A Tale of Two Solar Markets in the US
Update: 2024-07-30
Description
Sponsored by: EDF Renewables
When it comes to the utility-scale and residential solar sectors in the US, Daniel Cruise, partner at Lium Research, says current trends tell a tale of two markets. While research from the team at Lium points to a booming utility-scale market that is enjoying record construction starts, the residential market is struggling in California and beyond. Other highlights from our conversation include:
- With sourcing of solar modules a hot topic in the news, Cruise notes that NextEra is switching to Indian suppliers for many of its large scale solar projects.
- Cruise predicts 40 gigawatts of new solar will be interconnected to the grid in 2024, with an additional 50 gigawatts to follow in 2025.
- Noting a decline in the fervor surrounding overall renewables markets in the last year or two, Cruise shares his insights on suspected causes ... and possible remedies.
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