The US solar industry expects to add a record 32 gigawatts (GW) of production capacity this year, up 53% on new capacity in 2022 and helped by investment incentives under the Inflation Reduction Act, a report published on Thursday showed.
The report by the Solar Energy Industries Association (SEIA) and Wood Mackenzie estimated total operating solar capacity would grow from 153 GW currently to 375 GW by 2028 as supply chain challenges brought on by the COVID-19 pandemic and restrictive trade policies abate.