US Solar Sector Gets Industry Boost as Concern Lingers

A consortium plans to spend billions on solar modules and says more action is needed following the Biden administration’s decision to pause tariffs on solar panels from four counties.

US Solar Sector Gets Industry Boost as Concern Lingers

The US Solar Buyer Consortium—comprised of The AES Corp., Clearway Energy Group, Cypress Creek Renewables and D. E. Shaw Renewable Investments—is looking for manufacturers to supply up to 7 GW of solar modules annually starting from 2024. (Source: Hart Energy, AES Corp., Shutterstock.com)

Supply chain issues continue to plague the U.S. solar industry, but steps are being taken to help improve the situation as the nation aims to triple domestic solar manufacturing capacity by 2024.

A consortium of U.S. power producers announced plans this week to spend over $6 billion on solar modules in efforts to strengthen the domestic solar supply chain and drive growth. The US Solar Buyer Consortium—comprised of The AES Corp., Clearway Energy Group, Cypress Creek Renewables and D. E. Shaw Renewable Investments (DESRI)—is looking for manufacturers to supply up to 7 gigawatts (GW) of solar modules annually starting from 2024.

“Our joint commitment to procure at this scale can provide the certainty suppliers need to ramp up capacity and overcome current supply chain constraints,” DESRI CEO David Zwillinger said in a statement.

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Velda Addison

Velda Addison is the senior editor of digital media for Hart Energy’s editorial team. She covers energy with a focus on renewables.