Since August 2022 there have been 12 new photo voltaic PV manufacturing services introduced within the US that signify 22GW of module and cell manufacturing capability, in accordance with a report by business physique American Clear Energy (ACP).
Signed into regulation by President Joe Biden on 16 August, the Inflation Reduction Act (IRA) goals to spice up US renewable power manufacturing and deployment by a bunch of tax credit. The ACP report says that US$40 million in home clear power investments have been made since August, an quantity equal to investments made within the entirety of 2021.
Quite a lot of important photo voltaic producers have revealed plans for module and cell manufacturing services within the US to capitalise on IRA incentives. First Photo voltaic introduced the situation of its 3.5GW Alabama module manufacturing unit in November, and the identical month Enel North America introduced plans for a 3GW cell and module manufacturing facility.
“America is laying the inspiration to develop into a producing powerhouse,” mentioned ACP Interim CEO and chief advocacy officer JC Sandberg. “To make sure the total potential of those investments and services, we urge the administration and Congress to proceed enhancing commerce insurance policies, enacting widespread sense allowing reform and finalising efficient tax implementation.”
The ACP report gave a full listing of the introduced services, the vast majority of that are anticipated to return on-line in 2023-25. Notable examples embody a deliberate 9GW cell module manufacturing facility from Hanwha Q Cells and three services deliberate by Enphase Power.
Analysis from Wooden Mackenzie in September predicted that the total power of the IRA’s impression wouldn’t be felt till 2024.
The report additionally mentioned that near 2GW of PV energy crops had been introduced since August, the biggest being Acciona Power’s plans to spend US$1.3 billion on three tasks totalling round 1.3GW which might be anticipated on-line in 2023.
Along with the photo voltaic expansions, ACP mentioned that the clear power increase of current months has led to 6 new grid-scale battery power storage manufacturing services and one new wind asset manufacturing unit being introduced.
Round 7,000 new jobs have reportedly been created, and shopper financial savings totalling over US$2.5 billion have been introduced.
