clean power quarterly 2021 q3

Clean Power Quarterly 2021 Q3

2021 Q3 Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3Clean Power Capacity Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5Clean Power Procurement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15Mergers and Acquisitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22Offshore Wind Activity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24Land-based Wind Activity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28Utility-scale Solar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35Utility-scale Battery Storage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40Hybrid Projects . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43Appendices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47

American Clean Power | Clean Power Quarterly 2021 Q3 2

Table of Contents

3

2021 Q3 Highlights

Clean Power Project Installations • In the third quarter of 2021 the U.S. clean energy

industry installed 3,336 MW of clean powercapacity. Additions in the first three quarters ofthe year total 15,317 MW, surpassing 2020 as themost active first three quarters for installationsby nearly 3,000 MW.

• Project owners commissioned 49 new projectsacross 20 states in the third quarter. Texas onceagain led with 1,679 MW installed, followedby California (389 MW), Wyoming (301 MW),Oklahoma (301 MW), and Alabama (227 MW).

• 1,565 MW of solar capacity was added thisquarter, as well as 1,551 MW of land-basedwind, and 220 MW of storage capacity.

• There is now 186,674 MW of operating cleanpower capacity in the United States.

Clean Power Capacity Under Construction and in Advanced Development

• At the end of the third quarter the near-termdevelopment pipeline was comprised of 904projects totaling 109,596 MW of capacity,including 38,122 MW under construction and71,474 MW in advanced development. This is28% higher than the first quarter of 2021 and7% higher than the second quarter.

• Clean power projects totaling 4,882 MW startedconstruction and 9,993 MW entered advanceddevelopment in the third quarter.

• Solar represents the largest share of capacity inthe clean power pipeline, accounting for 54%,followed by land-based wind (23%), offshorewind (13%), and battery storage (9%).

• Texas is the top state representing 17% ofthe total development pipeline, followed byoffshore wind projects in Federal Waters (13%),California (11%), Indiana (5%), New Mexico(4%), and New York (3%).

Clean Power Procurement Activity • Power purchasers and project developers

reported 9,054 MW of new Power Purchase Agreements (PPAs) in the third quarter, bringing the 2021 year to date total to 17,442 MW. This is 16% higher than the total capacity of PPAs announced through the third quarter of 2020.

• Corporate customers have announced over 37,000 MW of clean power PPAs in total after signing up another 1,761 MW of clean power PPAs in the third quarter of 2021.

• Through 2021, PPA’s account for 8,700 MW of online clean energy capacity, followed by direct utility ownership with 2,690 MW, green tariff offtake with 765 MW, and merchant offtake with 446 MW.

• 70% of PPA offtake capacity announced thus far in 2021 has been for solar energy, 18% from wind, and 13% from storage.

2021 Q3 Highlights


5

Clean Power Capacity Growth

186,674

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

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s (M

W)

Wind Utility Solar Battery Storage Cumulative Clean Power Capacity

CLEAN POWER CAPACITY GROWTH

Record installs in three quarters of the yearThird quarter installations• The industry commissioned 3,336 MW of new clean power capacity in the third

quarter of 2021, brining the total capacity installed in 2021 up to 15,317 MW. 47% of new additions in the third quarter were solar, 46% were wind, and 7% were storage.

• Clean power additions were up 23% in the first three quarters of 2021 compared to the same time period in 2020.

• Additions of clean power for the first three quarters of 2021 totaled 15,317 MW, a record for clean power installations through the first three quarters of the year.

Clean Power surpasses 185 GW• There is now nearly 186,700 MW of operating clean power capacity in the U.S.• Cumulative wind capacity increased by 1.2% over the quarter to 129,256 MW and

represents the largest share of clean power capacity on the grid. Utility solar capacity makes up the second largest share of cumulative capacity with 54,209 MW, followed by battery storage with 3,167 MW.

U.S. Annual and Cumulative Renewable Energy Capacity Growth



Grid adds 3,336 MW of clean power• In the third quarter developers commissioned 49 new projects, totaling 3,336 MW

across 20 states. • The state with the highest capacity installations this quarters was Texas with 1,679

MW installed, followed by California (389 MW), Wyoming (301 MW), Oklahoma (287 MW), and Alabama (227 MW).

• As of the end of September, there is 186,674 MW of operating clean power capacity in the United States.

Third Quarter Clean Power Capacity Installations

WA1

MT ND MN5

WI102

MI1

NY135

MA20

RI

OR NV CO NE MO KY WV MD DE

CA389

AZ25

UT KS AR TN VA33

NC79

DC

NM OK287

LA MS AL227

SC3

TX1,679

GA20

VT NH

ME

FL

AK

ID WY301

SD IA IL8

IN16

OH PA15

NJ2

CT

HI

■ 1 to 100 MW■ >100 MW to 250 MW■ >250 MW to 500 MW■ >500 MW

PR

U.S. FEDERAL WATERS



Renewable quarterly capacity growth

[Chart: Quarterly Breakdown]

2021 additions outpacing 2020• Battery energy storage continued to experience significant growth, adding 220 MW of

newly installed capacity in the third quarter. Year-to-date storage capacity additionsnow total 1,283 MW, surpassing total storage installations in all of 2020 (791 MW).

• Utility solar experienced the most significant growth in the thrid quarter with 1,565 MWof new capacity installed. So far this year, solar additions total 6,774 MW.

• Wind additions this quarter were just slighlty lower than utility solar installations, total-ling 7,260 MW of year-to-date installations.

• Cumulative clean power capacity grew 2% in the third quarter compared to the secondquarter.

Top owners of Q2 installations• Two companies added more than 300 MW of new capacity to their portfolios in the

third quarter - Ørsted and Duke Energy.• Ørsted brought over 360 MW of clean power online during the third quarter with its

Western Trail wind project in Texas.• Duke Energy brought seven projects online during the quarter, including six solar

projects and one wind project across California and Texas for a total additional ca-pacity of over 335 MW.

Renewable Quarterly Capacity Growth


ACP has revised historical solar capacity addition amounts to reflect new information.

• Over 15 GW of clean energy installed in the first nine months of 2021. • Notably, Oklahoma now has over 10 GW of operating capacity and Wisconsin has reached 1 GW of operational capacity.• In total, there are now 186,674 MW of clean power capacity operating in the U.S, enough to power over 52 million homes across the country.


Operational clean power capacity

Operational Clean Power Capacity, by State

WA3,423

MT1,137

ND4,288

MN5,616

WI1,064

MI3,426

NY2,738

MA1,189

RI205

OR4,473

NV3,704

CO5,399

NE2,688

MO2,211

KY26

WV808

MD672

DE39

CA21,810

AZ3,407

UT1,766

KS7,359

AR224

TN214

VA1,632

NC5,496

DC16

NM3,584

OK10,236

LA72

MS218

AL425

SC1,090

TX42,702

GA2,325

VT282

NH214

ME1,193

FL4,540

AK109

ID1,215

WY3,271

SD2,923

IA11,974

IL6,617

IN3,614

OH1,407

PA1,709

NJ1,034

CT167

HI584

U.S. FEDERAL WATERS

12

PR125

■ 1 to 500MW■ >500MW to 1,000MW■ >1,000MW to 2,500MW■ >2,500MW to 5,000MW■ >5,000MW to 10,000MW■ >10,000MW


• At the end of the third quarter, there was 38,122 MW of clean power capacity under construction.

• Total construction activity spans 324 project phases in 41 states.• In the third quarter, project developers started construction on 4,882 MW across 18

states.• Of the 4,882 MW that began construction in the third quarter, wind accounts for 58%,

followed by solar with 34%, and storage with the remaining 8%.

• Texas saw the largest uptick in projects entering the construction phase in the third quarter, where projects totaling 1,649 MW started construction. Kasas had 853 MW start construction, followed by New Mexico (784 MW), Iowa (444 MW), and Colorado (276 MW).

• On a regional basis, Texas led with 32% of total construction activity based on capacity, followed by Mountain West with 22%, and the Midwest with 12%.


Project construction pipeline

Clean Power Capacity Under Construction, by State

WA 750

MT ND MN 352

WI554

MI 416

NY 355

MA 76

RI

OR 91

NV 2,200

CO656

NE 919

MO 299

KY WV 115

MD 11

DE

CA 2,687

AZ 10

UT 555

KS1,281

AR 295

TN 150

VA479

NC 353

DC

NM2,134

OK 1,759

LA 70

MS AL

SC32

TX 12,358

GA717

VT2

NH1

ME 209

FL663

AK 47

ID WY3,000

SD 462

IA972

IL 1,641

IN 510

OH 600

PA 120

NJ CT70

HI 150

U.S. FEDERAL WATERS

■ 1 to 250MW■ >250MW to 500MW■ >500 MW to 1,000MW■ >1,000 MW to 2,000MW■ >2,000MW


• Project developers reported 71,474 MW of clean power capacity in advanced development at the end of September.

• 9,993 MW of clean power projects entered the advanced development phase in the third quarter.

• In the third quarter of 2021, solar projects represented 59% of capacity that entered the advanced development stage. Land-based wind accounted for 23%, followed by storage (18%).

• Total advanced development activity spans 580 project phases across 48 states and 16 offshore wind projects in federal waters.

• California (2,538 MW) led new announcements for the quarter, followed by Texas with 1,925 MW and Indiana with 1,165 MW.


Advanced development activity

Clean Power Capacity in Advanced Development, by State

WA25

MT 1,290

ND MN 781

WI748

MI 1,011

NY 3,218

MA10

RI88

OR608

NV 1,286

CO 2,509

NE200

MO72

KY 974

WV 125

MD69

DE100

CA9,070

AZ 2,394

UT 390

KS 392

AR555

TN626

VA1,301

NC 2,942

DC

NM 2,148

OK 450

LA400

MS 775

AL 900

SC443

TX 6,732

GA 992

VT41

NH60

ME247

FL 1,778

AK100

ID120

WY63

SD228

IA80

IL1,484

IN5,248

OH 2,148

PA 546

NJ CT 288

HI 931

U.S. FEDERAL WATERS

14,215

■ 1 to 250MW■ >250MW to 500MW■ >500 MW to 1,000MW■ >1,000 MW to 2,000MW■ >2,000 MW

ACP is not able to confim the location of 2 projects representing 275 MW.


• The 109,321 MW of combined construction and advanced development activity is spread across 920 projects in 49 states, plus 16 projects in Federal Waters. • Texas hosts more activity than any other state, representing 17% of the total development pipeline. Federal Waters comes in second (13%), followed by California (11%), Indiana (5%),

and New Mexico (4%). • A total of 11 states have more than 3,000 MW of clean power capacity in the pipeline.• The capacity of clean power projects in the pipeline as of September 2021 (nearly 109 GW), is 8% higher than the end of the second quarter (102 GW), and 28% higher than at the

end of the first quarter (85 GW).


Clean power project pipeline

Top States of Projects Under Construction and in Advanced Development

6,732

14,215

9,070

5,248

2,148

3,218

1,286

2,942

2,509

1,484

63

2,148

2,394

1,778

450

12,358

2,687

510

2,134

355

2,200

353

656

1,641

3,000

600

10

663

1,759

0 5,000 10,000 15,000 20,000 25,000

TX

US-FW

CA

IN

NM

NY

NV

NC

CO

IL

WY

OH

AZ

FL

OK

Clean Power Capacity (MW)

Advanced Development Under ConstructionAmerican Clean Power | Clean Power Quarterly 2021 Q3 12


Clean power project pipelineWind• The wind industry currently has 39,838 MW of

total development activity, representing 36% of the pipeline.

• Total offshore wind capacity in development accounts for 36% (14,227 MW) of the total wind project pipeline.

• Texas has the most land-based wind in the near-term pipeline, representing 23% of the project pipeline, followed by Wyoming (12%), and Oklahoma (7%).

• Texas experienced the largest uptick in development activity with 1,320 MW entering advanced development.

• Kansas had the largest increase in projects starting construction in the third quarter of 2021 (853 MW).

Solar

• Solar accounts for the largest share of development activity with 59,591 MW, representing 54% of the total pipeline.

• Solar capacity in the pipeline has increased by 9% since the second quarter, and 34% since the first quarter of the year.

• There are 447 solar projects in advanced development in 46 states.

• Texas once again hosts more activity than any other state with 20% of the total solar pipeline, followed by California with 13%, Indiana with 8%, and North Carolina with 6%.

Storage• There is currently 10,167 MW of battery storage

capacity in the project pipeline, including 3,597 MW under construction and 6,570 MW in advanced development, representing 9% of total development activity.

• Total storage capacity in the pipeline has increased by 13% since the second quarter.

• Storage pipeline activity is spread across 146 project phases in 19 states.

• California leads with more battery storage activity than any other state, representing 39% of combined storage pipeline activity. Texas comes in second with 15%, followed by Arizona (11%), and Nevada(10%).

186,674

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Online Pipeline

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Wind Offshore Wind Utility Solar Battery Storage

Clean Power Capacity Online and in the Pipeline


CLEAN POWER PROCUREMENT

M&A activity is up year-to-year• The third quarter was slower for project acquisitions compared to the first half of the year with four companies acquiring a combined 667 MW in operating clean energy capacity.

Acquisitions for the first nine months of the year total 4,892 MW, representing a 30% increase over the same period in 2020.• Greencoat Capital led project acquisitions in the quarter after acquiring an 80% stake in two operating wind farms in Illinois with a combined capacity of 305 MW from EDP

Renewables.• At the end of the third quarter, Recurrent Energy finalized its sale of the 222 RE Maplewood Solar 2 project in Texas to an undisclosed buyer.• TransAlta Renewables closed a deal with Copenhagen Infrastructure Partners to acquire a 122 MW solar portfolio in North Carolina. The portfolio consists of 20 operational solar

projects, ranging between 3.2 MW and 6.7 MW.• Altus Power finalized its acquisition of a 79 MW operating solar portfolio from True Green Capacity Management. The solar projects are in Connecticut, Massachusetts, New Jersey,

New York, Rohde Island, Tennessee, and Vermont.

2021 Renewable Operation Project Acquisitions

244

222

122

79

0 50 100 150 200 250 300

Greencoat Capital

Undisclosed

TransAlta Renewables

Atlus Power

Power Capacity Acquired (MW)


LAND-BASED WIND ACTIVITY

Over 1.5 GW of land-based wind online in Q3• The wind industry installed 1,551 MW of new capacity. Total wind capacity installed in

2021 through September is now 7,248 MW. • The volume of wind projects that came online in the third quarter is lower than

pervious quarters this year, and lower than third quarter installations in recent years. This is due to projects originally planned to be online in the third quarter being pushed to a later date. Some developers cited supply chain issues as the reason for this delay.

• Invenergy’s nearly 290 MW Maverick Wind was the largest project to start commercial operation in the third quarter.

• Year-to-date the industry added 37 projects across 18 states totaling 7,248 MW, an increase of 15% compared to the first three quarters of 2020.

• The average size of wind projects installed in the third quarter was 129 MW.

U.S. Annual and Cumulative Wind Power Capacity Growth

129,256

-

13,500

27,000

40,500

54,000

67,500

81,000

94,500

108,000

121,500

135,000

-

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2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

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ind

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apac

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Annual Gross Capacity Additions Cumulative Capacity


UTILITY-SCALE SOLAR

Solar capacity tops 54 GW• The clean energy industry installed 1,565 MW solar capacity in the third quarter,

bringing total solar capacity additions for the first three quarters of the year to 6,774 MW.

• Solar capacity additions are up by 18% compared to the first nine months of 2020, when the industry installed 5,732 MW.

• Forty-six states and D.C. have operational utility solar power capacity. California leads the solar industry with over 14 GW of installed capacity, almost double second placed Texas.

• Nearly 26% of installed utility solar power is in California, followed by Texas (14%), North Carolina (10%), Florida (8%), and Nevada (6%).

U.S. Annual and Cumulative Utility Solar Power Capacity Growth

ACP reports solar capacity in MWac

54,209

-

5,000

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60,000

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2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

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olar

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W)

Annual Gross Capacity Installations Cumulative Capacity

ACP has revised historical solar capacity addition amounts to reflect new information


7,542

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Storage energy capacity (MWh) Cumulative Storage energy capacity (MWh)

3,167

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Capacity (MW) Cumulative Capacity (MW)


UTILITY-SCALE BATTERY STORAGE

Storage capacity continues to grow• In the third quarter, storage power capacity additions totalled to 220 MW, bringing the bringing year-to-date installations to 1,283 MW. This is 243% higher than at the end of the third

quarter of 2020.• In the third quarter, California installed the most storage capacity (188 MW), followed by Arizone (25 MW), Massachusetts (6 MW), and Washington (1 MW). • There are currently 241 operating battery storage projects across 35 states. California hosts the most battery storage with over 1.8 GW (57%) of installed capacity, followed by Texas

with 405 MW (13%), Illinois (133 MW, 4%), Massachusetts (101 MW, 3%), and Arizona (97 MW, 3%). • Year-to-date the industry added 4,096 MWh in storage energy capacity. This bring total storage energy capacity to 7,542 MWh.

U.S. Annual and Cumulative Utility Battery Storage Capacity Growth

43

Hybrid Projects

HYBRID PROJECTS

2.4 GW of solar + storage added in 2021• In 2021, 2,443 MW of solar-plus-storage capacity has been added to the grid. • Solar-plus-storage projects are the most common operating hybrid projects with 3,574 MW on the grid, 1,931 MW partially online, and 21,185 MW in the pipeline. Wind-plus-storage is

the second largest operating hybrid class with 1,892 MW online.• Hybrid projects are considered partially online if one technology is online, and the other is still under construction or in advanced development. Nearly 3,600 MW of hybrid projects

are partialy online with their total capacity expected to become fully operational in coming months. Of those 54% are solar-plus-storage, 16% are wind-plus-storage, and 30% are wind plus solar-plus-storage.

• Over 22,500 MW of hybrid project capacity is in the pipeline, made up primarily of solar-plus-storage projects.

Hybrid Power Projects

26,022

3,297

1,343 895

0

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10,000

15,000

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25,000

30,000

Solar + Storage Wind + Storage Wind + Solar + Storage Wind + Solar

Capa

city

(MW

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Online Partially Online Pipeline


HYBRID PROJECTS

6 GW of operating hybrid projects• In total, there are over 6 GW of hybrid projects (projects including a combination of wind, solar, and storage) currently operational in the U.S. including over 3.5 GW of solar plus

storage projects, nearly 1.9 GW of wind plus storage, 263 MW of wind plus solar plus storage, and 377 MW of wind plus solar. • In 2021, over 2.4 GW of solar plus storage capacity has been added to the grid. The second quarter saw the most solar plus storage capacity added (over 2.1 GW). In the third quarter,

another 290 MW of operational capacity was added.

Cumulative Operational Hybrid Project Capacity

0

1,000

2,000

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6,000

7,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021YTD

Cap

acity

(MW

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Solar + Storage Wind + Storage Wind + Solar + Storage Wind + Solar


HYBRID PROJECTS

Hyrbids grow across the country• California leads the country in terms of hybrid capacity installed with almost 2 GW of solar-plus-storage currently operating. • Texas comes in second for operational hybrid capacity with almost 700 MW of solar-plus-storage and 1.1 GW of wind-plus-storage installed. • California has the most hybrid capacity in the pipeline or partially online, with over 8.2 GW of solar-plus-storage capacity, followed by Texax, which has over 2 GW of solar-plus-stoage,

1.4 GW of wind-plus-storage, and 518 MW of wind-plus-solar capacity in the pipeline or partially online. • Texas, Oklahoma, and Oregon are the only states with wind hybrid projects in the pipeline or partially online.

Cumulative Operational Hybrid Project Capacity

Online

Partially OnlinePipeline

Wind + Storage

Solar + Wind

Solar + Wind + Storage

Solar + Storage

1,000

667

3341

Capacity (MW)


APPENDICES

Map of Projects Online in 2021

Online in 1Q-3Q 2021Under Construction or Advanced Development

Status

StorageSolarOffshore WindWind

Technology

600 or more

400

2000

Capacity (MW)


American Clean Power is the voice of companies from across the clean power sector that are powering

America’s future, providing cost-effective solutions to the climate crisis while creating jobs, spurring

massive investment in the U.S. economy and driving high-tech innovation across the nation. We are

uniting the power of America’s renewable energy industry to advance our shared goals and to transform

the U.S. power grid to a low-cost, reliable, and renewable power system. Learn more about the benefits

clean power brings to America at www.cleanpower.org.

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