Full Title: Clean Energy Investing in America
Author(s): American Clean Power Association
Publisher(s): American Clean Power
Publication Date: August 13, 2023
Full Text: Download Resource
Since federal clean energy incentives were passed last year, signs of rapid growth for maturing American clean energy industries are emerging. U.S. wind manufacturing plants that closed in recent years are bringing back workers. Plans for an unprecedented amount of new solar, battery, and offshore wind plants are being drawn and developed. The U.S. is in a position to secure our energy independence and become a global leader in the buildout of clean energy.
The new incentives offer companies significant opportunity to invest in new utility-scale wind, solar, and storage projects and manufacturing facilities, while passing on savings to American consumers.
Should currently announced manufacturing facilities reach operation, ACP estimates a nearly ninefold increase in solar module production and a more than fifteenfold increase in grid-scale battery storage, along with significant increases in production output for solar cells, polysilicon, ingots and wafers, blades, towers, and nacelles.
If completed, these investments and projects will strengthen our energy independence, improve air quality, and support one million American clean energy jobs.