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PE Daily: Private Equity Doubles Down on U.S. Solar Despite Headwinds

Reported by WSJ
Nov 5, 2026· 2 min read
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Key Takeaways
  • • Private-equity fund managers remain bullish on U.S. solar despite policy headwinds and the phase-out of tax incentives, according to WSJ's PE Daily newsletter.
  • • The U.S. recorded 205 solar project acquisitions through September 2026, up 23% from the year-earlier period, per Mercom Capital Group.
  • • Investors are betting that surging power demand will outweigh policy shifts and reward buyers who acquire assets at favorable prices.
  • • The newsletter also notes that midterm election losses cost private equity some key allies on Capitol Hill.
Summary
Private-equity fund managers continue to position for U.S. solar investment despite a less supportive policy environment and the vanishing of federal tax incentives, according to a report by Luis Garcia in the WSJ's PE Daily newsletter. The core thesis is that accelerating electricity demand will absorb the impact of policy changes and create opportunities for investors willing to buy at attractive valuations.

Mercom Capital Group data cited in the report show 205 solar project acquisitions in the United States through September, a 23% increase from the same period a year earlier. The activity suggests that deal flow in the sector has held up even as the policy backdrop has become more uncertain for developers and financial sponsors.

The newsletter also highlights that midterm election losses cost private equity some key allies on Capitol Hill, a development that could bear on the political support available to the industry as it navigates shifting federal policy. The primary source provides limited further detail on the specific lawmakers or legislative effects involved.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

WSJ PE Daily: Private Equity Doubles Down on U.S. Solar Despite Headwinds