The 5 clean energy stories that defined 2022

 

The 5 clean energy stories that defined 2022


From a transformational legislative victory to a war, persistent supply chain constraints, and trade disputes— 2022 had it all. Unprecedented optimism was matched, or sometimes surpassed, by the urgency of human rights abuses in solar and worsening climate threats.

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Here's a look back at the five biggest stories from the year.

1. Russia's invasion of Ukraine accelerates energy transition

Energy infrastructure damage in Ukraine caused by Russian attacks. (Courtesy: DTEK)

Russia's invasion of Ukraine heightened the importance of energy independence and a transition away from fossil fuels, as the Kremlin's bankroll is directly tied to oil and gas profits.

G7 countries have imposed an oil price cap, while the European Union banned Russian seaborne imports of crude oil and oil products, in an attempt to stunt Russia's revenues, which directly fuel Vladimir Putin's war machine. Germany, meanwhile, plans to invest 28 billion euro ($30 billion) through 2026 to expand its solar and wind power generating capacity and reduce its dependence on fossil fuels imported from Russia.

A direct assault on Ukraine's electric power infrastructure began in October as Russia began a systematic shelling of Ukrainian energy infrastructure. International concerns were elevated as battles raged around a Ukrainian nuclear power plant that ranks as Europe's largest. At the same time, unconfirmed reports circulated of attacks on Ukrainian hydropower assets.

Moscow has focused missile and drone attacks on energy facilities and other key infrastructure in an apparent bid to break the will of Ukrainian civilians and force Kyiv to negotiate on Russia’s terms. Ukrainian President Volodymyr Zelenskyy has said the bombardments have destroyed half of his country’s infrastructure.

Even with no end to the war in sight, Ukraine is working to repair its electricity grid with the help of global partners.

2. U.S. passes Inflation Reduction Act - historic climate law spurs domestic manufacturing


The clean energy industry celebrated a moment on Aug. 7 that would have seemed impossible weeks or months earlier: The Senate passed a budget measure that included the largest investments in clean energy and climate change in U.S. history.

At $369 billion, incentives for clean energy deployment and climate change mitigation made up nearly half of the Inflation Reduction Act. The package was signed into law by President Joe Biden on Aug. 16.

In the months that followed, a U.S. clean energy manufacturing base began to take shape.

Qcells and parent company Hanwha announced plans to increase manufacturing capacity at their Dalton, Georgia, facility from 1.7 GW to more than 3 GW. First Solar plans to invest up to $1 billion in a new 3.5 GW module factory in Alabama, while an additional $185 million will be dedicated to adding nearly 1 GW of new manufacturing capacity to the company's facility in Ohio. Toledo Solar, meanwhile, said it would increase its domestic solar module manufacturing capacity to 2.8 GW by 2027 in response to the Inflation Reduction Act.


The Factor This! podcast, recorded live from RE+ in Anaheim, analyzed the impact of the Inflation Reduction Act on domestic solar manufacturing. "The race is on to meet demand with made-in-America solar modules" featured Lightsourcebp Americas CEO Kevin Smith, Cypress Creek Renewables VP of Engineering Luke O'Dea, and Qcells North America Head of Market Strategy and Public Affairs Scott Moskowitz. Subscribe wherever you get your podcasts!

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