SEIA and Wood Mackenzie, a consulting agency of the American Solar Energy Industry Association, said in a report that by 2027, the installed capacity of solar energy will surge from the current 129GW to 335GW.
Although the report is optimistic about the long-term growth of the US photovoltaic industry, the installed capacity forecast for this year has dropped to 15.7 GW. This is mainly due to the continuous impact of the US Department of Commerce's anti circumvention investigation on major component suppliers. The so-called Uighur Forced Labor Prevention Act (UFLPA) in the United States may continue to restrict the supply chain and project development in 2023. According to the report, the promotion of the recently enacted "Inflation Reduction Act" of the United States on project development may not be reflected until 2024 at the earliest.