US distributed solar asset owner Spruce Power posted decreased revenues and EBITDA in Q4 2023, totalling US$15.7 million and US$9.9 million respectively.
First Solar CEO Mark Widmar has said that the US solar manufacturing industry “remains in a precarious position, despite the passage of the Inflation Reduction Act (IRA)”.
The top five US states for solar installation added over 18GW of new PV generation capacity in 2023 between them, in a year which saw solar account for 53% of all US electricity capacity additions.