This Week in Climate & Clean Energy Wins: Week of 12/11/23


$100 Billon2.2 Million2,000
The amount that the largest public pension fund in the U.S. announced plans  to invest in climate solutions by 2030. The number of homes projected to be powered by Biden’s new offshore wind lease.The amount of jobs that will be created after IBEW’s agreement to build the biggest clean energy project in U.S. history

This week in private sector news, the largest public pension fund in the U.S. announced plans to invest $100 billion in climate solutions by 2030 – in what Forbes is calling “a bold step tailored to meet the existential challenges and colossal financial risks of a warming climate, and harness the massive opportunities of the shift to a new clean economy.” Social media and data giant Meta is teaming up with SRP and Ørsted on a 300 megawatts (MW) solar-plus-storage project in Arizona, and CarMax is piloting an electric semi truck as a car hauler in California. 

New data shows monumental investments in clean energy technology – particularly in Republican congressional districts and low-income communities. In November, companies announced 11 large-scale domestic clean energy projects, adding nearly 2,000 jobs and more than $1 billion in investments. The U.S. solar sector is experiencing exponential growth, adding a record 33 gigawatts (GW) of generation capacity this year – more than double the capacity in 2022.

The Department of the Interior (DOI) announced an offshore wind lease proposal in the Central Atlantic with the potential to power over 2.2 million homes. The lease is a part of President Biden’s commitment to expand domestic offshore wind opportunities. The IBEW signed an agreement to build the biggest clean energy project in U.S. history, creating 2,000 new construction jobs – including 500 IBEW union-filled transmission construction jobs – and potentially powering 3 million homes in the southwest. The project was made possible by investments from Biden’s clean energy plan. Deputy Secretary of Energy David Turk celebrated U.S. clean energy accomplishments at COP28, spotlighting a range of initiatives that are a testament to the county’s transition to renewables.

Lastly, WEC Energy Group announced plans this week to close all remaining coal plants in Wisconsin by 2032, three years ahead of schedule. In Pennsylvania, the Department of Environmental Protection (DEP) and the Public Utility Commission (PUC) announced that the state can now power a city the size of Pittsburgh on solar alone. In Michigan, a remanufacturer of automotive drivetrain technology will invest $7.9M in a new electric vehicle facility, creating up to 163 jobs over five years. In Arizona, the Gila River Indian Community broke ground on the first-ever solar-panel-lined water canal project in the U.S. 

Private Sector

New Reports

Biden Administration