New England's Solar Industry Shines with $2 Billion in Projects

August 2, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--New England isn't known for its sunny skies, but the U.S. region has seen its solar-energy capacity increase by 3.8 gigawatts (GW) since 2016, according to the U.S. Energy Information Administration (EIA). Although more than half of that number is attributed to small-scale solar, which are systems with less than 1 megawatt (MW) of generating capacity that typically are not metered by a utility, the demand for utility-scale projects is growing across the region. Industrial Info is tracking more than $2 billion worth of active solar projects across New England. Olivewood Energy LLC (New Haven, Connecticut), which focuses on solar and energy-storage projects in New York and New England, accounts for some of the heaviest solar investments in the region. NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida) is adding to its nationwide slate of solar-energy projects with several proposed plants across New England. Other companies featured: D.E. Shaw Group