repower

America’s booming solar industry has hit a major speed bump due to supply-chain disruption and the inflationary pressures driven by Covid, war in Ukraine, and trade restrictions with China. As a result, utility scale solar deployment dipped 40%, year-on-year, in 2022.

The success of unsubsidized clean power facilities in the country – whether driven by corporate power purchase agreements or selling direct to the wholesale electricity market – has prompted the Department for Business, Energy and Industrial Strategy to ponder whether contracts-for-difference payments will be fit for purpose in the years ahead.