The first quarter of 2024 marked a significant milestone for the U.S. solar industry, with installations rising by 21% year-over-year, according to S&P Global Commodity Insights data. This surge has pushed the nation''s cumulative solar capacity past the 100 GW mark.
Developers in China ordered approximately 100GW in 2023, "the largest annual order intake on record." It marks consecutive years of at least 90GW of order intake in the country. Onshore demand from China''s wind bases has driven most of this growth.