Summer 2023 Solar Industry Update

Agenda 1 Global Solar Deployment 2 U.S. Policy Updates 3 U.S. PV Deployment 4 PV Pricing 5 Global Manufacturing 6 U.S. PV Imports 7 Virtual Power Plants ⚫ In Q2 2023, the IRS released initial guidance on several key provisions within the Inflation Reduction Act, including: bonus credits, direct payment, and transferability of the ITC and PTC. On June 28th, the U.S. Environmental Protection Agency (EPA) released a Notice of Funding Opportunity for the $7 billion Solar for All grant program through the Greenhouse Gas Reduction Fund (GGRF). In Q2 2023, the California Independent System Operator approved a $7.3 billion plan to build transmission connecting 17+ GW of solar capacity. NREL 7

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