I think the Inflation Reduction Act is one of the most under-appreciated pieces of legislation in American history. Of course, in an era of such political divide that we’ve got insurrectionists storming the capital instead of respecting the normal transfer of power, that isn’t too surprising. Nonetheless, the Inflation Reduction … [continued]
Developers and power plant owners plan to add 62.8 gigawatts (GW) of new utility-scale electric-generating capacity in 2024, according to our latest Preliminary Monthly Electric Generator Inventory. This addition would be 55% more added capacity than the 40.4 GW added in 2023 (the most since 2003) and points to a continued … [continued]
In our latest Short-Term Energy Outlook, we forecast that wind and solar energy will lead growth in U.S. power generation for the next two years. As a result of new solar projects coming on line this year, we forecast that U.S. solar power generation will grow 75% from 163 billion kilowatthours … [continued]
One of the interesting notes in the recently published US Solar Market Insight report is that the average global solar module price in the 3rd quarter of 2023 was down 30–40% from the average global solar module price in the 1st quarter of 2023. This is primarily due to supply–demand … [continued]
Solar power is expected to hit new record highs in the United States this year. In the 3rd quarter of 2023, solar installations were up 35% year over year in terms of capacity added. Federal policies from the Biden administration and the time when Democrats controlled Congress have started really … [continued]
In 2022, solar photovoltaic panel shipments in the United States increased 10% from 2021, setting another annual record (31.7 million peak kilowatts [kWp]), based on our latest published data. U.S. solar panel shipments have been growing as solar capacity continues to rise. U.S. solar panel shipments closely track domestic solar capacity … [continued]
The solar and storage workforce is expected to grow to nearly 500,000 jobs in the next decade.
The U.S. solar energy industry is hotter than it’s ever been, and the Inflation Reduction Act of 2022 hasn’t just stimulated new solar power development, it’s provided long-term stability and support to the industry that has changed the story. But then, what is the U.S. solar energy story today? If … [continued]
Solar power is going strong again in the USA, and the first quarter set a new record for the amount of solar power that was installed in the first quarter of a year. In total, 6.1 gigawatts (6100 megawatts) of solar power capacity were installed last quarter, according to the … [continued]
… and from growth of fossil gas (aka “natural” gas).
