S&P Global Market Intelligence found that Texas leads the nation in solar projects in advanced development or under construction with 7.4 GW of capacity in late-project phases, significantly ahead of North Carolina (2.6 GW) and California (2.2 GW). Researchers note that demand for utility-scale solar power capacity remains high from corporations and governments.
"Attracted by the cheap costs of solar power, fossil fuel companies are helping drive demand in West Texas. In April, the U.S. Energy Information Administration projected Texas will add a record 10 GW of utility-scale solar power capacity by the end of 2022, with 30% of the additions in the sun-soaked Permian Basin," researchers wrote.
NextEra Energy has the largest solar power project pipeline with 11.3 GW of capacity in all stages of development, followed by Invenergy, EDF Group, SunChase Power, Macquarie Group, and AES Corp.