Community solar deployment in the US is set to be boosted by support programmes and clean energy commitments from state governments, according to Wood Mackenzie, which has increased its install projections in spite of interconnection challenges facing the segment.
Proposed changes to California’s net metering (NEM) incentive programme will severely reduce residential PV’s value proposition in the state, cutting its solar market in half by 2024, Wood Mackenzie has warned.
The US solar sector is set to post record deployment figures this year, but ongoing supply chain constraints, logistical challenges and price increases are expected to dent additions in 2022, a new report has said.
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.
