Spring 2023 Solar Industry Update

Agenda 1 Global Solar Deployment 2 U.S. PV Deployment 3 PV System Pricing 4 Global Manufacturing 5 Component Pricing 6 Market Activity 7 U.S. PV Imports • IEA reported that in 2022, 240 GWdc of PV was installed globally, bringing cumulative PV installs to 1.2 TWdc. - - China's annual PV installations grew 93% y/y in 2022, representing 44% of total global demand, with the majority coming from distributed PV. The U.S. was the second-largest market in terms of cumulative and annual installations. Analysts project 2023 annual installations to grow to more than 300 GW and by 2025 more than 400 GW. • At the end of 2022, global CSP capacity reached approximately 6.4 GW, with 1.3 GW under construction. NREL 4

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