Contributed by Craig Carson, President & CEO, Vesper Energy
We seem to be in a golden age of renewables, accelerating the energy transition. Consumers are expecting businesses to commit to and meet environmental goals. And demand for clean energy solutions is skyrocketing. According to the Solar Energy Industry Association (SEIA), the U.S. installed more than 20 GWdc of solar PV capacity in 2022, enough to power 25 million American homes. Last year marked the fourth consecutive year that solar led new electric capacity installations.
So why do so many of us in the renewable development industry feel like the path forward is complicated and lacking in stability? As is the case in many areas of our lives, the COVID-19 pandemic had a role to play. We continue to see the ripple effects of supply chain delays and rising prices as our global economies deal with economic fallout, complications, and changes.