Time for the USA to unleash its solar potential and move up the leader board for solar energy production towards a bright renewable day.
Demand for photovoltaics skyrocketed in 2021 and without supply chain issues over 200 GW might have been built.The yellow line in the graph above shows what percentage of national capacity was installed in 2021, identifying highly active newcomer markets Poland, , Chile , and Brazil .
China installed 54.88 GW throughout 2021 with 25.6 GW being utility-scale and 29.3 GW installed on rooftops. With many massive desert complexes still under development China is expected to reassert its dominance for utility solar over the next few years. Rethink Energy expects Chinese solar installations to reach 75 GW in 2022, rising to 208 GW by 2030 with a total capacity of 1.5 TW, by that time.
US installations grew by 24.4% to 24.3 GW, with the already large utility-scale segment growing year-on-year by 27.8% and the rooftop sector losing ground up 16.3%. Come on Tesla — where are the solar rooftops! India installed 11.9 GW of solar, boosted by leftover projects from the 2020 lockdown period and by a rush to install them ahead of a new tariff on solar imports. Indian utility-scale solar is among the cheapest in the world, which means modules can cost as much as 40% to 50% of a project’s total investment cost, making this market highly sensitive to the supply chain disruption of 2021 to 2023. The Indian government has waived its import tariffs to compensate, but only temporarily.
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