The coalition, which is organized by Acadia, is seeking to invest $9 billion to build 5 gigawatts worth of renewable power.

In recent years, the U.S. renewable energy sector has been hit by unforeseen dramatic economic and supply chain developments affecting projects and their public-private partnerships with public offtakers like the New York State Energy Research and Development Authority.

The investor group, with support from Microsoft and other companies, hopes to build out 5 gigawatts of renewable power capacity in the next five years.

US-based investor Acadia Infrastructure Capital, alongside companies such as Microsoft, is spearheading a $9bn initiative to develop renewable energy projects across the US, as reported by Reuters. The Climate and Communities Investment Coalition (CCIC),