Renewable energy development faces a challenging market in 2023, navigating high competition for project development, ISO queue process and new capacity expected to join the grid. The Inflation Reduction Act incentives are a net positive for new queue entrants and pre-construction projects, driven by PTC and ITC credits.
The queue outlook depends on multiple factors, and ISO activity will remain relevant to developers, IPPs and investors leading energy evolution. Access the queue outlook to learn more.
According to Enverus analysis:
The largest growth in the queue is led by MISO, while PJM took the largest dip.
Battery storage projects continue to gain momentum, particularly in ERCOT and PJM.
Queue times range from as low as two years to highs of 11 years before beginning operations.
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