Throughout Q1 2024, 11 GW of latest photo voltaic module manufacturing capability got here on-line within the U.S., per the U.S. Photo voltaic Market Perception Q2 2024 report launched by the Photo voltaic Vitality Industries Affiliation (SEIA) and Wooden Mackenzie.
The report provides that whole home photo voltaic module manufacturing capability now exceeds 26 GW yearly, with the trade additionally putting in 11.8 GW of latest photo voltaic capability through the quarter, bringing whole home capability to 200 GW.
“This quarter proves that new federal investments in clear vitality are revitalizing American manufacturing and strengthening our nation’s vitality financial system,” mentioned SEIA president and CEO Abigail Ross Hopper. “Whether or not it’s a billion-dollar funding in a close-by photo voltaic undertaking or a brand new manufacturing plant using tons of of native staff, the photo voltaic and storage trade is uplifting communities in each state throughout this nation.”
Large progress within the Utility-scale market progress drove photo voltaic deployment figures because the phase added practically 10 GW of latest capability in Q1. The report additionally states that the U.S. added 40 GW of latest photo voltaic capability final 12 months.
The residential photo voltaic phase is feeling the total weight of coverage modifications in California and skilled its worst quarter in two years. The business and group photo voltaic markets remained regular year-over-year.
