has also changed its CEO after less than five months and is on a drive to reduce capital costs.
Senator and 2020 candidate Elizabeth Warren has announced plans for a targeted expansion of renewable energy development on public lands along with a moratorium on new fossil fuel leases.
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