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A record-setting 11 gigawatts of new solar module manufacturing capacity came online in the United States during Q1 2024, the largest quarter of solar manufacturing growth in American history.
More than 9.5 gigawatts (GW) of new wind power capacity will be commissioned in Central America and the Caribbean through 2028, driven by central planning authorities in smaller markets and the attractive value proposition of the technology in Mexico, new research from Wood Mackenzie found.
The recently passed One Big Beautiful Bill Act (OBBBA), which eliminates several key market drivers, including the Section 25D customer-owned investment tax credit (ITC) for residential solar systems after 2025, will hinder near-term US residential solar growth according to a new report from Wood Mackenzie. However, the long-term potential remains strong, with growth expected to return after 2028.
President Trump's One Big Beautiful Bill Act (OBBBA) represents a dramatic shift that will fundamentally reshape US energy markets.
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