Exhibit 2 Utility-scale solar projects are expected to increase in number and size, driving high demand for qualified construction companies.
US utility-scale solar projects of more than 100 MW, by region 1
Southwest
Central
Northwest
Southeast
South
Northeast
50 100 150 200 250 300 350 400 450 500 550 600 650 700 750 800 850 900
Planned, pending, or under-construction projects of 500 MW or more
2012
2014
2016
2018
2020
2022
2024
2026
Number of utility-scale solar projects in previous 12 months (Jan-Dec)
2
5
4
2
19
8
8
16
28
51
41 2
98 2
98 2
52 2
1 South = Alabama, Arkansas, Louisiana, Mississippi, Tennessee; Southwest = Arizona, California, Colorado, New Mexico, Nevada, Oklahoma, Texas, Utah; Northwest = Oregon, Washington, Idaho; Central = Iowa, Illinois, Indiana, Michigan, Minnesota, Ohio, Wisconsin; Southeast = Florida, Georgia, North Carolina, South Carolina, Virginia; Northeast = Delaware, Maine, New Hampshire, New York, Pennsylvania. 2 Pending, planned or under-construction projects include 242 projects: 45 pending regulatory approval, 69 planned for installation but without initiated regulatory approvals, 32 with regulatory approval received but not under construction, 6 with construction complete but not yet in commercial operation, and 90 under construction. Source: EIA Monthly Electric Generator Inventory, March 2023
McKinsey & Company
Accelerating the journey to net zero
90
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