Tag Archive for: ussolar

The industry has seen US manufacturing expansion and groundbreaking announcements directly triggered by the IRA at the end of 2022.

2022 paves way for massive growth for solar + storage industry

Robust federal clean energy policy has laid the groundwork for a decade of explosive growth for the solar and storage industries. A 10-year extension of the investment tax credit, new incentives for domestic solar product manufacturing and many other provisions will help solar and storage meet the increasing demand for home-grown, clean energy.

The industry has already seen U.S. manufacturing expansion and groundbreaking announcements directly triggered by the Inflation Reduction Act at the end of 2022, with developers eager to collect the 10% ITC adder for sourcing domestic content. From mounting companies like Nextracker, with an expanding manufacturing facility in Pennsylvania, to panel makers like Heliene, with expansion plans at a Minnesota facility, the legislation is delivering more solar manufacturing to U.S. soil.

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Source: Solar Power World

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Clean energy investments soared in a recent three-month period, totaling $40 billion and equaling the entire amount invested in 2021.

New clean energy investments have topped $40B since the IRA passed, report says

Clean energy investments soared in a recent three-month period, totaling $40 billion and equaling the entire amount invested in 2021, according to an industry group.

The report by American Clean Power, a trade group, covers a period of growth the clean energy sector saw between Aug. 16, the day the Inflation Reduction Act was signed into law, and Nov. 30, including the announcement of 20 new clean energy manufacturing facilities or facility expansions.

Twelve are solar manufacturing facilities, representing more than a 300% increase in solar module manufacturing capacity in the U.S. and a potential new 22 GW. Overall, 13 GW of clean energy project capacity have been announced.

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Source: Utility Dive

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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

First Solar said Wednesday that it has selected Alabama as the site for its fourth U.S. solar panel manufacturing facility, after the Inflation Reduction Act and its incentives for domestic manufacturing encouraged companies to onshore production.

First Solar will spend around $1.1 billion on the facility in North Alabama’s Lawrence County. The company announced plans for a new facility in August, but hadn’t yet disclosed the location. First Solar CEO Mark Widmar previously told CNBC that the Inflation Reduction Act was the key catalyst that led First Solar to choose the U.S. for its latest factory.

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Source: CNBC

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Solar energy is now in the center stage of the United States’ plans for a decarbonized economy, representing 70% of high-probability utility-scale power capacity planned through 2025.

Visualizing the remarkable progress of solar energy

Solar energy is now in the center stage of the United States’ plans for a decarbonized economy, representing 70% of high-probability utility-scale power capacity planned through 2025.  

Solar’s rise to the top as a key energy resource now seems inevitable, but its fate was not always sealed. The technology contributed a negligible amount of power less than ten years ago, and the Energy Information Administration (EIA) did not begin reporting annual net generation of PV until 2014. In that year, solar contributed 27 TWh of electricity to the U.S. grid. Seven short years later, it generated 164 TWh in 2021, multiplying generation six times over. 

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Source: PV Magazine

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The Inflation Reduction Act of 2022 includes a host of measures to support the production of US renewable energy technologies and could foster a new era for made-in-America solar.

IRA could foster a new era of made-in-USA solar

In February 2021, US President Joe Biden issued an Executive Order calling for the establishment of resilient American supply chains intended to, in part, advance the fight against climate change. To achieve the current goal of 100% clean electricity by 2035, the US Department of Energy (DOE) estimates that solar energy would need to grow from 4% of electricity supply today to 40%.

This kind of growth will increase the demand for everything along the solar supply chain, from polysilicon through to modules. With both goals in parallel, the desire to foster a domestic supply chain and the necessity to ramp up renewables, the question begs: to what extent can the domestic US solar supply chain be expanded to meet clean energy goals?

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Source: PV Magazine

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The historic climate bill would deliver billions of dollars in tax and other incentives to US solar manufacturers.

How Joe Manchin’s change of heart could revive the US solar industry

The gamble by a company here churning out large volumes of solar panels was starting to look risky.

Its plan to be a launchpad for a solar manufacturing resurgence was already audacious in an industry so dominated by China, whose cheap products drove the closure of many American solar plants. Government investment championed by the White House was supposed to position domestic firms to compete, but a paralyzed Congress was refusing to write the check.

But the wager in Dalton by Qcells North America may have paid off with an ambitious climate package now on a path to President Biden’s desk. The bill, negotiated in part by Sen. Joe Manchin III (D-W.Va.), would deliver billions of dollars in tax and other incentives to U.S. solar manufacturers, equipping them with government support on a scale of those China used to corner the market.

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Source: Washington Post

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