Utility Dive•8 days ago
US has onshored full solar supply chain: SEIA
Key Takeaway
The establishment of a full domestic solar supply chain in the US significantly de-risks solar project development and enhances eligibility for key incentives, offering greater stability and predictability for developers and large power consumers.
AI Summary
- •The U.S. now possesses a complete domestic solar supply chain, from silicon ingots and wafers (with Corning's Michigan factory) to finished modules.
- •This onshoring reduces reliance on foreign imports, potentially stabilizing solar component costs and improving supply chain predictability for developers and large power consumers.
- •The development strengthens eligibility for domestic content incentives under the IRA, enhancing project economics and reducing risk for IPPs and large energy users seeking renewable power.
- •It signals a maturing domestic solar manufacturing base, which could lead to faster project deployment timelines and more competitive Power Purchase Agreement (PPA) offerings.
Topics
solarpolicyiraoemppafinancing