While the clean energy industry celebrated the August passage of the Inflation Reduction Act (IRA), the largest clean energy investment in U.S. history, policy challenges continued to limit clean power growth in the third quarter, according to a new report released by the American Clean Power Association (ACP).
From July to September of 2022, 3.4 GW of new utility-scale clean power capacity were installed, bringing 2022 year-to-date installations to 14.2 GW, according to the Clean Power Quarterly Market Report. Installations were down 22% compared to the third quarter of 2021, and down 18% year-to-date. Quarterly wind installations fell 78%, while solar installations dropped 23%. Only battery storage, which commissioned 1.2 GW this quarter, increased installations compared to the third quarter of 2021. Storage is having its…