The United States is experiencing one of the strongest clean energy expansions in its history. Utility-scale solar and battery storage lead new generation additions nationwide, supported by stable federal incentives and rising electricity demand. According to the Solar Energy Industries Association, 2023 marked a record year for U.S. solar deployment, with utility-scale installations driving most of the growth. This trend is reshaping how developers design, finance, and deliver large renewable energy assets.

For global renewable energy companies, the U.S. market offers scale, policy certainty, and long-term investment potential—factors well aligned with Concord New Energy’s international development strategy. The Group’s recent commitment to invest USD 113 million in a new U.S. solar project reflects the country’s importance as a fast-growing market for utility-scale solar developers and solar-plus-storage project development.

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Why the U.S. Market Is Expanding So Rapidly

Stable policy support

Long-duration incentives continue to strengthen investor confidence. As highlighted by the World Resources Institute, federal policies have accelerated clean energy deployment and expanded opportunities for large-scale solar and storage development.

Growing grid demand

Electricity demand in the U.S. is rising due to data centres, advanced industries, and electrification. This strengthens the market for utility-scale solar paired with energy storage.

Stronger development and engineering practices

Developers are improving site evaluation, power system modelling, and permitting strategies. These refinements reduce lead times and support bankable clean energy investment across multiple regions.

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Solar-Plus-Storage Become Standard

Battery storage is now a core element of U.S. clean energy planning. Utility-scale batteries shift solar output into peak demand hours and provide essential grid services. SEIA’s 2024 review shows that hybrid solar-plus-storage projects are one of the fastest-growing segments nationwide, strengthening project economics and enhancing grid reliability.

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CNE’s Strategic Positioning

CNE’s entry into the U.S. market reinforces its role as a globally active renewable energy developer with a growing international project pipeline. CNE continues to secure wind, solar, and storage projects across key global markets while maintaining disciplined project selection and strong financial performance. 

The Group’s ESG leadership also supports its global positioning. CNE maintains an AA MSCI ESG rating and is recognised in S&P Global’s sustainability assessments, demonstrating its long-term commitment to responsible, transparent, and sustainable development.

The U.S. clean energy boom is set to continue. Utility-scale solar and storage will remain central to meeting national climate targets and supporting rising electricity demand. For investors and partners, the market offers resilient long-term opportunity.

CNE will continue expanding its global development footprint, delivering high-quality renewable assets, and contributing to a cleaner and more sustainable energy system worldwide.

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References

Solar Energy Industries Association (SEIA) — Solar Market Insight Report: 2024 Year in Review
https://www.seia.org/research-resources/solar-market-insight-report-2024-year-in-review/

World Resources Institute (WRI) — Clean Energy Progress in the United States
https://www.wri.org/insights/clean-energy-progress-united-states