US Clean Power Hobbled by Policy and Supply Chain Hurdles
- Clean power installations down 18% so far this year from 2021
- IRA should reverse the slowdown, says American Clean Power
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Construction of solar and wind farms needed to purge planet-warming fossil fuels from the grid slowed sharply this year as trade issues, tax uncertainty and supply-chain disruptions stifled development.
About 14 gigawatts of clean-power installations have been built so far this year, down 18% from the same period in 2021, according to a report from industry group American Clean Power on Wednesday. The third quarter was even worse with wind installations dropping 78% and solar falling 23% compared with a year earlier.