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Florida and Texas cost forward on photo voltaic installs whereas California stumbles because of coverage adjustments
WASHINGTON, D.C. — A record-setting 11 gigawatts (GW) of latest photo voltaic module manufacturing capability got here on-line in the USA throughout Q1 2024, the most important quarter of photo voltaic manufacturing progress in American historical past.
In response to the U.S. Photo voltaic Market Perception Q2 2024 report launched immediately by the Photo voltaic Power Industries Affiliation (SEIA) and Wooden Mackenzie, complete U.S. photo voltaic module manufacturing capability now exceeds 26 GW yearly.
As well as, the business additionally put in a powerful 11.8 GW of latest photo voltaic capability, bringing complete capability to 200 GW in the USA. The report additionally comprises new knowledge from 2023, exhibiting that the USA added over 40 GW of latest photo voltaic capability final 12 months. Wooden Mackenzie now tasks that the U.S. photo voltaic business will set up one other 40 GW in 2024.
“This quarter proves that new federal investments in clean energy are revitalizing American manufacturing and strengthening our nation’s energy economy,” stated SEIA president and CEO Abigail Ross Hopper. “Whether it’s a billion-dollar investment in a nearby solar project or a new manufacturing plant employing hundreds of local workers, the solar and storage industry is uplifting communities in every state across this country.”
Huge progress within the utility-scale market is driving report photo voltaic deployment figures because the section added practically 10 GW of latest capability in Q1. Florida and Texas noticed robust utility-scale progress and led all states for brand spanking new photo voltaic capability in Q1. Different markets like New Mexico and Ohio additionally had robust quarters, putting in 686 and 546 megawatts (MW), respectively.
“The U.S. solar industry continues to show strength in terms of deployments,” stated Michelle Davis, head of worldwide photo voltaic at Wooden Mackenzie and lead writer of the report. “At the same time, the solar industry faces a number of challenges to its continued growth including availability of labor, high voltage equipment constraints, and continued trade policy uncertainty.”
The residential photo voltaic section is feeling the complete weight of coverage adjustments in California and skilled its worst quarter in two years. The business and group photo voltaic markets remained regular year-over-year.
Whole U.S. photo voltaic capability is predicted to double over the following 5 years, rising to 438 GW by 2029.
Courtesy of The Photo voltaic Power Industries Affiliation® (SEIA).
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