During Q1 2024, 11 GW of recent photo voltaic module manufacturing capability got here on-line within the US, in response to the US Solar Market Insight Q2 2024 report launched by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.
The report added that whole home photo voltaic module manufacturing capability now exceeds 26 GW yearly, with the business additionally putting in 11.8 GW of recent photo voltaic capability in the course of the quarter, bringing whole home capability as much as 200 GW.
“This quarter proves that new federal investments in clear power are reinvigorating American manufacturing and strengthening our nation’s power financial system,” mentioned SEIA president and CEO Abigail Ross. Hopper. “Whether it is a billion-dollar funding in a close-by photo voltaic mission or a brand new manufacturing plant that employs a whole lot of native employees, the photo voltaic and storage business energizes communities in each state throughout the nation.”
Widespread progress within the Utility-scale improvement market drove photo voltaic deployment numbers because the phase added almost 10 GW of recent capability in Q1. The report additionally mentioned the US added 40 GW of recent photo voltaic capability final yr.
The residential photo voltaic phase felt the complete brunt of California’s coverage adjustments and skilled its worst quarter in two years. The industrial and group photo voltaic market stays regular yr over yr.
