Clean Energy Deployment Slowed Substantially in Q2 as Policy Inaction and Economic Uncertainty Imperils Energy Transition
During the second quarter, the industry saw a 55% decline in project installations from the same period in 2021, with 3,188 MW of utility-scale clean power capacity installed. This makes the second quarter the lowest quarter for clean energy capacity additions since the third quarter of 2019. Energy storage was the only technology to experience growth, with a 13% increase in installations. Solar installations were down 53% compared to the same quarter in 2021. Concerningly, onshore wind installations were 78% lower when compared to the same time period last year.
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Our Clean Power Quarterly provides a snapshot view of the latest U.S. utility wind, solar, and battery storage industry activity and trends. The report includes second quarter installations, projects under construction and in advanced development, new power purchase agreements, OEM market share, project acquisition activity, offshore wind energy activity, and much, much more.
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