INDUSTRY NEWS

US community solar capacity to exceed 14GW by 2029

2024-08-15

Analyst Wood Mackenzie expects the US community solar sector to add 7.3GW of new capacity by 2029, which would push the total cumulative installed community solar capacity to above 14GW.

These figures come from the analyst’s latest report, published in collaboration with the Coalition for Community Solar Access (CCSA). According to the report, the national community solar market will grow at an average annual rate of 5% until 2026, and then contract by an average of 11% per year until 2029, as beneficial legislation put in place by the Inflation Reduction Act (IRA) was said to be “difficult to count on” by Caitlin Connolly, senior research analyst at Wood Mackenzie and lead author of the report.

 

 

(The above content is reproduced from pv-tech,By   JP Casey)

 

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