2022 Marks Third-Highest Year for U.S. Clean Power Installations
Visit the interactive website for data highlights from the report.
The clean power industry commissioned over 25.5 GW of new clean power in 2022—a decline of 15% compared to the record-breaking year of 2021. While short of expectations, the industry did capture the majority of the market clean power projects, representing an impressive nearly 80% of all new capacity.
2022 brought the challenges and growth potential facing the clean power industry into stark relief. President Biden signed the Inflation Reduction Act (IRA) into law on August 16. This unprecedented national commitment to clean power is the largest policy investment in clean energy on record. The IRA is set to catalyze clean energy growth, ultimately more than tripling annual installations of wind, solar, and battery storage by the end of the decade.
However, despite the positive prospects, the clean power industry faced a string of obstacles in 2022. Supply chain constraints, lengthy delays connecting projects to the grid, unclear trade restrictions, longstanding permitting obstacles, and uncertainty over IRA implementation hindered project development and investment activity.
ACP’s Clean Power Annual Market Report 2022 is a nearly 200-page comprehensive overview of key industry statistics, trends, and rankings from 2022.
Read the Report
Webinar: Clean Power Market Reports (June 13)
Join ACP experts at a live webinar to dive deeper into comprehensive research on U.S. clean energy markets, deployments, policies, regulations, and financing found in both Clean Power Quarterly Market Report Q1 2023 and the Clean Power Annual Market Report 2022.
This members-only webinar helps you dissect exclusive market data found in the reports and breaks down what these trends mean for your business moving forward. It will take place on June 13, 2023. Stay tuned for more details.