Solar energy accounted for over half of new U.S. electric generating capacity in 2023, according to a report by consulting firm Wood Mackenzie and the Solar Energy Industries Association (SEIA). The report highlights the impact of incentives in 2022’s Inflation Reduction Act on the pace of solar energy deployment and identifies potential hurdles for the sector. Last year, the U.K. added a record 32.4 gigawatts of new solar power generating capacity, up 51 percent from 2022. The 2023 total also marked an increase of 37 percent from 2021.

Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating







