The US solar industry had the most growth of any quarter in its history in Q1 2023, as delayed projects from 2022 came online and supply chain constraints showed signs of loosening.
The US Department of Treasury, Department of Energy and the Internal Revenue Service (IRS) have announced guidance on the Inflation Reduction Act (IRA), strengthening energy security and incentivising manufacturing and clean energy investments in coal communities.
US House of Representatives is set to vote on the proposal to raise the ceiling debt on Wednesday, a step that prevents the US from reaching its debt limit and avert a default.
Utility-scale solar PV capacity added in 2022 reached nearly 13GW in the US, a drop from the previous year as supply chain constraints, and sourcing difficulties for solar panels slowed down the pace.
The US Department of Energy has announced that improvements will be made to two campuses of National Renewable Energy Laboratory (NREL) with funding provided by the Inflation Reduction Act (IRA).
The US Department of Treasury and Internal Revenue Service (IRS) have released guidance pertaining to the domestic content bonus included in the Inflation Reduction Act (IRA); solar PV projects will need to meet requirements for both their PV and their steel components in order to benefit.
The majority of the US solar industry has said that supply chain issues worsened in 2022, whilst a similar proportion also said that they expect to expand their businesses in 2023 directly because of the Inflation Reduction Act (IRA).
Clean energy trade bodies ACP, ACORE and SEIA have denounced an attempt by Republicans to roll back the Act, which has spurred unprecedented investment in the US market.
Microinverter supplier Enphase Energy is expected to ship 100MWh of batteries in the current quarter with the gross margin reaching more than 40%, while its net income in the first quarter of 2023 increased by 183.4% year-on-year.
