Top 10 Solar Developers in US | Enverus
Top 10 Solar Developers in US Enverus
sdgtalks
Increase in Adoption of Solar Photovoltaic Technology in the United States
In the United States, the adoption of solar photovoltaic (PV) technology continues to rise, following recent market investment from the Inflation Reduction Act. The U.S. Energy Information Administration reveals that in 2022, approximately 10.9 GW (gigawatts) of new solar PV capacity became operational, a 19% decline from 2021, largely attributed to supply chain challenges.
Projected Growth in Solar PV Capacity Deployment
According to Enverus Foundations
| Power & Renewables Project Tracking Analytics, this trend of capacity deployment is projected to continue its upward trajectory. This growth is propelled by the comparatively lower cost of generating electricity from solar PV when compared to other alternative energy sources, and by companies diversifying their energy portfolios across different sources. It is worth noting that the forces of energy evolution will play a significant role in influencing future growth.
Investment Opportunities in Solar PV
As the overall production from solar PV continues to expand, so does the potential for investment opportunities. Below, you’ll find a list of the top 10 U.S. solar developers ranked by total capacity (in megawatts) they pushed into operational status in 2022 as of October 2023, available through the Enverus Foundations | Power & Renewables:
- Nextera Energy Resources
- Power brought online: 923 MW
- Projects: 18
- Cypress Creek Renewables
- Power brought online: 769 MWs
- Projects: 17
- Recurrent Energy
- Power brought online: 490 MW
- Projects: 2
- AP Solar Holdings LLC
- Power brought online: 477 MW
- Projects: 1
- Savion
- Power brought online: 460 MW
- Projects: 3
- Lightsource BP
- Power brought online: MW
- Projects: 2
- Florida Power & Light Company
- Power brought online: 447 MW
- Projects: 6
- Silicon Ranch Corporation
- Power brought online: 383 MW
- Projects: 8
- EDF Renewable Energy
- Power brought online: 330 MW
- Projects: 7
- National Grid Renewables
- Power brought online: 324 MW
- Projects: 2
Queued Projects and Future Growth
Out of the projects these top 10 developers brought into operations, the majority of the MWs were in ERCOT. MISO, PJM, and CAISO were the next markets that these developers focused on. Looking ahead, the queued projects for these developers also show a similar trend, with ERCOT hosting the majority of the MWs. MISO, PJM, and NYISO follow ERCOT as the next three major markets for the permitted projects.
Expected Timeline for Project Completion
As we look into when these projects are expected to come online, the majority of the projects have a first power date (COD) in 2024 and 2025. There is already a substantial amount of MWs under construction to become operational in 2024 and 2025. It will be interesting to see how much more capacity these developers can bring online in the next 2 years as the queue backlogs are becoming a real problem.
Sustainable Development Goals (SDGs)
The adoption and growth of solar photovoltaic technology align with several Sustainable Development Goals (SDGs), including:
- SDG 7: Affordable and Clean Energy
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 11: Sustainable Cities and Communities
- SDG 13: Climate Action
By investing in solar PV and increasing its capacity, the United States is making significant progress towards achieving these SDGs and transitioning to a more sustainable and clean energy future.
SDGs, Targets, and Indicators Analysis
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 7: Affordable and Clean Energy
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 11: Sustainable Cities and Communities
- SDG 13: Climate Action
The article discusses the adoption and growth of solar photovoltaic (PV) technology in the United States, which directly relates to SDG 7, as it focuses on affordable and clean energy. The article also mentions the forces of energy evolution, which are connected to SDG 9, as they involve industry and innovation in the renewable energy sector. Additionally, the article highlights the expansion of solar PV projects in different markets, indicating progress towards sustainable cities and communities (SDG 11). Finally, the article indirectly addresses climate action (SDG 13) by promoting the use of renewable energy sources to reduce greenhouse gas emissions.
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 7.2: Increase substantially the share of renewable energy in the global energy mix.
- SDG 9.4: Upgrade infrastructure and retrofit industries to make them sustainable.
- SDG 11.6: Reduce the adverse per capita environmental impact of cities.
- SDG 13.2: Integrate climate change measures into national policies, strategies, and planning.
Based on the article’s content, the specific targets identified include increasing the share of renewable energy in the global energy mix (SDG 7.2), upgrading infrastructure and retrofitting industries to make them sustainable (SDG 9.4), reducing the adverse environmental impact of cities (SDG 11.6), and integrating climate change measures into national policies and planning (SDG 13.2).
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Installed solar PV capacity (in GW)
- Percentage of renewable energy in the energy mix
- Number of solar PV projects in operation
- Amount of solar power brought online (in MW)
The article mentions the installed solar PV capacity, which can be used as an indicator to measure progress towards the target of increasing the share of renewable energy in the energy mix (SDG 7.2). The number of solar PV projects in operation and the amount of solar power brought online can also serve as indicators to track the growth of renewable energy infrastructure and its contribution to the energy mix. Additionally, the article implies the need to monitor the percentage of renewable energy in the energy mix to assess progress towards SDG 7.2.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 7: Affordable and Clean Energy | 7.2: Increase substantially the share of renewable energy in the global energy mix. | Installed solar PV capacity (in GW) |
| SDG 9: Industry, Innovation, and Infrastructure | 9.4: Upgrade infrastructure and retrofit industries to make them sustainable. | Number of solar PV projects in operation |
| 9.4: Upgrade infrastructure and retrofit industries to make them sustainable. | Amount of solar power brought online (in MW) | |
| SDG 11: Sustainable Cities and Communities | 11.6: Reduce the adverse per capita environmental impact of cities. | Number of solar PV projects in operation |
| SDG 13: Climate Action | 13.2: Integrate climate change measures into national policies, strategies, and planning. | Percentage of renewable energy in the energy mix |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: enverus.com
Join us, as fellow seekers of change, on a transformative journey at https://sdgtalks.ai/welcome, where you can become a member and actively contribute to shaping a brighter future.
