New solar installations in the U.S. dropped 16% to 20.2 gigawatts in 2022 from the prior year, largely because a ban on some Chinese goods limited the availability of panels, according to a market report
The quarterly report by the Solar Energy Industries Association and research firm Wood Mackenzie revised up previous estimates for the year and projected a broad market recovery ahead as the country's solar industry was"While 2022 was a tough year for the solar industry, we do expect some of the supply chain issues to ease, propelling 2023 growth to 41%," said Michelle Davis, principal analyst at Wood Mackenzie and lead author of the report.
Utility-scale solar installations fell by about a third year-over year to 11.8 gigawatts, the lowest since before the COVID-19 pandemic, the report said. Still, last year's general upward revision was a result of more utility-scale projects coming online in the last quarter of 2022 than expected.
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