US Expects To Add 32 More Gigawatts Of Solar Power In Next 12 Months

AI Summary

• •The US is projected to add 32 GW of solar power capacity within the next 12 months, indicating a rapid expansion of renewable generation.
• •This significant influx of solar capacity will likely increase daytime energy supply, potentially leading to lower wholesale power prices during peak solar generation hours, benefiting large power consumers.
• •The context of an 'energy emergency' declaration and an EIA report suggests strong governmental support and prioritization for rapid solar deployment, creating a favorable environment for developers and IPPs.
• •For developers, this signals a robust and growing market with continued opportunities for new project development and power purchase agreements (PPAs).
• •Large power consumers can anticipate increased access to renewable energy options and potential for more competitive long-term power procurement strategies.

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