Clean Power Quarterly Market Report Q3 2023
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ACP’s Clean Power Quarterly Market Report | Q3 2023 details key progress made in America’s renewable energy industry, including that the industry brought online 5,551 megawatts (MW) of utility-scale clean power capacity in the third quarter of 2023, enough to power 813,000 American homes. Third quarter installations increased by 13% over the same period in 2022 and set a record for the strongest third quarter on record. Across the country, clean energy developers began commercial operations at 88 projects across 24 states. Although quarterly installation levels surpassed 2022 levels in Q2 and Q3 of this year, power purchase agreement (PPA) announcements remain slower amidst market headwinds. In the third quarter, 3.1 GW of PPAs were announced, a 55% drop from the same period in 2022. Read ACP’s Clean Power Quarterly Market Report | Q3 2023 for the latest information about America’s clean power industry.
Update: this report was updated on November 1 at 11:30am ET to include additional information and refinements on pg. 17.