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June 6, 2024
The United States set a new record for solar manufacturing growth last quarter, as the industry rapidly expands ahead of a looming deadline.
Seventy-five percent of all new electricity-generating capacity added to the U.S. grid last quarter came from solar manufacturing, according to a new report from the Solar Energy Industries Association (SEIA) and Wood Mackenzie. A record 11 gigawatts of new solar panel manufacturing capacity came online during the first three months of 2024.
Its’s the largest quarterly growth of solar manufacturing in American history. It also brings the country’s total capacity to 200 gigawatts. For reference, the power of a single gigawatt matches the horsepower delivered by 2,000 Chevy Corvette Z06s or used by 100 million LED light bulbs.
“This quarter proves that new federal investments in clean energy are revitalizing American manufacturing and strengthening our nation’s energy economy,” SEIA CEO Abigail Ross Harper said in a statement, adding that “the solar and storage industry is uplifting communities in every state across this country.”
The U.S. has benefitted from federal and state policies aimed at increasing the country’s production of clean energy, such as President Joe Biden’s 2022 Inflation Reduction Act (IRA) and a freeze on imported panels believed to be made with forced labor in China. Solar module manufacturing capacity has increased each quarter since the IRA was passed in August 2022.
To read the full article, click here:
https://qz.com/solar-energy-panels-industry-taxes-tariffs-us-biden-1851522770
