If the United States is going to fall short of its 2030 renewable energy goals, it won’t be without a fight.
The U.S. added 11 GW of new solar module manufacturing capacity in Q1 2024, the largest quarter of solar manufacturing growth in American history. According to the U.S. Solar Market Insight Q2 2024 report released by the Solar Energy Industries Association (SEIA) and and Wood Mackenzie solar module manufacturing capacity now exceeds 26 GW annually. Solar accounted for 75% of all new electricity-generating capacity added to the grid.
Wood Mackenzie now projects that the U.S. solar industry will install another 40 GW in 2024. “This quarter proves that new federal investments in clean energy are revitalizing American manufacturing and strengthening our nation’s energy economy,” said SEIA president and CEO Abigail Ross Hopper.
Massive growth in the utility-scale market is driving record solar deployment figures as the segment added nearly 10 GW of new capacity in Q1, per SEIA and Wood Mackenzie. Total U.S. solar capacity is expected to double over the next five years, growing to 438 GW by 2029.
Based on: https://www.renewableenergyworld.com/