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US set to install 32GW utility-scale solar PV in 2024
The American Clean Power Association (ACP) has forecasted that the US is set to add 32GW of utility-scale solar PV capacity in 2024.
The report highlights that the short term LCOE has been improved due to polysilicon price decline, however this could be thwarted by the implementation of new tariffs by upcoming US president Donald Trump. John Hensley, Senior Vice President of Policy & Market Analysis at ACP, said: “This inaugural report highlights how solar has solidified itself as a clean and cost-competitive energy resource for the US. Despite uncertainties regarding the implementation of new tariffs or other policies from Trump, the renewables industry is expected to remain competitive in the US over the coming four years, according to a recent report from energy analyst firm Wood Mackenzie.
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