Solar

THE SUN NEVER SETS ON SOLAR GROWTH 2024 – Shining a light on investment opportunities

Highlights of the report

From January to August 2023 in the United States, the increase in utility-scale solar capacity surpassed additions from other power sources, reaching nearly 9 gigawatts (GW), marking a 36% rise compared to the same period in 2022. Small-scale solar generation also experienced a 20% growth.

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The solar industry had been undergoing a rapid transition in 2023 with many tie-ups between companies and individual technological advancements to sustain in the space. Going forward, we will be seeing much more technological advancements and new trends in this space. The industry is temporarily facing issues but is well positioned for long term.

The concurrent influence of increased federal investments in clean energy and the growing demand for decarbonization from both public and private sectors is stronger than ever. As we enter 2024, these factors may help renewables surmount challenges associated with the substantial changes required to achieve the country’s climate goals. The  developments and challenges anticipated for the upcoming year create a scenario for a varied and dynamic advancement across various renewable technologies, industries, and markets.

According to the Energy Information Administration, there is an anticipation of a 17% growth in renewable deployment, reaching 42 gigawatts (GW) in 2024, constituting nearly 25% of electricity generation.

Executive Summary
– Key development
– Latest trends
– CrispIdea outlook
– Conclusion
• Key Players
– Enphase Energy Inc
– SunPower Corp
– Solaredge Technologies Inc
– First Solar Inc
– Nextera Energy Inc
• Company Reports
– Enphase Energy Inc
– SunPower Corp
– Solaredge Technologies Inc
– First Solar Inc
– Nextera Energy Inc

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THE SUN NEVER SETS ON SOLAR GROWTH 2024 – Shining a light on investment opportunities

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