Renewable Energy SmartPod

A Tale of Two Solar Markets in the US


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Sponsored by: EDF Renewables

When it comes to the utility-scale and residential solar sectors in the US, Daniel Cruise, partner at Lium Research, says current trends tell a tale of two markets. While research from the team at Lium points to a booming utility-scale market that is enjoying record construction starts, the residential market is struggling in California and beyond. Other highlights from our conversation include:

  • With sourcing of solar modules a hot topic in the news, Cruise notes that NextEra is switching to Indian suppliers for many of its large scale solar projects.
  • Cruise predicts 40 gigawatts of new solar will be interconnected to the grid in 2024, with an additional 50 gigawatts to follow in 2025.
  • Noting a decline in the fervor surrounding overall renewables markets in the last year or two, Cruise shares his insights on suspected causes  ... and possible remedies. 

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Renewable Energy SmartPodBy Sean McMahon

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