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The scalability and improved economics of utility-scale solar projects can drive down energy costs, support the entire value chain, and generate year-over-year rewards for all stakeholders. Still, the larger the investment, the more risks an asset owner or developer takes on. DEPCOM Power, Inc’s VP of Systems Engineering, Omar Ahmed, and Senior Vice President of Construction, Nate Robinson, discuss how our strategic “4 Ps” approach can minimize risk and future-proof large-scale solar in this Utility Dive article: https://buff.ly/3Ee0OLh #DEPCOM #solarpower #renewableenergy #KochEngineeredSolutions #UtilityDive #Solar #UtilityScaleSolar

The scalability and improved economics of utility-scale solar projects can drive down energy costs, support the entire value chain, and generate year-over-year rewards for all stakeholders. Still, the larger the investment, the more risks an asset owner or developer takes on. DEPCOM’s VP of Systems Engineering, Omar Ahmed, P.E., and Senior Vice President of Construction, Nate Robinson, discuss how our strategic “4 Ps” approach can minimize risk and future-proof large-scale solar in this Utility Dive article: https://buff.ly/3Ee0OLh #DEPCOM #solarpower #renewableenergy #KochEngineeredSolutions #UtilityDive #Solar #UtilityScaleSolar

WoodMac predicts strong yet flat global PV growth through to 2032 Wood Mackenzie says the solar industry has reached a new stage in its evolution and is predicting around 350 GW of global solar installations annually for the next eight years. The research firm is also forecasting challenges for the solar manufacturing sector and long-awaited benefits from the Inflation Reduction Act in the United States. #solarenergy #solarpower #solarpanel #solarindustry #solarproject #solarinnovation #solarmounting #solarbusiness #solarenergysystem

First Solar has reported its earnings for the first quarter to March 31, 2024, exceeding Wall Street consensus expectations on both revenue and earnings per share. The manufacturer of thin-film cadmium telluride solar panels largely maintained its full-year 2024 guidance outlook for earnings. The company recorded $794.11 million of revenue in the first quarter, beating Wall Street consensus estimates by about 10%. It also delivered an 8.68% surprise over earnings per share estimates, landing at $2.20 for the quarter. First Solar reiterated its guidance for all of 2024, expecting $4.4 billion to $4.6 billion in net sales and about 15.6 GW to 16.3 GW of shipments. The company lowered its net cash balance expectations by about $300 million to a range of $600 million to $900 million, and expected capital expenditures increased by $100 million to a range of $1.8 billion to $2.0 billion for the year. “We are pleased with our start to 2024, with good operating performance, selective bookings with a year-to-date ASP (average selling price) over 31 cents per watt excluding adjusters, and solid financial results,” said Mark Widmar, chief executive officer of First Solar. “Our differentiated technology and balanced business model are enabling us to drive growth, navigate industry volatility and deliver enduring shareholder value.”

The U.S. now has #5MillionSolar installations — thanks to the more than 263,000 American #solar and #storage workers. Solar powers high-quality jobs from coast to coast, and we’re not slowing down. As the Inflation Reduction Act encourages even more homes and businesses to go solar, the economic opportunities the industry delivers will only continue to grow. Read more about the latest solar news from the @Solar Energy Industries Association: https://hubs.ly/Q02xqzw70

2024 is projected to be a big year for the US solar power market! We are looking forward to supporting the growth of this industry in the coming years. Explore more of the stats here: https://lnkd.in/ebG7Hug9 #SolarPower #Sustainability #WireProtection #CableManagement #EnergyIndustry

☀️New Report from Solar Energy Industries Association and Wood Mackenzie projects a record 32 GW of solar will be installed this year — a 52% increase from 2022. It's thanks to President Biden's Inflation Reduction Act that's spurring public + private investments in U.S. solar manufacturing.

US solar industry back on roller coaster through 2026: The Solar Energy Industries Association (SEIA) and Wood Mackenzie predict that 33 GW of solar will likely be added in the United States in 2023. Despite economic challenges in the near future, solar is expected to be the largest source of generating capacity by 2050. #CommercialIndustrialPV #Markets #ResidentialPV

In recent years, the solar industry faced numerous challenges, from supply chain disruptions to policy constraints. However, as the latest reports suggest, a resurgence is underway with unprecedented growth in commercial and utility-scale solar markets. As the United States emerges as a dominant player in the global clean energy economy, we at Alder Energy Systems remain committed to making solar simple, accessible, and efficient for all. Stay informed and explore the promising future that awaits the solar industry in our latest share. #SolarIndustry #SustainableFuture #MakingSolarSimple #ESG

Although the hard costs associated with solar projects have shrunk considerably over the past ten years, soft costs like permits, taxes, labor, and other overhead haven't shown the same steep decline. Could the situation change in the coming months and years? Companies, agencies, and other organizations hope so but acknowledge the need for more collaboration. #SolarEnergy #SolarPower #Sun #Solar #Construction