Jared Kushner bet big on solar. A second Trump term could cost him.

Source: By Scott Waldman, E&E News • Posted: Monday, May 20, 2024

Kushner’s investment fund has a stake in Mosaic, a clean energy fintech firm that benefits from President Joe Biden’s climate law.

Jared Kushner listens as former President Donald Trump announces he is running for a second term as president at Mar-a-Lago in Palm Beach, Florida, on Nov. 15, 2022.

Jared Kushner listens as former President Donald Trump announces he is running for a second term as president at Mar-a-Lago in Palm Beach, Florida, on Nov. 15, 2022. Andrew Harnik/AP

Donald Trump and his allies have pledged to target the Inflation Reduction Act if the former president wins the White House.

But that could be a money-losing decision for Trump’s son-in-law and former White House adviser Jared Kushner, whose investment fund has poured millions into American solar projects.

Kushner’s gamble contrasts with Trump’s opposition to renewable energy. The former president and presumptive Republican presidential nominee has railed against wind power for years, falsely claiming that “windmills” cause cancer and make whales “crazy.” He has also said American-made electric vehicles could unleash a “bloodbath” on the auto industry.

And while Trump has mostly sidestepped attacking solar energy directly, he has been clear about his plans for the climate law behind a recent clean energy boom: dismantle it.