Solar container data in 2023

How much solar capacity did the US solar market install in 2023?

Key figures In 2023, the US solar market installed 32.4 GWdc of capacity, a remarkable 51% increase from 2022. This was the industry’s biggest year by far, exceeding 30 GWdc of capacity for the first time.

How big was solar in 2023?

This was the industry’s biggest year by far, exceeding 30 GWdc of capacity for the first time. Solar accounted for 53% of all new electricity-generating capacity added to the US grid in 2023, making up over half of new generating capacity for the first time.

How many solar modules are produced in 2023?

In 2023, the United States produced about 7.2 GW of PV modules. Since IRA’s passage, over 70 GW of manufacturing capacity has been added across the solar supply chain (from facilities announced pre- and post-IRA), including more than 25 GW of new module capacity.

Will the community solar market grow in 2024?

Despite these interconnection delays, development pipelines in newer state markets remain very strong, supporting our expectation for 15% annual growth nationally in 2024. Overall, we expect the national community solar market to grow by 7% annually on average through 2028.

How much solar capacity has been delayed in 2023?

EIA reports that in 2023 developers delayed 19% of planned solar capacity— a reduction from the high of 23% in 2022, though still above historical averages. According to EIA data, the percentage of total solar planned capacity with a postponed operational date increased from 2021 to 2022, peaking in December 2022 at 33%.

What is the global PV market like in 2023?

China continues to dominate the global market, representing ~60% of 2023 installs, up 120% y/y. The rest of the world was up 30% y/y. The U.S. was the second-largest market in terms of cumulative and annual installations. Analysts project that cumulative global PV installations will reach 2 TWdc – 5 TWdc by 2030 and 4 TWdc – 15 TWdc by 2050.