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    To Balance Supplies By H2 Energy, $107 Bn Assigned By Japan

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    US Clean Hydrogen Roadmap For Net-Zero Emissions Economy

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    Game Changing Tech Can Help EV, Aviation Get Enhanced Cells

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    Student team aids H2 storage & transport issue resolution

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    EU Modernisation Fund Backs 31 Energy Projects in 7 Nations

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    Cluster of Businesses Want The EU To Improve Energy Security

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    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

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    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Toyota granted Zero Emission CARB Executive Order for heavy-duty fuel cell electric powertrain kit

    SFC Energy AG Strengthens North American Business and Opens Competence Center for Hydrogen Fuel Cells in Canada

    SFC Energy AG Strengthens North American Business and Opens Competence Center for Hydrogen Fuel Cells in Canada

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    TECO 2030 Starts Manual Production of Fuel Cell Stacks

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    To Balance Supplies By H2 Energy, $107 Bn Assigned By Japan

    To Balance Supplies By H2 Energy, $107 Bn Assigned By Japan

    US Clean Hydrogen Roadmap For Net-Zero Emissions Economy

    US Clean Hydrogen Roadmap For Net-Zero Emissions Economy

    Game Changing Tech Can Help EV, Aviation Get Enhanced Cells

    Game Changing Tech Can Help EV, Aviation Get Enhanced Cells

    Student team aids H2 storage & transport issue resolution

    Student team aids H2 storage & transport issue resolution

    EU Modernisation Fund Backs 31 Energy Projects in 7 Nations

    EU Modernisation Fund Backs 31 Energy Projects in 7 Nations

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    US Solar Installations Soar To New Heights In Quarter1 2023

    Sluggish US Energy Storage Expansion In 2023 1st Quarter

    UK To Charge Renewable Energy Generators A 45% Windfall Tax

    Denmark Halts New Area Allocation For Offshore Wind Projects

    Offshore Wind Leasing Review In Gulf of Mexico Done By BOEM

  • Market Moves
    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

  • Press Statements

    CWIEME Berlin off to a stellar start

    Introducing the CWIEME Advisory Board for 2023

    Toyota granted Zero Emission CARB Executive Order for heavy-duty fuel cell electric powertrain kit

    Toyota granted Zero Emission CARB Executive Order for heavy-duty fuel cell electric powertrain kit

    SFC Energy AG Strengthens North American Business and Opens Competence Center for Hydrogen Fuel Cells in Canada

    SFC Energy AG Strengthens North American Business and Opens Competence Center for Hydrogen Fuel Cells in Canada

    TECO 2030 Starts Manual Production of Fuel Cell Stacks

    TECO 2030 Starts Manual Production of Fuel Cell Stacks

    Sustainable energy: industry get-together at hy-fcell

    India achieved a solar share of 10.69 percent of installed power capacity

    Altea Green Power inks deal with Aer Soleir to build 300MW projects in Italy

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    TotalEnergies starts up its fourth solar power plant in Japan

    ACCIONA Wind Energy

    ACCIONA Energia to supply 100% renewable energy to Grupo Violas in Portugal

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US Solar Installations Soar To New Heights In Quarter1 2023

in News, Solar Energy
Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

As per insights, the first quarter of 2023 witnessed the installation of 6.1 GW of solar capacity in the United States. This remarkable figure surpasses the previous records for first-quarter solar installations, primarily due to the alleviation of supply chain difficulties and the progression of delayed solar projects.

Installations have seen a significant increase of 47% compared to the previous year, although they have experienced a decrease of 19% compared to the last quarter of 2022. In the first quarter, all segments achieved their highest performance, except for community solar, which faced challenges related to interconnection and sitting in certain important state markets. Following a challenging year in 2022, the utility-scale segment made a strong recovery with the deployment of 3.8 GW. The residential market also showed promising growth, with a year-over-year increase of 30% reaching 1.6 GW.

The US solar market is expected to expand significantly in the coming years, with the Inflation Reduction Act (IRA) providing a boost. It is projected that the market will triple in size by 2028, reaching a total installed capacity of 378 GW. Additionally, the IRA is anticipated to increase US module manufacturing capacity to over 60 GW by 2026, a significant rise from the current capacity of less than 9 GW.

Although the US solar industry is beginning to experience some relief in the supply chain, qualifying for the domestic content adder will pose a complex challenge for solar project developers. Even after establishing crystalline silicon cell manufacturing, several other components will need to be produced domestically to meet the requirements for project qualification.

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