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S&P: 93 gigawatts of new wind and solar planned in U.S. by 2027

March 31, 2023

S&P Capital IQ ($):

The largest renewable energy developers in the US plan to build 93,476 MW of new renewable energy capacity through 2027.

S&P Global Market Intelligence data show the 10 largest solar energy developers plan to build 54,386 MW of new capacity in the five-year period. The 10 largest wind energy developers plan to build projects totaling 39,090 MW of capacity.

Some of the projects, especially in earlier phases, may not come to fruition. But nearly 10%, or 9,294 MW, of wind and solar energy projects in the pipeline are under construction.

Meanwhile, 10,138 MW of that capacity is in advanced development phases, representing nearly 11% of the 93.5-GW pipeline. Fifty-three percent of the capacity, or 49,656 MW, is in early development phases, and projects totaling 24,388 MW have been announced, or 26% of the pipeline.

[Justin Horwath]

More: Largest wind, solar energy developers plan more than 93 GW in US through 2027

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