A banner year for US solar
Despite the supply and demand challenges that PV faced in 2020, the U.S. solar market had its largest installation year to date, writes IHS Markit’s Maria Chea. More than 22 GW of PV installations were completed last year, with utility-scale projects representing 77% of that volume. A renewables-friendly administration, an extended ITC schedule, increasingly competitive pricing, and a massive late-stage project pipeline will drive strong growth for the United States in 2021.
IHS Markit forecasts that the United States will install more than 20 GW of utility-scale PV installations in 2021, making it another banner year for solar. Notably, the utility-scale segment already has over 11 GW (DC) of projects under construction. Other contributing factors to the growth of solar this year are the transition of coal states to renewables generation in the near-term; states like Illinois, Virginia, Pennsylvania, and Kentucky allhave large PV pipelines in 2021 through 2025. Moreover, continued corporate procurement for PV generation and aggressive net zero goals by large utilities across the country will ensure the maintenance of growth for solar over the next five years.
As we know, the United States has anti-dumping against aluminum, but or because of this, this has also brought opportunities for some companies to changed the direction of production and sales. According to what we have learned, some Chinese manufacturers have directly become OEM factories in the United States, specifically selling some solar accessories to the United States, such as stainless steel solar hooks and American screws.
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