Energy Transition in Motion (Week of Dec. 6, 2024)

Here is a look at some of this week鈥檚 renewable energy news, including a record-setting quarter for solar module capacity in the U.S.

The U.S. has set another quarterly record for solar module manufacturing capacity, hitting 9.3 gigawatts (GW) in the third quarter of 2024, according to a joint report released this week by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.

The record was set as the solar sector sees strides in strengthening the U.S. solar manufacturing supply chain, overcoming obstacles associated with a global oversupply driven by China鈥檚 gigantic manufacturing capacity and policy uncertainty in the U.S. The growth also came as solar companies utilize tax incentives to reduce reliance on non-U.S. companies amid an ongoing push to lower emissions.

鈥淔ederal solar policies and increased private investments are strengthening our nation鈥檚 energy security and creating thousands of new job opportunities for American workers,鈥� SEIA President and CEO Abigail Ross Hopper said in a news release. 鈥淭he United States is stepping up to take market share from foreign competitors and making sure that the jobs and economic growth from solar are benefiting American communities.鈥�

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Energy Transition in Motion (Week of Dec. 6, 2024)

Here is a look at some of this week’s renewable energy news, including a record-setting quarter for solar module capacity in the U.S.

The U.S. has set another quarterly record for solar module manufacturing capacity, hitting 9.3 gigawatts (GW) in the third quarter of 2024, according to a joint report released this week by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.

The record was set as the solar sector sees strides in strengthening the U.S. solar manufacturing supply chain, overcoming obstacles associated with a global oversupply driven by China’s gigantic manufacturing capacity and policy uncertainty in the U.S. The growth also came as solar companies utilize tax incentives to reduce reliance on non-U.S. companies amid an ongoing push to lower emissions.

“Federal solar policies and increased private investments are strengthening our nation’s energy security and creating thousands of new job opportunities for American workers,” SEIA President and CEO Abigail Ross Hopper said in a news release. “The United States is stepping up to take market share from foreign competitors and making sure that the jobs and economic growth from solar are benefiting American communities.”

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