SOLARSAT™: Utility Solar full steam ahead; Q3 tracking +20% y/y; Panel installs up 2x; ARRY slow
Assuming the industry continues to click, the U.S. will soon be installing 30-40 GWac (40-50 GWdc) of utility solar per year
SOLARSAT™: July hitting on all cylinders
Broadly speaking, activity across the board was robust in July, particularly for new construction which was almost double last year.
SOLARSAT™: June BIG month for new construction starts
roughly 2.5 GWac (30 GW annually) of new solar was started in June, suggesting that tracker demand can continue to grow despite mediocre new construction in early 2023
SOLARSAT™: May construction picking up speed, but panel installations still falling behind
While new construction starts and tracker activity is progressing as expected in Q2, the conversion to panel installation is concerning.
SOLARSAT™: Great April for new construction starts; Panel flows disappointing
After a relatively slow winter, April new construction starts have picked back up to ~25 GWac annually.
SOLARSAT™: March new construction improves sharply (after slow winter)
In total, we identified around 1.6 GWac of new projects kicked off during the month
SOLARSAT™: Utility solar activity slow through February (probably seasonal, but worth watching)
Utility scale solar construction was pretty uneventful through February, with firstDIRT (new construction) and panel installations both down from January and lower than the Q4’2022 average.
SOLARSAT™: Big start to 2023 (panels installed jump another 25%); More solar likely in H1’23E than 2022 total; New construction still hibernating
surprising jump in panel deliveries over the last 30 days, with January installations 25% higher than the previous record in mid-2021.
SOLARSAT™: Another big month for panel installations; NextEra primary driver; New construction at seasonal low
On the new construction side (leading indicator to tracker installs), activity has been slower than usual with only ~800 MWac per month started in Nov / Dec.
SOLARSAT™: November new construction starts drop sharply (after six very strong months); Panel installations on uptrend
Q4 construction starts are now likely to land in the range of 2.9-3.5 GWac, down substantially from both Q3 and Q2.
