The industry achieved record-setting installations last year, with solar and storage paving the way to historic levels of clean power.
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The clean power industry added a total of 33.8 gigawatts (GW) of new utility-scale clean energy projects in 2023, surpassing by 12.5% the previous annual installation record set in 2021. Solar and storage additions led the charge, shattering previous records for both technologies. Clean power accounted for most of the new power capacity installed.
The U.S. now has 262 GW of clean energy powering its grid, which is enough electricity to power the equivalent of 69 million American homes. As a result, the nation now generates 16% of its electricity from wind and solar.
The clean power industry remains optimistic for the future, especially as developers started construction on 41 GW of new projects in the final months of 2023. This brings the clean power pipeline to a record 170 GW. Nonetheless, the record-setting pace of annual installations still lags behind what is needed for the country to achieve a net-zero emissions economy by 2050.
ACP’s Clean Power Annual Market Report 2023 is 120+ pages of key industry statistics, trends, and rankings from 2023.
ACP Members can download the full report via the download button above.
