US solar installations fell 12% in the second quarter amid ongoing supply chain constraints, while the new federal climate law will be a “massive growth catalyst” for the industry from 2023 through 2027, according to a new report by Wood Mackenzie (WoodMac) and the Solar Energy Industries Association (SEIA).
The constraints resulted from a Department of Commerce (DoC) probe into whether Chinese companies were avoiding US tariffs through new factories in Southeast Asia and the Uyghur Forced Labour Prevention Act (UFLPA) taking effect in June, underscoring the industry’s overreliance on foreign suppliers.
