U.S. Solar Industry Hits Major Milestone With 5 Million Installations

Solar developers in the United States have reached a milestone of 5 million systems, the Solar Energy Industries Association and Wood Mackenzie have reported. According to the release, the SEIA and Wood Mac expect this number to double by 2030 and triple by 2034, with the pace of installations quickening significantly. Last year, the SEIA and Wood Mac said, solar additions represented the biggest chunk of new power generation capacity growth.

A temporary tariff exclusion will help reduce production costs and incentivize increased investment in domestic manufacturing,” SEIA president Abigail Ross Hopper said. Solar is a key element of the Biden administration’s transition plan but despite the generous support, demand has been wobbly recently as states phase out certain incentives. Even so, the outlook remains robust, according to SEIA and others.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Industry speakers revealed for Climb24: the UK’s festival of innovation, industry and investmentGlobal leaders in tech and investment join the speaker line-up for the two-day festival. The first speakers have been revealed for Climb24, a festival of innovation, industry and investment, who will address the audience of scale-ups, entrepreneurs and investors in Leeds on June 5th – 6th, 2024.
Source: The Yorkshire Post - 🏆 39. / 66 Read more »