50Billion. With 32GW installed last year spanning from utility scale to residential, I would presume we’re close to the $50billion mark especially with project finance giving a 2 for 1 in the construction to perm markets. Add on the storage growth, we’ll cross the $100billion market size soon and keep growing. It’s not just for fun either, we’ve talked about how the market is based on load growth and more energy needs across the board. This has to come from reliable and cheap sources like solar which made up 53% of the new capacity last year.
Premium? What’s your view on domestic versus not? Can you justify and get your investors, board and shareholders comfortable with committing to domestic supply chain or is it economics above all? Would love your thoughts on this.
Phoenix Infocast. I’m coming back! I’ll be in Phoenix on Monday and Tuesday for the Infocast Solar + Wind conference. Would love to see many of you again, if you’re going reach out and say hello.
- Utility Dive: U.S. deployed a record 32 GW of solar generating capacity in 2023 – SEIA
- Renewable Energy World: Wood Mackenzie – Solar accounted for 53% of new U.S. generation in 2023 and will keep growing
- Bloomberg: Sinking Solar Prices Seen as Threat to US Manufacturing
- PV-Magazine: California community solar market lies in limbo
- Reuters: Italy’s green transition efforts held back by lack of big solar projects
- Semafor: After Big Oil’s waves of consolidations, Big Solar could be next
- Solar Power World: Import duties may soon be coming to aluminum solar racking
- Energy Storage News: EU launches energy storage investment platform Repono, targets 100GWh by 2030
Opinion
Best, Yann