U.S. Solar Development Sees Increased Canceled and On-Hold Projects

June 10, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--U.S. solar power project development slowed sharply in 2023, according to data tracked by Industrial Info. Solar still is hot, but it's not as hot as it used to be, as a growing number of projects have been cancelled or placed on hold.

Last year, for the first time in at least a decade, the number of U.S. solar projects that were cancelled or placed on hold outnumbered the number of solar projects that were completed. In the early years of the Electric Power Industry's "run to the sun," completed projects exceeded cancelled/on hold projects by a 3-to-1 ratio or better.