This Week in Climate & Clean Energy Wins: Week of 9/19/2


$400 Million3 Million$150 Million
The amount of formula funding for energy efficient buildings announced by DOE this week. The number of jobs projected to be created per year by Biden’s clean energy plan throughout its life span. The amount Silfab Solar is investing in a new South Carolina manufacturing plant. 

At Climate Week in New York City, the Energy Transition Accelerator (ETA) and the World Bank announced a partnership to mobilize finance supporting accelerated energy transitions in developing countries. In other private sector news, Vestas received a 126 MW order to repower the Downeast Wind project in Maine, and Enel North America signed a power purchase agreement for a new solar project in Texas.  

Total investments from President Biden’s clean energy plan will lead to the creation of nearly 3 million jobs per year, according to new data from the Political Economy Research Institute (PERI). Nearly 70% of those direct jobs will be available to workers without a bachelor’s degree – compared to 59.6% of jobs in the total U.S. workforce. According to a new analysis of the Inflation Reduction Act from Brookings, clean energy policies pose few transitional risks when it comes to financial stability and stress. The DOE released the first of many Liftoff Reports, designed to offer insights into the clean energy landscape – the Virtual Power Plants (VPPs) Report projected that tripling the scale of current VPPs could reduce overall U.S. grid costs by $10 billion per year. 

The Biden Administration launched the American Climate Corps initiative, which is expected to place 20,000 young people on clean energy, conservation, and climate resilience career paths in its first year. The Department of Energy (DOE) and Department of the Interior (DOI) released an action plan to expand offshore wind transmission development in the Atlantic. DOE announced $400 million in formula funding to states and territories for assistance with the implementation of energy efficient building codes.

In South Carolina, Canada’s Silfab Solar is investing $150 million in a new solar cell manufacturing plant – a sign that the Inflation Reduction Act’s incentives for U.S. manufacturing are working. During his Climate Week meetings, Governor Newsom underscored that California is doubling down on building the infrastructure needed to achieve net-zero carbon emissions and 100% clean energy by 2045.

Private Sector

New Reports

Biden Administration