A record-setting 11GW of new solar module manufacturing capacity came online in the USduring Q1 2024, the largest quarter of solar manufacturing growth in American history.

USA solar panel manufacturing capacity soared 71% in Q1 2024

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A record-setting 11 gigawatts (GW) of new solar module manufacturing capacity came online in the United States during Q1 2024, the largest quarter of solar manufacturing growth in American history.

According to the U.S. Solar Market Insight Q2 2024 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, total U.S. solar module manufacturing capacity now exceeds 26 GW annually.

In addition, the industry also installed an impressive 11.8 GW of new solar capacity, bringing total capacity to 200 GW in the United States. The report also contains new data from 2023, showing that the United States added over 40 GW of new solar capacity last year. Wood Mackenzie now projects that the U.S. solar industry will install another 40 GW in 2024.

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Source: Clean Technica

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New testing conducted at France’s oldest PV system have shown that its solar modules can still provide performance values in line with what the manufacturers promised.

Solar modules deployed in France in 1992 still provide 75.9% of original output power

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French association Hespul was created in 1991 to set up the first photovoltaic plant connected to the national network in France. Following the inauguration of the Phébus 1 power plant on June 14, 1992 in Ain, Hespul decided to expand its activity to promote photovoltaics in France, which at the time was almost non-existent.

The association has now revealed that around 10 m2 of the panels, corresponding to around 1 kW, were dismantled from the system last year and submitted to a series of tests according to the international standards.

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Source: PV Magazine

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Investment in solar PV is expected to surpass all other generation technologies combined with over US$500B, according to a report from IEA.

IEA: Solar PV investment to surpass all technologies combined in 2024

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Investment in solar PV is expected to surpass all other generation technologies combined with over US$500 billion, according to a report from the International Energy Agency (IEA).

In its annual investment report, World Energy Investment, the IEA also highlights that for every US dollar invested in fossil fuels, two US dollars will be invested in clean energy this year. This is an increase from last year when the ratio was at US$1 versus US$1.7, respectively. Globally, clean energy technologies and infrastructure investment are expected to reach US$2 trillion in 2024.

Falling module prices and easing supply chain pressures have offset the impact of high interest rates, as solar panel costs have decreased by 30% over the past two years. However, the growth of spending for renewables – and particularly distributed solar PV – is expected to continue at a slower pace in 2024 than previous years.

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Source: PV Tech

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For 55 days in a row, electricity from solar, wind, and water power exceeded 100% of power demand on CA’s main grid for part of the day.

Solar passes 100% of power demand in California

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California has been a leader in the installation of solar power plants and wind power plants for many years now (despite its recent anti-rooftop solar shift via “Net Metering 3.0”). That has led to more and more of its electricity generation coming from renewables. The trend has been going on for years, but there are a couple of recent developments that should really get people’s attention.

Record Solar Power in California Passes 100% of Power Demand

For 55 days in a row, electricity from solar, wind, and water (hydro) power exceeded 100% of power demand on California’s main grid for part of the day. Also, going back further, that has been achieved in 80 out of the last 87 days. That is since early March (International Women’s Day), late winter.

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Source: Clean Technica

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Solar is the major driver of this energy transition. EIA said that solar will provide 41% more electricity in 2024 than in 2023.

Solar to contribute over 60% of new US electricity generation in 2024

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The U.S. Energy Information Administration (EIA) released its Short-Term Energy Outlook report, forecasting that the total electricity generation capacity in the United States will increase 3% in 2024 and 1% in 2025.

“Renewable energy sources—chiefly solar—will supply most of that growth,” said EIA.

Solar, wind, and hydropower in 2023 combined for roughly 21% of electricity generation in the United States. EIA expects this figure to grow to 24% in 2025.

Solar is the major driver of this energy transition. EIA said that solar will provide 41% more electricity in 2024 than in 2023. EIA said the 19 GW of solar capacity added in 2023 and the over 37 GW expected this year account for the large jump in generation. In 2025, total solar generation is expected to grow another 25%.

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Source: PV Magazine

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CA is being powered by more clean energy than ever before, breaking records & accelerating our progress towards a 100% clean electric grid.

California’s grid keeps setting new clean energy records

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WHAT TO KNOW: California is being powered by more clean energy than ever before, breaking records and accelerating our progress towards a 100% clean electric grid.

SACRAMENTO – Heading into Earth Week, the state’s electric grid racked up a series of accomplishments never before seen in California history. By bringing on more sources of clean electricity and diversifying the state’s energy portfolio, clean energy has been exceeding the demands of nearly 40 million people and the world’s 5th-largest economy.

EXCEEDING DEMAND WITH 100% CLEAN ELECTRICITY: During 31 of the past 43 days, clean energy exceeded grid demand consumed at a point during the day; that’s compared to only seven days all of last year. And, it was only two years ago in May that California first even momentarily met demand with 100% clean energy.

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Source: CA.gov

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CA, TX and FL are leading the country in solar power generation, while TX, IA and OK are the leaders in wind energy, per a new analysis.

America’s solar and wind energy hotspots, mapped

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California, Texas and Florida are leading the country in terms of solar power generation, while Texas, Iowa and Oklahoma are the leaders in wind energy, per a new analysis.

Why it matters: Solar and wind power are producing a comparatively small but growing share of America’s overall energy supply — yet they make up a bigger slice of the energy pie in some states compared to others.

The big picture: Solar installations generated nearly 240,000 gigawatt-hours (GWh) of electricity across the U.S. in 2023, per the analysis from Climate Central, a climate research nonprofit.

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Source: AXIOS

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For the first time in history, solar accounts for over 50% of new electricity capacity added to the grid..

Solar installations skyrocket in 2023 in record-setting first full year of Inflation Reduction Act

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The U.S. solar industry added a record-shattering 32.4 gigawatts (GW) of new electric generating capacity in 2023, a 37% increase from the previous record set in 2021 and a 51% increase from 2022.

According to the U.S. Solar Market Insight 2023 Year in Review released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, solar accounts for 53% of all new electric generating capacity added to the grid last year. This marks the first time in 80 years that a renewable electricity source has accounted for over 50% of annual capacity additions.

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Source: SEIA

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Developers and power plant owners plan to add 62.8 gigawatts (GW) of new utility-scale electric-generating capacity in 2024.

Solar and battery storage to make up 81% of new US electric-generating capacity in 2024

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Developers and power plant owners plan to add 62.8 gigawatts (GW) of new utility-scale electric-generating capacity in 2024, according to our latest Preliminary Monthly Electric Generator Inventory. This addition would be 55% more added capacity than the 40.4 GW added in 2023 (the most since 2003) and points to a continued rise in industry activity. We expect solar to account for the largest share of new capacity in 2024, at 58%, followed by battery storage, at 23%.

Solar. We expect a record addition of utility-scale solar in 2024 if the scheduled 36.4 GW are added to the grid. This growth would almost double last year’s 18.4 GW increase, which was itself a record for annual utility-scale solar installation in the United States. As the effects of supply chain challenges and trade restrictions ease, solar continues to outpace capacity additions from other generating resources.

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Source: EIA.gov

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The global floating solar panel market is estimated to grow at a CAGR of 27.57% to reach US$2, 797.556M in 2028 from US$508.809M in 2021.

Floating solar panels market forecasts from 2023 to 2028

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The global floating solar panel market is estimated to grow at a CAGR of 27.57% to reach US$2, 797.556 million in 2028 from US$508.809 million in 2021.

During the projected period, the worldwide floating solar panels market is anticipated to benefit from an increased focus on clean fuel power generating energy sources as well as an inadequate supply of land. Regulatory bodies across the world are establishing several clean energy-related goals that will aid in reducing pollution.

Increasing Demand for Renewable Energy

It is anticipated that the technical component of floating solar technology will see a significant increase throughout the predicted time due to the increasing demand for reliable renewable energy sources for power generation. According to the data published by the National Energy Laboratory, the total installed FPV (Floating Photovoltaic) capacity worldwide in 2020 was around 2.6 GW, with the majority of this capacity being in China, the Taiwan region, and Japan (Cox 2021). The fast FPV expansion across Asia has been facilitated by a lack of available land, stringent renewable energy objectives, declining PV prices, and targeted subsidies.

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Source: Research and Markets

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