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Newfoundland s Altius Minerals launches $100-million renewable power IPO to help pivot from coal

Newfoundland s Altius Minerals launches $100-million renewable power IPO to help pivot from coal
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Plug Power raises financial guidance as hydrogen stocks jump

US renewable pipeline poised to add 172 5 GW through 2024

Despite the COVID-19 pandemic causing record job losses for the renewable energy industry, slowing construction activity and threatening developers access to capital, the U.S. saw strong capacity additions for wind and solar power during 2020. But questions remain about the long-term effects the pandemic will have on projects. An analysis by S&P Global Market Intelligence shows a pipeline of 172.5 GW of capacity for wind and solar projects through 2024. Of that, 75.7 GW are wind power projects while 96.8 GW are solar power projects, the data shows. While some of the projects may not cross the finish line, especially those in early development phases, wind and solar projects totaling 30.7 GW of capacity are now under construction. Meanwhile, 18.2 GW of projects are in advanced development, 109.3 GW are in early development, and developers announced 14.1 GW of new projects.

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