According to BloombergNEF, around 240 GW of new PV capacity could be deployed in 2023.
Image: Weather Service International
This picture shows the temperature (in Fahrenheit) departure from normal during this recent cold snap.
Late Sunday night, extraordinarily cold temperatures made their way into Texas. As the temperature dropped, the people of Texas switched on the heat, with much of it being electric, in an effort to stay warm. Unfortunately, people weren't the only ones to feel the cold grip of mother nature. Extremely low temperatures, ice, and snow caused power plants to go offline. As the demand for power rapidly shot up, supply drastically fell.
Breiter Planet Properties President Andrew Breiter-Wu goes into detail about the recent IPO offering of Array Technologies. Array manufactures tracking and racking equipment for solar systems. This technology allows homeowners, property owners, and businesses to get the most production out of their investment into clean energy. Tracking systems allow the panels to track the direction of the sun so they are receiving the most direct sunlight throughout the day.
The U.S. appears all set for a record year for solar.