A recent report by Wood Mackenzie and the Coalition for Community Solar Access finds that 1.7 GW of community solar was installed in the U.S. in 2024.
The U.S. added 30 GW of solar in 2024 and solar is expected to remain the largest source of new generating capacity added over the next two years.
Wood Mackenzie’s latest report forecasts that 493 GW (DC) of solar will be added throughout the world this year, compared to 495 GW in 2024. Solar module prices are expected to rise this year as manufacturers aim to recover profit losses from the past two years.
Virtual power plant capacity must double to meet demand, the Department of Energy said in its latest report on virtual power plants.
Industry thought leaders indicate that the changes in the final rules for the 45V tax credits are positive, but they will not reduce dependence on polluting fossil fuels.
A new report by Think Microgrid says most states are doing an insufficient job at deploying microgrids despite developing microgrid roadmaps.
A report by the Solar and Storage Industries Institute shows that flexible interconnection, which adjusts solar output based on grid conditions, can offer significant economic benefit to community solar developers.
Also on the rise: U.S. solar cell manufacturing begins, with sights set on supply chain gap.
According to the U.S. Solar Market Insight Q4 2024 report, domestic module manufacturing will be able to keep up with the rapid pace of growth in the U.S. solar industry, and cell production is ramping up.
Wood Mackenzie’s floating solar report projects that global floating solar markets will reach 57 GW of capacity by 2033. The U.S. market remains small due to limited land availability and high capex.
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