![]() Wood Mackenzie initially projected 22.5 GW of new solar capacity in 2022. Such projections come amid shipping delays and rising equipment costs. “Developers are very pessimistic about their ability to complete the projects they had slated for 2022,” said Sylvia Leyva Martinez, who tracks the utility solar industry in North America for Wood Mackenzie, a consulting firm. The Solar Energy Industries Association, a trade group, warned last month that supply chain constraints were driving cost increases and could limit the industry growth in 2022 ( Climatewire, Dec. solar companies will install 21.5 gigawatts of utility-scale capacity this year, shattering the annual record of 15.5 GW set last year.īut EIA’s projection comes amid a period of considerable uncertainty for the industry. Energy Information Administration projects U.S. ![]() That is, if supply chain constraints don’t undercut the industry.
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