American Clean Power’s (ACP) Clean Power Quarterly Market Report Q2 2022 shows the rate of clean energy deployment slowed substantially in the second quarter as policy headwinds, economic factors facing the industry and trade issues have impacted project development and increased the backlog of new project delays.
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.
“We have been warning about the storm of policy and economic headwinds the clean power industry is facing, and this is a step in the wrong direction,” says ACP CEO Heather Zichal. “Congressional inaction…