Here, we detail 2022’s top states for renewable energy projects like battery storage, hydropower, waste-to-energy plants, and solar and wind farms. We even offer GEM project reports for some of the top five states’ most notable projects.
Embracing renewable energy sources and moving away from fossil fuels are and will continue to be crucial to limiting the dangerous effects of climate change. Sources of renewable energy like battery storage, hydropower, waste-to-energy plants, and solar and wind farms are not only highly efficient, but they are also massively cost-effective. Renewables are already cheaper than fossil fuels, and their prices seem only to fall.
In addition to mining, oil, and gas, BCI’s Global Energy & Mining product (GEM) tracks wind and solar farm projects. In order to forecast some of the hottest markets for renewable energy projects in 2022 and beyond, we dug through GEM to see which U.S. states are busy planning and developing renewable energy projects.
Using GEM, we filtered our project search for U.S.-based renewable energy projects either in the concept, design and documentation, pre-construction, or construction stages with updates at or after 11/1/21. These states are listed in order according to the total dollar value of battery storage, hydropower, waste-to-energy, solar power, and wind power projects that are in one of the aforementioned planning or construction stages, per GEM as of 11/17/21.
What are the top states for renewable energy projects in 2022?
- New York
- Rhode Island
Virginia has $10,705 million in planned or under-construction renewable energy projects.
Massachusetts has $5,705 million’s worth of renewable energy projects planned or underway.
New York has $5,001.8 million committed to planned or commenced renewable energy projects.
$2,305 million in renewable energy projects are currently being planned or constructed in Texas.
Ohio is home to $1,744 million in planned or commenced renewable energy projects.
Revolution Wind Project accounts for all of Rhode Island’s $1,600 million currently committed to renewable energy projects in planning or under construction.
Iowa has $1,150 million in renewable energy projects either planned or already underway.
Kentucky: $957 million
Kentucky can boast $957 million in planned or underway renewable energy projects.
$722 million have been put into planned and under-construction renewable energy projects in Indiana.
Maine is home to $700 million in planned and underway renewable energy projects.
Renewables are here to stay, especially as governments lean toward adopting renewables because moving way from fossil fuels actually brings significant savings. These states and others have committed lots of money toward developing and maintaining technologies that aid in harnessing renewable energy. That trend can be expected to continue: more cities, states, and countries will likely further embrace renewable energy sources because, beyond being increasingly popular and beneficial in slowing climate change, it quite literally pays to do so.
Was this blog helpful?
Subscribe to the BuildCentral Newsletter to receive promos, feature updates, early project insights, growth tips and more. Published twice a month, we help you stay current on industry news, sales & marketing best practices and insights into top new projects and key players.
Request a free trial today to learn more about BCI|BuildCentral’s products, and to start tracking everything from warehouse and industrial projects to retail, hotel, medical, CRE, multi-family, and mixed-use developments.