US solar targets a ‘challenge’

Industry faces headwinds including supply chain tariffs and rising commodity prices

The Biden administration's plan to produce up to 45pc of US electricity from solar power by 2050 is a “stiff challenge” for the domestic solar industry, according to Michelle Davis, principal analyst on consultancy Wood Mackenzie’s solar team. Solar currently contributes c.4pc to US grid supply. The 45pc goal was released in the US Department of Energy’s (DoE) Solar Futures Study report in September using modelling by the National Renewable Energy Laboratory (NREL). Biden has set a goal of achieving a net-zero power sector by 2035. “We certainly agree with NREL’s study that capacity additions need to double and then quadruple in the next decade to meet these clean energy targets,” says D

Welcome to the PE Media Network

In 2021 Petroleum Economist is joined by Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry