ACP: Q2 2023 sees second-highest clean energy installations in second quarter
A new report from American Clean Power (ACP) has found that the clean energy industry saw near record installations in solar, wind and storage capacity in the second quarter of 2023.
Clean Power Quarterly Market Report Q2 2023 found that the industry installed 5,218 megawatts of utility scale clean energy – enough clean generation to power nearly 1 million American homes. The figure makes Q2 2023 the second-highest second quarter for clean power installations, the report said. Additionally, the report found a 13 percent increase in clean power projects under construction or in advanced development stages compared to the same time last year.
“Clean power installations returned to growth, with the clean energy industry logging its second-best second quarter as America forges ahead toward a clean power future,” said John Hensley, VP of Research and Analytics. “Despite persistent headwinds from regulatory, trade, and supply chain pressures, clean power project additions rebounded as developers managed through delays and worked to keep projects on schedule. To help maintain this momentum, especially as the clean power pipeline grows, we continue to urge policy makers to find bipartisan solutions to address the supply chain and federal permitting challenges obstructing America’s full job-creating clean energy potential.”
According to ACP, clean energy developers commissioned 105 clean power projects across 38 states. More than 50 percent of the capacity installed was solar, the report said, and storage accounted for nearly 30 percent. Battery storage installations, ACP said, experienced 32 percent growth.
ACP said it is still too early to determine how 2022’s federal incentives have played out in regard to clean power installations, but their influence can be seen in the new-build pipeline of 145,592 MW of clean power potential in projects both under construction and in advanced development stages. Projects in the solar pipeline have increased by 16 percent, ACP said, while wind power pipeline projects increased by 8 percent quarter-over-quarter.
