The US clear vitality business put in 9.6 GW of utility-scale photo voltaic, wind and battery storage within the fourth quarter of 2022, the bottom fourth quarter consequence since 2019, the American Clear Energy Affiliation (ACP) mentioned on Thursday.
Full-year clear vitality installations had been 25.1 GW, down 16% from a file stage in 2021 and down 12% from 2020.
The affiliation mentioned the slowdown was as a result of a mixture of coverage and market challenges, together with provide chain points, delays to grid connections, unclear commerce restrictions, allowing obstacles and uncertainty over the implementation of the Inflation Discount Act (IRA). ACP chief government Jason Grumet known as for addressing outdated rules and cumbersome allowing processes that are holding again all vitality applied sciences.
Photo voltaic added 4.7 GW within the fourth quarter and 12.6 GW within the full 12 months, a slight fall from 2021.
Wind had a robust quarter with 4 GW of installations, however the annual additions of 8.5 GW marked a 37% drop in comparison with the earlier 12 months.
Battery storage set a file with 4 GW put in in 2022 and now make up 12% of the event pipeline.
By way of places, Texas put in probably the most clear energy final 12 months — 9.2 GW. It’s adopted by California with 4.7 GW and Oklahoma with 1.5 GW.
Curiosity in energy buy agreements (PPA) stays robust, with 7.5 GW of contracts introduced within the fourth quarter and 28.9 GW within the full 12 months, which is near the file 29.9 GW seen in 2021.
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