The US solar industry is set to continue breaking annual installation records in the coming years despite supply chain constraints that have led to higher prices as well as disruptions caused by the government’s withhold release order (WRO), according to new research.
Liam Stoker recaps recent policy moves in the US and explores the difficult balancing act President Biden must now face between stimulating domestic solar manufacturing in the US and supporting solar deployment.
Solar PV capacity in Asia Pacific could triple to 1,500GW by 2030, with China driving deployment and Indonesia set to be the region’s fastest-growing market, according to Wood Mackenzie.
Annual investment in solar and wind generation in the Asia Pacific region could double to US$1.3 trillion by 2030 compared to the previous decade, with policy targets and cost declines boosting growth, according to research firm Wood Mackenzie.
The US installed more than 5GWdc of solar capacity in Q1 2021, taking its cumulative capacity past the 100GW barrier, but supply chain constraints could pose a major barrier to further growth.
Israeli developer Solegreen has invested US$104 million in solar installer Kuubix to help it pursue an "aggressive" expansion strategy across its core markets in the US.
This year is set to be a record-breaker for renewables auctions in Europe, as countries across the continent look to increase clean energy deployment to reach 2030 emissions reductions targets.
New solar capacity installations in the US are expected to rise 43% this year as the industry recovers from the worst impacts of the COVID-19 pandemic, according to a new study by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.
China’s newly announced ambition to reach carbon neutrality by 2060 and peak carbon emissions before 2030 looks set to spur on investment in solar and battery storage technology, as the country diversifies its power mix away from coal.
