US Solar Power Installations Surge In Q1: Report
Portfolio Pulse from Shivani Kumaresan
The US solar industry installed 6.1 GW of solar capacity in Q1, marking its best first quarter in history. The growth was driven by decreasing supply chain challenges and delayed projects moving forward. The Inflation Reduction Act (IRA) is expected to triple the solar market size over the next five years, with domestic module capacity rising from under 9 GW to over 60 GW by 2026.
June 08, 2023 | 5:09 pm
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POSITIVE IMPACT
First Solar may benefit from the record 6.1 GW of solar capacity installed in Q1 and the expected tripling of the solar market size over the next five years due to the Inflation Reduction Act.
First Solar, as a major solar panel manufacturer, is likely to benefit from the increased demand for solar capacity driven by the Inflation Reduction Act and the overall growth of the solar market. The record 6.1 GW of solar capacity installed in Q1 and the expected tripling of the market size over the next five years indicate a positive outlook for the company.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
NextEra Energy may see growth opportunities as the US solar industry installs a record 6.1 GW of solar capacity in Q1 and the market is expected to triple in size over the next five years due to the Inflation Reduction Act.
NextEra Energy, as a leading renewable energy company, is likely to benefit from the increased demand for solar capacity driven by the Inflation Reduction Act and the overall growth of the solar market. The record 6.1 GW of solar capacity installed in Q1 and the expected tripling of the market size over the next five years indicate a positive outlook for the company.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
SunPower may benefit from the record 6.1 GW of solar capacity installed in Q1 and the expected tripling of the solar market size over the next five years due to the Inflation Reduction Act.
SunPower, as a major solar panel manufacturer, is likely to benefit from the increased demand for solar capacity driven by the Inflation Reduction Act and the overall growth of the solar market. The record 6.1 GW of solar capacity installed in Q1 and the expected tripling of the market size over the next five years indicate a positive outlook for the company.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80