The installation of wind and solar power projects is slowing down in the United States, with some projects being canceled over persistent cost issues and community animosity.
New utility-scale solar installations are estimated to have fallen by 40 percent in 2022 compared to the previous year, according to a report from research firm Wood Mackenzie. Utility-scale solar deployments in the third quarter of 2022 were 36 percent lower when compared to Q3, 2021, and 9 percent lower compared to Q2, 2022.
“The low installation figures are the result of previous project delays and continued supply chain constraints,” the report said.
During the third quarter, new wind installations are calculated to have crashed by 77.5 percent compared to the same period a year ago based on another report by S&P Global Market Intelligence. Between July and September, U.S. developers only added 501 MW of new wind power capacity, down 22 percent from Q3, 2021….