Solar accounted for 45% of new electricity-generating capacity added to the U.S. grid in the third quarter of 2022, “more than any other electricity source,” a report from Wood Mackenzie and SEIA says. But the industry is on track to end its growth streak this fiscal year after a dismal first three quarters.
“Commercial, community and utility-scale solar were all down quarter-over-quarter — an unsurprising outcome given the nearly ubiquitous project delays from supply chain constraints,” the report says.
Utility-scale solar is now forecasted by Wood Mackenzie to total 10.3 GW in 2022, falling 40% compared to the 17 GW installed in 2021. In addition, 2021 utility-scale solar installations already fell short of forecasts by 3 GW due to multiple project delays as a result of cost increases.
