Solar Energy Gets Big Boost From Climate Law ... 08/14/23..GFFA....to read in full...
Data: SEIA/Wood Mackenzie Power & Renewables U.S. Solar Market Insight Report; Chart: Will Chase/Axios The year since passage of the big climate law has brought over $100 billion in U.S. solar and storage company investments.
Why it matters: New data from the Solar Energy Industries Association (a major industry trade group) on private investment suggests the law's subsidies for manufacturing and generation are significantly boosting industry activity levels.
- The chart above shows how SEIA and the consultancy Wood Mackenzie see the law boosting power projects.
The big picture: On the manufacturing side, the last year has seen billions worth of project announcements from companies like First Solar, Maxeon and Qcells.
- Overall, in the year since passage, there have been 51 new or expanded manufacturing projects announced, SEIA said.
- "By 2026, the U.S. will have over 17 times its current manufacturing capacity across modules, cells, wafers, ingots, and inverters when thes....****gffa...