Analysis of the Week: 50 GW of utility-scale solar and wind capacity to come online in the US in 2024, with an additional 160 GW anticipated by 2026

updated on 01 April 2024

Enerdatics' analysis of renewable energy projects in the US highlights that Texas is expected to lead the capacity addition, having already approved interconnection requests for >80% of the expected buildout. Here are the key insights from the analysis:

ERCOT: The market's 'Connect and Manage' approach is expediting grid integration by prioritizing localized upgrades over comprehensive network overhauls.

PJM: The recently adopted 'first-ready, first served' approach aims to reduce speculative projects and queue withdrawals, expediting interconnection approvals.

MISO: The cluster study model followed in the market, alongside recent simplifications in the application process, will be the key drivers of capacity buildout.

CAISO: The market operator recently requested permission from FERC to halt the grid connection process for 2024, aiming to prioritize the completion of existing requests before accepting new ones.

NYSIO: Amid the recent market challenges in the US offshore wind sector, several developers have paused or delayed their projects, hoping to secure more favorable PPA prices in forthcoming auctions. These projects are expected to come online post-2028.

The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation. 

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