US solar dominates new build as developers widen search

Solar growth is spreading into new U.S. markets as developers tackle grid challenges and new demand pockets open up in central states.Panel The Planet
Solar installations will account for “almost all growth” in U.S. power generation in 2024-2025, increasing solar’s share of power production from 4% in 2023 to 5.6% this year and 7% in 2025, the U.S. Energy Information Administration (EIA) said last month.
Utility-scale solar installations are rising on the back of tax credits in the 2022 Inflation Reduction Act and growing demand for clean power. Supply chain disruptions and volatile costs dented installations in 2022 but these challenges have moderated, developers told Reuters Events.
Strong growth is expected in markets with mature regulated structures, state renewable targets and competitive solar and wind fundamentals, such as Texas’ ERCOT, California’s CAISO and the large eastern PJM network, Woody Rubin, Chief Development Officer at utility and operator AES, said.

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Source: Reuters

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