California added record clean energy — can it keep it up?
1 min read
Summary
California added 25,000 MW of renewable energy and energy storage since 2020, equivalent to a day’s worth of electricity demand, according to Governor Gavin Newsom’s office and the state’s public utilities commission.
Approximately 7,000 MW was added last year, exceeding the previous record of 5,542 MW set in 2022.
More than 20,000 MW of green energy projects are under contract and expected to be completed by 2030, with current projections indicating 75,000 MW of new capacity by 2040.
However, the state is bracing for potential regulatory challenges after the Trump administration attempted to make it more difficult to build new green energy infrastructure in the US and tried to claw back the Inflation Reduction Act funding.
Republicans in the House of Representatives have also proposed slashing Biden-era tax credits for renewable energy projects, which could impact investment if passed.