Data Highlights from ACP’s Annual Market Report
2023 Marked Record Year for U.S. Clean Power Installations
Solar and Storage Drive Growth
2023 was a dazzling year for the clean power industry, setting a record for the most clean energy installed in a single year, with 33.8 gigawatts (GW) installed. By the end of the year, wind, solar, and storage provided 262 GW of domestic clean energy. This is more than double the amount of clean power in operation in 2018, and represents nearly 16% of the country’s electricity. Clean power represented 77% of all new electricity capacity added in 2023.
Tremendous growth in solar and storage capacity accounted for most of the gains, with solar developers bringing nearly 20 GW of new projects online and the storage sector increasing by nearly 8 GW. On the other hand, the land-based and offshore wind sectors faced challenges in 2023, delivering just 6.4 GW of wind power capacity.
The clean power industry remains optimistic for the future, especially as developers started construction on 41 GW of new projects in the final months of 2023. This brings the clean power pipeline to a record 170 GW. Nonetheless, the record-setting pace of annual installations still lags behind what is needed for the country to achieve a net-zero emissions economy by 2050. Ìý
To better understand the accomplishments and challenges of the clean power industry in 2023, interact with the topline data from ACP’s new Clean Power Annual Market Report below. For in-depth analysis of the total U.S. clean energy market, download the full 122-page members-only report.