US utility solar market has grown 34% since Q2 2023

,
US installed solar capacity has grown 34% since the second quarter of 2023, with more than 110,000 MW of projects now operating.

Developers continued to take advantage of the Inflation Reduction Act in the second quarter as they added utility-scale solar projects in the United States at a record pace.

There was 7,369 MW of solar installed in the quarter, a 49% increase from the first quarter, according to data from S&P Global Market Intelligence. U.S. installed solar capacity has grown 34% since the second quarter of 2023, with more than 110,000 MW of projects now operating.

Developers plan to add more than 40,292 MW of solar this year, with 3,727 MW announced, 14,548 MW in early development, 1,473 MW in advanced development and 20,543 MW under construction. There is nearly 233,000 MW additional solar capacity in development in the U.S. through 2028, according to Market Intelligence data.

Click here to read the full article
Source: Solar Power World

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

/0 Comments/by
You might also like
Vattenfall in Netherlands is building a solar park where solar panels are combined with cultivation to show that farming and solar panels can go well together.Dutch project to combine solar and farming
Dulles solar farm would be built on more than 835 acres on land that would power the larger Northern Virginia electrical grid.Dulles solar farm would be the nation’s largest at an airport
Meta has signed a 330MW solar Environmental Attributes Purchase Agreement (EAPA) with Adapture Renewables in Arkansas and Illinois.Meta signs 330MW renewable energy agreements in Illinois and Arkansas
A guide to recent legislation and research throughout the country. All eyes are on the Senate as the climate bill is considered.August solar policy snapshots
The nation is set to add 108 gigawatts of solar power to the grid this year, up from 54.88 gigawatts in 2021.China is on track to double its solar panels from last year’s record
First Solar has selected Alabama as the site for its fourth U.S. panel factory. The climate bill was a key catalyst for the new facility.Alabama selected for new factory as IRA prompts domestic manufacturing boom
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *