The US utility-scale solar sector added 23.7GW of new capacity, alongside 11.6GW of capacity in the commercial and industrial and residential rooftop sectors.

35.3GW of new solar capacity in 2023

42GW of new renewable power generation capacity, alongside 35MW of new biomass and waste-to-energy capacity

new wind installations, which accounted for around 7GW of new capacity

China overtook the US to become the largest storage market in the world, despite developers commissioning 7.5GW of new battery storage facilities in the US

In the first 11 months of 2023, the US imported over 50GW of PV modules, an increase of 144% over the same period in 2022

Analysts from BloombergNEF note that the US has US$469 billion in “overcapacity investment” planned over the next three years


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