U.S. solar industry to grow 25% less than expected due to supply chain issues, rising costs, report finds
The U.S. solar industry will grow 25% less than previously forecast during 2022, according to a report released Tuesday by the Solar Energy Industries Association and Wood Mackenzie.The U.S. solar industry installed 5.4 gigawatts of new capacity during the third quarter of 2021, a 33% year-over-year increase.
The quarterly update showed that prices continue to rise as the industry grapples with the same cost pressures impacting every corner of the economy. Additionally, trade uncertainty has also weighed on the solar industry.
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