The American Clean Power Association (ACP) has released a comprehensive report titled “Clean Energy Powers North Carolina,” shedding light on the substantial strides the state has taken in the realm of utility-scale clean energy projects. The findings underscore North Carolina’s evolving role as a clean energy leader, with nearly 10 percent of the state’s energy capacity now hailing from solar and wind projects. The clean energy capacity currently stands at an impressive 6,433 megawatts (MW), enough to provide power to 1.1 million homes.
Historical Investments and Future Projections
The remarkable growth witnessed in North Carolina is anchored in a history of investments amounting to $15 billion in utility-scale solar, wind, and storage projects. Corporations such as Meta and Google have expressed strong interest in procuring clean power from North Carolina, collectively securing agreements for over 1,600 MW of clean energy. Looking ahead, North Carolina is poised to receive an additional $14 billion in capital investment for the utility-scale clean power sector by 2030, highlighting the ongoing momentum in the state’s clean energy journey.
Beyond Energy Capacity Expansion
The influence of clean power projects stretches beyond energy capacity expansion, creating a ripple effect at both the state and local levels. With 27 operating clean energy manufacturing facilities, North Carolina has experienced job creation in the utility-scale sector, providing employment opportunities for nearly 10,000 residents. The economic benefits also extend to local communities and the state as a whole. These projects generate over $30 million annually in state and local taxes and contribute an additional $42 million in yearly revenue to landowners who lease their property for clean power initiatives. This cumulative impact amounts to a substantial $72 million injected into North Carolina’s economy each year.
An Anticipated Doubling of Clean Energy Capacity
According to the ACP report, North Carolina’s clean energy capacity is slated to double by the close of the decade. Projections estimate the addition of around 8,000 MW of solar, 1,400 MW of land-based wind power, and an impressive 2,500 MW of battery storage capacity by 2030. As clean energy investment accelerates, it is predicted that annual tax revenues from these projects will soar to $83 million, and landowners’ revenue from land lease payments will exceed $110 million.
North Carolina’s journey towards cleaner and more sustainable energy sources not only sets an inspiring example for other states but also showcases the tangible benefits of embracing renewables. As the world steers towards a greener future, initiatives like those in North Carolina prove that clean energy isn’t just about environmental stewardship — it’s also a catalyst for economic growth and job creation.