Rystad Energy: construction of utility-scale projects may face slowdown

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New utility-scale renewables capacity is set to break records in 2022, hitting an all-time high of 220 gigawatts (GW) globally with investments surpassing $300 billion for solar and wind combined, Rystad Energy research indicates. However, a slowdown of capacity additions could be around the corner as construction start-ups of large-scale projects are expected to stall.

Utility-scale renewable capacity additions are expected to increase by 38 GW in 2022 compared with last year, boosted by the array of government targets and policies announced in the wake of the COP26 climate summit in November. Annual investments in solar and wind additions will rise to more than $300 billion, up 20% compared to last year’s total of $240 billion. The annual growth is primarily driven by... ... More: Official Press Release Rystad Energy

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