New domestic community solar installations are expected to reach 7.3 GW in existing state markets by 2029, according to the latest report released by Wood Mackenzie and the Coalition for Community Solar Access (CCSA).
Program pipelines remain strong in mature state markets, for now. Wood Mackenzie forecasts the national community solar market to grow at an average annual 5% rate through 2026 and then contract by 11% on average through 2029. Expanded program capacity and establishment of new state markets have the potential to add further uplift beyond 2026.
Under a bull case forecast scenario, Wood Mackenzie’s five-year outlook increases by 21% in existing markets compared to the base case, while there is a 20% decrease under a bear case. Alternative scenarios do not account for the establishment of new state markets.
According to the report, 3.6 GW of community solar is expected to serve low-to-moderate income subscribers by 2029. As of this year’s first quarter, Wood Mackenzie estimates that 829 MW of community solar directly serves LMI subscribers.
“The US community solar market has tripled in size since 2020, but growth is beginning to slow in existing state markets,” says Caitlin Connolly, senior research analyst at Wood Mackenzie, and lead author of the report.
“Additionally, the May 2024 decision on California community solar resulted in a significant 14% reduction to Wood Mackenzie’s five-year national outlook. Without a major market entrant like California, long-term community solar growth will largely depend on the enactment of legislation to enable new state markets.”
The post Community Solar to Reach 14 GW by 2029, Says Wood Mackenzie appeared first on Solar Industry.
I see.
There’s not enough land in Spain to support rooftop and ground-mounted solar at a fraction of the cost.
LOL.
It’s possible that right now, there are other civilizations observing the human race, studying us from afar, and noticing our decline into savagery and eventual extinction by turning billionaires into trillionaires.
People say that the principal weakness of human beings is that we can’t plan for the future as a species. Dogs are arguably even worse, though they aren’t consumed with greed. They don’t plot the starvation of millions of other dogs so they themselves can have enough food to last a billion years.
As an elderly man, I’ll be leaving this planet soon, but I won’t cease pondering this until my heart stops beating.
The drawing here reminds me of a conversation I had with my mother in the early days of 2GreenEnergy when she saw that my focus had become an ongoing effort to improve the wellbeing of all the planet’s inhabitants–now and into the future.
She asked me, “Why don’t you just live your life?”
I explained, “This is my life.”
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