US solar power purchase agreement (PPA) prices continued to climb in Q4 2022, as supply chain blockages and uncertain legislation increase costs for developers, according to renewables transaction infrastructure provider LevelTen Energy.
The US’s blocked solar supply chain combined with the threat of operational modules being damaged by extreme weather could leave project developers and asset owners at risk of revenue loss as replacement equipment becomes hard to source.
The US installed 4.6GW of solar capacity during Q3 2022, a 17% decrease from the same period last year, as trade barriers continue to hamper deployment, according to research from the Solar Energy Industries Association (SEIA) and Wood Mackenzie.
Array Technologies has posted strong financial results with Q3 revenue driven up by STI Norland’s acquisition and strong organic growth within its legacy business.
Solar module prices for international markets are expected to fall in tandem with forecasted polysilicon price reductions as of 2023, according to research from Clean Energy Associates (CEA).
The US solar market was widely expected to thrive this year, but various policy headwinds have destabilised the module procurement market and created uncertainty to such an extent installations stalled. Liam Stoker reflects on events of the last 12 months.
