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Summer's Here -- Thinking Solar? Review U.S. Office of Energy's Quarterly Solar Industry Update

Thursday, June 1, 2023

Content courtesy of: Office of Energy Efficiency & Renewable Energy

Global Solar Deployment

  • IEA reported that in 2022, 231 gigawatts direct current (GWdc) of photovoltaics (PV) were installed globally, bringing cumulative PV installs to 1.2 terawatts direct current (TWdc).
  • China’s annual PV installations grew 57% year-over-year (y/y) in 2022, representing 42% of total global demand, with the majority coming from distributed PV.
  • The U.S. was the second-largest market in terms of cumulative and annual installations.
  • Analyst project 2023 annual installations to grow to more than 300 (gigawatts) GW and by 2025 more than 400 GW.

U.S. PV Deployment

  • In 2022, PV represented approximately 46% of new U.S. electric generation capacity, compared to 4% in 2010.
  • Solar still represented only 9.0% of net summer capacity and 4.7% of annual generation in 2022.
  • However, 16 states generated more than 5% of their electricity from solar, with California leading the way at 27.3%.
  • The United States installed 17.0 gigawatts alternating current (GWac) (20.2 GWdc) of PV in 2022, ending the year with 110.1 GWac (140.6 GWdc) of cumulative PV installations.
  • The United States installed approximately 14.1 gigawatt-hours (GWh), 4.8 GWac of energy storage onto the electric grid in 2022, up 34% y/y.
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WECA's Solar Course Catalog