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United States utility-scale solar setup struck all-time high in 2023, research study group states

Posted to Maritime Reporter on May 4, 2024

Utilityscale solar projects in the United States added a record 15 gigawatts (GW). of capacity in 2023, up 60% from the year prior and marking an. alltime high, according to information from ecological research study. group Kayrros.

The velocity remained in part due to a rebound impact from. the previous year when supply-chain traffic jams, manpower. restraints and import tariffs slowed advancement. Solar. Advancement outside of Texas, the biggest solar market. contributed to the rise, Kayrros stated.

While the Electric Reliability Council of Texas (ERCOT) had. the most capacity additions in 2023, other regions saw quicker. capability development. The Midcontinent Independent System Operator. ( MISO), which runs across the Midwest, grew 224%. year-on-year and PJM Interconnection on the East Coast grew more. than 150%.

There's a great deal of development in ERCOT, partially due to the fact that of the. fact that it is quite insulated from other markets, said. Antoine Halff, primary analyst and co-founder of Kayrros. However. there is cause for decarbonization all over. It's not. surprising that [solar advancement] is spreading out in other. markets, he said.

The very first quarter of 2024 is on track to publish the fastest. boost in the number U.S. solar conclusions tape-recorded for that. time of year, which usually experiences a seasonal downturn.

The U.S. Energy Details Administration (EIA) projects. the acceleration will continue throughout 2024, with its latest. forecast calling for more than 125 GW of photovoltaic panel. setups this year.

Halff stated the EIA projections are significantly higher than. Kayrros' because they typically reflect business announcements. without taking into consideration task delays or bottlenecks.