Wednesday, October 30, 2024

US photo voltaic module manufacturing capability grows by 11 GW in Q1 – pv journal International

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Total US photo voltaic module manufacturing capability elevated by greater than 11 GW within the first quarter of 2024, in accordance with the US Solar Market Insight Q2 2024 report.

From pv journal USA

The US Solar Market Insight Q2 2024 report says 11 GW of recent photo voltaic module manufacturing capability got here on-line within the United States within the first three months of 2024 – the most important quarter for photo voltaic progress making American historical past.

The report, launched by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, estimates that the entire US photo voltaic module manufacturing capability now exceeds 26 GW per 12 months.

In addition to photo voltaic manufacturing, the United States can be quickly rising photo voltaic installations. With 11.8 GW of recent photo voltaic capability put in thus far by 2024, whole capability now stands at 200 GW within the United States. The utility-scale section alone accounts for practically 10 GW of recent capability additions.

The report reveals that the United States added greater than 40 GW of recent photo voltaic capability final 12 months, and Wood Mackenzie now initiatives that the nation is on track to achieve the identical aim by 2024.

“This quarter proves that new federal investments in clear power are revitalizing American manufacturing and strengthening our nation’s power financial system,” stated SEIA President and CEO Abigail Ross Hopper. “Whether it is a billion-dollar funding in a close-by photo voltaic challenge or a brand new manufacturing plant that employs a whole bunch of native employees, the photo voltaic and storage business energizes communities in each state throughout the nation.”

The report factors to Florida and Texas as leaders in new photo voltaic capability within the first quarter. Florida put in 2.7 GW within the first quarter and Texas 2.6 GW. California, traditionally a photo voltaic chief, fell to 3rd place with 1.4 GW of recent installations. However, it’s recognized that in 2023, Texas will set up virtually 12 GW, whereas California could have 6.4 GW. New Mexico is one other main market with 686 MW put in within the first quarter, with Ohio following behind with 546 MW. Leading the best way are North Dakota, Alabama and Alaska.

“The US photo voltaic business continues to point out power when it comes to deployment,” stated Michelle Davis, head of worldwide photo voltaic at Wood Mackenzie and lead writer of the report. “At the identical time, the photo voltaic business faces many challenges to its continued progress together with labor availability, excessive voltage tools constraints, and continued commerce coverage uncertainty.”

The residential photo voltaic section has been hit arduous by excessive rates of interest and unsupportive state insurance policies. California, the place essentially the most controversial NEM 3.0 started, skilled its worst quarter in two years. In common the residential sector put in 1.3 GWdc within the first quarter, which reveals a 25% lower 12 months on 12 months and 18% quarter on quarter, however the continuation of residential photo voltaic is anticipated to be fixed.

Commercial photo voltaic reveals 23% progress in 2023 and is anticipated to develop one other 14% in 2024. This sector is considerably inspired by the California initiatives submitted underneath NEM 2.0 which are nonetheless within the interconnection queue.

Looking at group photo voltaic, installations resulted in 279 MW (DC) of recent capability through the January-March interval, with New York topping the charts at 17% 12 months over 12 months within the first quarter. in 2024, which covers 46% of the nationwide put in capability. .

Once once more, California state coverage adjustments are disrupting a once-growing market. As a results of the CPUC’s vote on AB 2316, the report’s authors revised their five-year outlook for California and now anticipate solely 200 MW fairly than 1.5 GW – an 87% discount. Overall the group photo voltaic market is anticipated to develop 4% by 2024, exceeding 1.3 GW of annual capability.

With many unanswered questions on tariffs on imported photo voltaic modules and different parts, the report stated the tariff enhance wouldn’t have a major direct impression on the US photo voltaic business, because the nation imports lower than 0.1% from China in the intervening time. .

Going ahead, the report’s five-year outlook expects the US business to put in about 40 GW a 12 months over the following 5 years. Uncertainty in commerce coverage coupled with a scarcity of employees in addition to high-voltage tools, will preserve general progress within the single digits till 2029. The five-year projection, nevertheless, for capability of US photo voltaic to develop to 438 GW by 2029.

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