According to a survey report recently released by the U.S. Energy Information Administration (EIA), in the first three quarters of this year, the photovoltaic power generation in the United States increased by 26.1% compared with the same period last year.

According to information published by its publication Electricity Monthly, photovoltaic power generation in September 2022 increased by 21.02% compared to September last year, despite a decline in power generation from other renewable energies. Electricity generation from utility-scale photovoltaic systems increased by more than 655MW in September 2022.

According to the data released by the research firm SUNDAY Campaign, despite the substantial growth of renewable energy power generation in the first three quarters of this year, the U.S. Energy Information Administration predicts in a report that the growth of renewable energy power generation in the fourth quarter of this year may slow down. slow.

According to the forecast of Ken Bossong, executive director of the SUNDAY Campaign, by 2022, renewable energy generation will account for 22% of the total electricity generation in the United States, an increase of 20% compared with last year. He continued: "While current wind and hydro generation have exceeded this level, growth in wind and hydro generation will slow in the fourth quarter of this year, which may result in renewable energy generation below this level. levels, but will still exceed the record generation in 2021."

Despite an uptick in U.S. PV production in September this year, utility installations from the third quarter of 2021 to the third quarter of 2022 due to delays and disruptions in importing PV modules due to the implementation of its so-called Forced Labor Prevention Act The installed capacity of large-scale photovoltaic systems fell by 23%.

This downward trend is expected to continue until 2023, until the benefits of the investment tax credit provided by the Inflation Reduction Act in 2024 start to show.