- Published: 18 April 2023 18 April 2023
The American Clean Power Association (ACP) has detailed over $150 billion in capital investment announced for utility-scale clean energy projects and manufacturing facilities since federal incentives were signed into law last August.
This is equivalent to five years’ worth of American clean energy investment, surpassing total investment into U.S. clean power projects commissioned between 2017 and 2021. American manufacturing plants comprise a significant portion of the announced investment. Since August, 46 new or expanded grid-scale clean energy manufacturing facilities have been publicly announced in the U.S., bringing with them an expected 18,000 new American jobs. Of the 46 facilities, 8 are wind manufacturing facilities and 2 are offshore wind manufacturing facilities. But the report warns that the once-in-a-generation opportunity to significantly build out clean energy resources must be accompanied by expediting and streamlining the permitting process. Failure to do so will put 100 GW of clean energy at risk of significant delay, along with 150,000 jobs.