The US will witness a rise in photo voltaic panel manufacturing capability within the first quarter of 2024, based on a report by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.
An 11GW of recent photo voltaic module manufacturing capability was added throughout this era, marking the biggest development in US photo voltaic manufacturing historical past.
Currently, the whole annual manufacturing capability exceeds 26GW.
In addition, 11.8GW of recent photo voltaic capability was put in, bringing the nationwide whole to 200GW.
The utility-scale photo voltaic market has grown considerably, with Florida and Texas main new installations.
Other states resembling New Mexico and Ohio additionally skilled outstanding development.
However, the residential photo voltaic phase faces challenges, particularly in California, attributable to coverage adjustments.
Despite some challenges, the report tasks that US photo voltaic capability will double over the subsequent 5 years, reaching 438GW by 2029.
SEIA president and Chief Executive Officer Abigail Ross Hopper mentioned: “This quarter proves that new federal investments in clear vitality are revitalizing American manufacturing and strengthening our nation’s vitality financial system. “
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