WASHINGTON, D.C. — A record-setting 11 gigawatts (GW) of recent photo voltaic module manufacturing capability got here on-line in america throughout Q1 2024, the biggest quarter of photo voltaic manufacturing progress in American historical past.
In line with the U.S. Photo voltaic Market Perception Q2 2024 report launched at the moment by the Photo voltaic Vitality Industries Affiliation (SEIA) and Wooden Mackenzie, whole 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 recent photo voltaic capability, bringing whole capability to 200 GW in america. The report additionally accommodates new information from 2023, exhibiting that america added over 40 GW of recent photo voltaic capability final yr. Wooden Mackenzie now initiatives that the U.S. photo voltaic business will set up one other 40 GW in 2024.
“This quarter proves that new federal investments in clear vitality are revitalizing American manufacturing and strengthening our nation’s vitality financial system,” stated SEIA president and CEO Abigail Ross Hopper. “Whether or not it’s a billion-dollar funding in a close-by photo voltaic mission or a brand new manufacturing plant using a whole lot of native employees, the photo voltaic and storage business is uplifting communities in each state throughout this nation.”
Large progress within the utility-scale market is driving file photo voltaic deployment figures because the section added almost 10 GW of recent capability in Q1. Florida and Texas noticed sturdy 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 sturdy quarters, putting in 686 and 546 megawatts (MW), respectively.
“The U.S. photo voltaic business continues to indicate power when it comes to deployments,” stated Michelle Davis, head of world photo voltaic at Wooden Mackenzie and lead creator of the report. “On the similar time, the photo voltaic business faces a lot of challenges to its continued progress together with availability of labor, excessive voltage gear constraints, and continued commerce coverage uncertainty.”
The residential photo voltaic section is feeling the total 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 subsequent 5 years, rising to 438 GW by 2029.
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About SEIA®:
The Photo voltaic Vitality Industries Affiliation® (SEIA) is main the transformation to a clear vitality financial system, creating the framework for photo voltaic to realize 30% of U.S. electrical energy era by 2030. SEIA works with its 1,000 member firms and different strategic companions to struggle for insurance policies that create jobs in each group and form honest market guidelines that promote competitors and the expansion of dependable, low-cost solar energy. Based in 1974, SEIA is the nationwide commerce affiliation for the photo voltaic and photo voltaic + storage industries, constructing a complete imaginative and prescient for the Photo voltaic+ Decade by analysis, training and advocacy. Go to SEIA on-line at www.seia.org and observe @SEIA on Twitter, LinkedIn and Instagram.
Media Contact:
Morgan Lyons, SEIA’s Director of Communications, [email protected] (202) 556-2872
