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United States of America (USA) Solar Photovoltaic (PV) Market Size and Trends by Installed Capacity, Generation and Technology, Regulations, Power Plants, Key Players and Forecast, 2021-2030

The US solar PV market’s installed capacity was valued at 96,339.23 MW in 2020 and is expected to grow at a CAGR of more than 20% during 2021-2030. The annual solar PV capacity addition decreased from 2011 to 2020. Crystalline PV modules accounted for the largest share of the US solar PV market followed by thin-film modules. Asset transactions had the highest number of deals in the market followed by venture financing and debt offering. The cumulative number of deals in the solar PV sector during the 2010-2020 period in the US was approximately 3,036, at a total value of $816,369 million. The number of deals decreased from 2010 to 2020, and the total deal value increased from 2010 to 2020.

The US government has provided generous support to the renewable energy industry over the past 10 years, owing to the country’s need for stability and independence in its energy policy, and has prepared a supportive regulatory framework and provided financial backing. Section 203 of the Energy Policy Act of 2005 established the renewable electricity requirement which mandates that the federal government must consume at least 7.5% of its total electricity from renewable sources.

Overview of Solar PV market in the USOverview of Solar PV market in the US

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What are the market dynamics in the US solar PV market?

The main federal incentive programs that encourage the growth of renewable energy are Production Tax Credit (PTC) and Investment Tax Credit (ITC). At the state level, most governments have introduced RPS programs, under which utilities have an obligation to purchase a certain percentage of their power, generally 10-20%, within a specified time frame from renewable sources within that state. The Renewable Energy Certificates (REC) initiative is related to the RPS program and allows utilities to obtain certificates that can be used to achieve the mandate prescribed by the RPS. Alternatively, the utility may sell the certificates if it procures more renewable power than the percentage mandated by RPS. The American Recovery and Reinvestment Act (ARRA), which was enacted in 2009, provides financial incentives such as grants, loans, and funds to promote renewable energy and energy-efficiency measures.

The extension of the US PTC and ITC in December 2015 provided impetus to the wind and solar power sectors in the country. The bill includes an extension of the wind PTC for a period of five years, and a PTC phase-down for wind projects beginning construction after December 31, 2016. For wind power projects starting construction in 2018 and 2019, the PTC decreased by 40% and 60%, respectively. These extensions triggered increased investment in renewable energy The PTC was phased down by 40% for wind facilities in 2020 and the scheme is set to expire for all renewable energy technologies starting construction after December 31, 2021.

What are the different sources in the renewable power market of the US?

The renewable power market in the US grew from 2010 to 247,691.97 MW by 2020. The market for renewable power sources is expected to grow at a CAGR of more than 5% during the period 2020-2030 and reach a cumulative installed capacity of more than 436,560 MW by the year-end 2030. The US renewable power market was led by onshore wind power with a cumulative installed capacity of more than 122,340 MW as of 2020. The second leading source in the renewable capacity mix of the country in the year 2020 was solar PV with a cumulative installed capacity of more than 96,330 MW, it is expected to grow by 2030 at an estimated CAGR of more than 20%. The small hydro power segment is expected to grow from 8,470 MW in 2020 at a CAGR of more than 0.50% during the period 2021-2030. Another source in the renewable capacity mix of the US was geothermal power with a cumulative installed capacity of more than 3,860 MW in 2020.

US Renewable power market, by sourcesUS Renewable power market, by sources

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What are the different deals in the solar PV market in the US?

The solar PV market recorded a total number of 342 deals (including partnership deals) in 2020. Out of 342 deals, asset transactions had 147 deals, venture financing had 57 deals, debt offerings had 47 deals, acquisitions had 27 deals, equity offerings and partnerships had 25 deals each. Private equity had 13 deals. Moreover, mergers had 1 deal.

Solar PV market in the US, by deal type

Solar PV market in the US, by deal type

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Key players in the market are WEC Energy Group Inc, The AES Corp, Santee Cooper, PPL Corp, PNM Resources Inc, NRG Energy Inc, Infrastructure and Energy Alternatives Inc, Georgia Power Co, First Solar Inc, and Avangrid Inc.

Solar PV market in the US, by key players

Solar PV market in the US, by key players

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Market report scope

Market size (Year – 2020) 96,339.23 MW
Growth rate (CAGR)  >20%
Base year for estimation 2020
Forecast period 2021-2030
Key sources Onshore Wind, Solar PV, Small Hydro, Biopower, Geothermal, and Solar Thermal and Offshore Wind
Key deals Asset Transactions, Venture Financing, Debt Offerings, Acquisitions, Equity Offerings, Partnerships, Private Equity, and Mergers

Scope

The report analyses the US solar photovoltaic (PV) market. The scope of the research includes:

  • A brief introduction to global carbon emissions and global primary energy consumption.
  • An overview of the country’s renewable power market, highlighting installed capacity trends (2010-2030), generation trends (2010-2030), and installed capacity split by various renewable power sources.
  • Detailed overview of the country’s solar PV market with installed capacity and generation trends, and major active and upcoming solar PV projects.
  • Deal analysis of the country’s solar PV market.
  • Key policies and regulatory framework supporting the development of solar PV.
  • Snapshots of some of the major market participants in the country.

Reasons to Buy

  • The report will enhance your decision-making capability in a more rapid and time sensitive manner.

  • Identify key growth and investment opportunities in country’s solar PV market.

  • Facilitate decision-making based on strong historic and forecast data for solar PV market.

  • Position yourself to gain the maximum advantage of the industry’s growth potential.

  • Develop strategies based on the latest regulatory events.

  • Identify key partners and business development avenues.

  • Understand and respond to your competitors’ business structure, strategy, and prospects.

Key Players

WEC Energy Group Inc, The AES Corp, Santee Cooper, PPL Corp, PNM Resources Inc, NRG Energy Inc, Infrastructure and Energy Alternatives Inc, Georgia Power Co, First Solar Inc, Avangrid Inc

Table of Contents

| Table of Contents

| List of Tables

| List of Figures

1. Introduction

1.1 Carbon Dioxide Emissions, Global, 2001–2020

1.2 Primary Energy Consumption, Global, 2001–2020

1.3 Report Guidance

2. Renewable Power Market, United States

2.1 Renewable Power Market, United States, Installed Capacity, 2010-2030

– Renewable Power Market, United States, Cumulative Installed Capacity by Source, 2010-2030

– Renewable Power Market, United States, Cumulative Installed Capacity Share by Source, 2020 and 2030

– Renewable Power Market, United States, Net Capacity Additions by Source, 2021-2030

– Renewable Power Market, United States, Capacity Growth by Source, 2020-2030

2.2 Renewable Power Market, United States, Power Generation, 2010-2030

– Renewable Power Market, United States, Power Generation by Source, 2010-2030

– Renewable Power Market, United States, Growth in Power Generation by Source, 2020-2030

3. Solar PV Market, United States

3.1 Solar PV Market, United States, Installed Capacity, 2010-2030

3.2 Solar PV Market, United States, Power Generation, 2010-2030

3.3 Solar PV Market, United States, Market Size, 2010-2025

3.4 Solar PV Market, United States, Power Plants

– Solar PV Market, United States, Major Active Plants

– Solar PV Market, United States, Snapshot of Upcoming Plants

– Solar PV Market, United States, Key Under-construction Projects

3.5 Solar PV Market, United States, Deal Analysis, 2020

– Solar PV Market, United States, Deal Volume vs. Deal Value, 2010–2020

– Solar PV Market, United States, Split by Deal Type, 2020

4. Solar PV Module Market, United States, 2012-2024

4.1 Solar PV Module Market, United States, Market size by Type, 2012-2024

– Solar PV Module Market, United States, Crystalline Modules, Market size, 2012-2024

– Solar PV Module Market, United States, Thin-film Modules, Market size, 2012-2024

5. Renewable Energy Policy Framework, United States

5.1 Renewable Energy Market, US, Overview

5.2 Federal Initiatives, US

– Investment Tax Credits

– Possible Introduction of Solar Manufacturing Tax Credit

– Residential Renewable Energy Tax Credit

– Renewable Energy Target

– Rural Energy for America Program: Grants

– Federal Initiatives for Solar Power

– SunShot Initiative, 2030

– Solar Funding

5.3 Common State-Level Incentives

– Renewable Portfolio Standards

– Public Benefit Funds for Renewable Energy

5.4 Renewable Energy Policy Framework, Arizona

– Net Metering/Billing

– Mohave Electric Cooperative – Renewable Energy Incentive Program

– Residential Solar and Wind Energy Systems Tax Credit

– Renewable Energy Production Tax Credit

– Duncan Valley Electric Cooperative – Sunwatts Rebate Program

– Solar Construction Permitting Standards

– Solar & Wind Equipment Certification

5.5 Renewable Energy Policy Framework, Arkansas

– Net Metering

– Arkansas Energy Technology Loans for Green Technology

5.6 Renewable Energy Policy Framework, California

– LADWP Feed-in Tariff

– Feed-in Tariff Plus (FiT+) Pilot Program

– Net Metering

– Virtual Net Metering

– LADWP- Net Metering

– Rejection of Net Metering

3.0

– Financial Incentives and Policy Support for Solar, California

New Solar Home Partnership

Property Tax Exclusion for Solar Energy Systems

Building Energy Code and Solar Requirement

City of Lancaster – Mandatory Solar Requirement for New Homes

5.7 Renewable Energy Policy Framework, Colorado

– City of Boulder – Solar Sales and Use Tax Rebate

– Xcel Energy: Solar Reward Program

– Colorado Residential Energy Upgrade (RENU) Loan program

– Property Tax Exemption for Residential Solar PV Plants

– Energy Smart Colorado Renewable Energy Rebate Program

– Other Utilities Renewable Energy Rebate Program

5.8 Renewable Energy Policy Framework, Connecticut

– Residential Solar Investment Program

– Renewable Energy Certificates

5.9 Renewable Energy Policy Framework, Delaware

– Net Metering

– Delaware Electric Cooperative- Green Energy Program Incentives

– Delmarva Power – Green Energy Program Incentives

– DEMEC Member Utilities – Green Energy Program Incentives

– Renewable Portfolio Standards

– Solar Renewable Energy Credits (SRECs) Spot Market Program

5.10 Renewable Energy Policy Framework, Florida

– City of Tallahassee Utilities – Solar Loans

– Property Tax Abatement for Renewable Energy Property

– Florida Keys Electric Cooperative Solar Loan

5.11 Renewable Energy Policy Framework, Georgia

– Net Metering

– Central Georgia EMC – Photovoltaic Rebate Program

– Jackson EMC – Right Choice Sun Power Rebate Program

5.12 Renewable Energy Policy Framework, Hawaii

– Distributed Generation Tariff

– Customer Grid Supply Plus

– Community-Based Renewable Energy

– Solar and Wind Energy Credit

– Hawaii Electric Company-Feed-in-Tariffs

– Farm and Aquaculture Alternative Energy Loan

– GreenSun Hawaii

– Green Energy Money $aver (GEM$) On-Bill Program

– Property Tax Exemption for Alternative Energy Improvements

– City and County of Honolulu – Solar Loan Program

5.13 Renewable Energy Policy Framework, Idaho

– Residential Alternative Energy Tax Deduction

– Idaho Solar Easements & Access Laws

5.14 Renewable Energy Policy Framework, Illinois

– Renewable Portfolio Standards

– RPS for large IOUs

– RPS for ARES

5.15 Renewable Energy Policy Framework, Indiana

– NIPSCO – Feed-In Tariff

– Net Metering

5.16 Renewable Energy Policy Framework, Iowa

– Solar PV

– Renewable Energy Property Tax Exemption

– Mandatory Utility Green Power Option

5.17 Renewable Energy Policy Framework, Louisiana

– Solar Energy System Exemption

– Net Metering

5.18 Renewable Energy Policy Framework, Maryland

– Commercial Clean Energy Rebate Program

– Parking Lot Solar PV with EV Charger Grant Program

– Baltimore County – Property Tax Credit for Solar and Geothermal Devices

Prince George’s County – Solar and Geothermal Residential Property Tax Credit

5.19 Renewable Energy Policy Framework, Massachusetts

– MLP Solar Rebate Program

– Concord Municipal Light Plant – Solar PV Rebate Program

– Taunton Municipal Lighting Plant – Residential PV Rebate Program

– Residential Renewable Energy Income Tax Credit

– MLP Solar Rebate Program

– Concord Municipal Light Plant – Solar PV Rebate Program

– Taunton Municipal Lighting Plant – Residential PV Rebate Program

– Residential Renewable Energy Income Tax Credit

5.20 Renewable Energy Policy Framework, Michigan

– Low-Income and Energy Efficiency Fund (LIEEF)

– Alternative Energy Tax Exemption

5.21 Renewable Energy Policy Framework, Missouri

– Empire District Electric – Solar PV Rebates

– Columbia Water & Light – Solar Energy Loans

– Columbia Water & Light – Solar Rebates

5.22 Renewable Energy Policy Framework, Montana

– Net Metering

– Residential Alternative Energy System Tax Credit

– Renewable Energy Systems Exemption

5.23 Renewable Energy Policy Framework, Nebraska

– Lincoln Electric System – Customer-Owned Generation

– Dollar and Energy Savings Loans

– Property Tax Exemption for Renewable Energy Generation Facilities

5.24 Renewable Energy Policy Framework, Nevada

– Renewable Portfolio Standards

– NV Energy: Renewable Generations Rebate Program

5.25 Renewable Energy Policy Framework, New Mexico

– PNM – Small Systems Solar REC Purchase Program

– El Paso Electric Company – Small and Medium System REC Purchase Program

– Local Option – Renewable Energy Financing District/Solar Energy Improvement Special Assessments

5.26 Renewable Energy Policy Framework, New York

– The Climate Leadership and Community Protection Act

– Sun PV Incentive Program

– Sun Loan Program

– Residential Solar Tax Credit

– Sun Commercial and Industrial Incentive Program

– PSEG Solar Communities Feed-In Tariff V

5.27 Renewable Energy Policy Framework, North Carolina

– Renewable Portfolio Standards

– Net Metering

– Property Tax Abatement for Solar Electric Systems

– Solar Energy Development Ordinance

– Duke Energy – NC Solar Rebate Program

5.28 Renewable Energy Policy Framework, Ohio

– Energy Conservation for Ohioans (ECO-Link) Program

– Local Option – Special Energy Improvement Districts

5.29 Renewable Energy Policy Framework, Oregon

– Oregon Solar + Storage Rebate Program

– Solar Electric Incentive Program

– Mandatory Utility Green Power Option

– PGE Renewable Development Fund

– Pacific Power – Blue Sky Community Project Funds

– Central Lincoln People’s Utility District – Renewable Energy Rebate Program

– Ashland Electric Utility – Solar PV Rebate Program

– Renewable Energy Loans

– Renewable Energy Grant Programs

– Renewable Energy Fund

5.30 Renewable Energy Policy Framework, South Carolina

– Renewable Energy Loan Programs

– Renewable Energy Rebate Programs

5.31 Renewable Energy Policy Framework, South Dakota

– Large Commercial Wind and Solar Alternative Taxes

5.32 Renewable Energy Policy Framework, Texas

– Solar Incentives

Austin Energy – Value of Solar Residential Rate

Austin Energy – Commercial Solar PV Incentive Program

5.33 Renewable Energy Policy Framework, Utah

– Renewable Energy Systems Tax Credit

– City of St. George – Net Metering

– Murray City Power – Net Metering Pilot Program

5.34 Renewable Energy Policy Framework, Vermont

– Uniform Capacity Tax and Exemption for Solar

– Interconnection Standards

5.35 Renewable Energy Policy Framework, Vermont

– Uniform Capacity Tax and Exemption for Solar

– Interconnection Standards

– GMP Solar Power

– Standard Offer Program

5.36 Renewable Energy Policy Framework, Virginia

– Local Option – Residential Property Tax Exemption for Solar

5.37 Renewable Energy Policy Framework, Washington

– Pacific Power – Blue Sky Community Project Funds

– Clark Public Utilities – Solar Energy Equipment Loan

– Tax Abatement for Solar Manufacturers

5.38 Renewable Energy Policy Framework, Wisconsin

– Public Benefits Funds

– Renewable Rewards Program

6. Solar PV Power Market, United States, Company Profiles

6.1 WEC Energy Group Inc

– WEC Energy Group Inc – Company Overview

– WEC Energy Group Inc – Business Description

– WEC Energy Group Inc – SWOT Analysis

– WEC Energy Group Inc – Major Products and Services

– WEC Energy Group Inc – Head Office

6.2 The AES Corp

– The AES Corp – Company Overview

– The AES Corp – Business Description

– The AES Corp – SWOT Analysis

– The AES Corp – Major Products and Services

– The AES Corp – Head Office

6.3 Santee Cooper

– Santee Cooper – Company Overview

– Santee Cooper – Business Description

– Santee Cooper – SWOT Analysis

– Santee Cooper – Major Products and Services

– Santee Cooper – Head Office

6.4 PPL Corp

– PPL Corp – Company Overview

– PPL Corp – Business Description

– PPL Corp – SWOT Analysis

– PPL Corp – Major Products and Services

– PPL Corp – Head Office

6.5 PNM Resources Inc

– PNM Resources Inc – Company Overview

– PNM Resources Inc – Business Description

– PNM Resources Inc – SWOT Analysis

– PNM Resources Inc – Major Products and Services

– PNM Resources Inc – Head Office

6.6 NRG Energy Inc

– NRG Energy Inc – Company Overview

– NRG Energy Inc – Business Description

– NRG Energy Inc – SWOT Analysis

– NRG Energy Inc – Major Products and Services

– NRG Energy Inc – Head Office

6.7 Infrastructure and Energy Alternatives Inc

– Infrastructure and Energy Alternatives Inc – Company Overview

– Infrastructure and Energy Alternatives Inc – Major Products and Services

– Infrastructure and Energy Alternatives Inc – Head Office

6.8 Georgia Power Co

– Georgia Power Co – Company Overview

– Georgia Power Co – Business Description

– Georgia Power Co – SWOT Analysis

– Georgia Power Co – Major Products and Services

– Georgia Power Co – Head Office

6.9 First Solar Inc

– First Solar Inc – Company Overview

– First Solar Inc – Business Description

– First Solar Inc – SWOT Analysis

– First Solar Inc – Major Products and Services

– First Solar Inc – Head Office

6.10 Avangrid Inc

– Avangrid Inc – Company Overview

– Avangrid Inc – Business Description

– Avangrid Inc – SWOT Analysis

– Avangrid Inc – Major Products and Services

– Avangrid Inc – Head Office

7. Appendix

7.1 Abbreviations

7.2 Market Definitions

– Power

– Renewable Power

– Installed Capacity

– Electricity Generation

– Electricity Consumption

7.3 Methodology

– Coverage

– Secondary Research

– Primary Research

– Modelling and Forecasting

| Contact Us

List of Tables

Table 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001–2020

Table 2: Primary Energy Consumption, Global, 2001–2020

Table 3: Renewable Power Market, United States, Cumulative Installed Capacity by Source (MW), 2010-2030

Table 4: Renewable Power Market, United States, Cumulative Installed Capacity Share by Source (%), 2020 and 2030

Table 5: Renewable Power Market, United States, Net Capacity Additions by Source (MW), 2021-2030

Table 6: Renewable Power Market, United States, Capacity Growth by Source, 2020-2030

Table 7: Renewable Power Market, United States, Power Generation by Source (GWh), 2010-2030

Table 8: Renewable Power Market, United States, Growth in Power Generation by Source, 2020-2030

Table 9: Solar PV Market, United States, Installed Capacity (MW), 2010-2030

Table 10: Solar PV Market, United States, Power Generation (GWh), 2010-2030

Table 11: Solar PV Market, United States, Market Size, 2010-2025

Table 12: Solar PV Market, United States, Major Active Plants

Table 13: Solar PV Market, United States, Snapshot of Upcoming Plants

Table 14: Solar PV Market, United States, Key Under-construction Projects

Table 15: Solar PV Market, United States, Deal Volume vs. Deal Value ($m), 2010–2020

Table 16: Solar PV Market, United States, Deals by Type, 2020

Table 17: Solar PV Module Market, United States, Crystalline Modules, Market Size ($m), 2012-2024

Table 18: Solar PV Module Market, United States, Thin-film Modules, Market Size ($m), 2012-2024

Table 19: Renewable Energy Market, US, Investment Tax Credit

Table 20: Renewable Energy Market, US, Sun shot Progress and Goals

Table 21: FiTs, LADWP, Los Angeles, California, 2021

Table 22: FiT+ Auction Details, LADWP, Los Angeles, California, 2021

Table 23: Renewable Energy Market, California, Solar PV Requirements for New Homes

Table 24: Utility Incentive Program for Renewable Power Plants, Colorado, 2021

Table 25: REC Results, Eversource Energy, Connecticut

Table 26: Green Energy Program Incentives, Delmarva Power, Delaware

Table 27: Municipal Green Energy Program Incentives, Newark and Dover, Delaware

Table 28: Renewable Portfolio Standards (%), Delaware

Table 29: Tier Definitions for SREC Spot Market Program, Delmarva Power, Delaware

Table 30: SREC Auction Results, 2019, Delaware

Table 31: CGS Plus Tariff, Hawaii, 2021

Table 32: CGS Plus Capacity, Hawaii, 2021

Table 33: CBRE Tariff and Capacity, Hawaii, 2021

Table 34: FiTs, Hawaii

Table 35: Renewable Portfolio Standards for IOUs, Illinois

Table 36: Renewable Portfolio Standards for ARES, Illinois

Table 37: FiT rates, NIPSCO, Indiana, 2021

Table 38: Commercial Clean Energy Rebates, Maryland

Table 39: LES Customer Owned Generation Scheme, Nebraska

Table 40: EPE Incentive, New Mexico

Table 41: CLPUD Renewable Energy Rebates, Oregon

Table 42: Renewable Energy Loan Programs, Pennsylvania

Table 43: Renewable Energy Grant Programs, Pennsylvania

Table 44: Renewable Energy Fund, Rhode Island, 2021

Table 45: Loan Programs, South Carolina

Table 46: Rebate Programs, South Carolina

Table 47: Value of Solar Rate, Austin Energy, Texas, January 2018

Table 48: Standard Offer Program Status, Vermont, 2021

Table 49: Solar Loan Program, Clark Utilities, Washington

Table 50: WEC Energy Group Inc, Major Products and Services

Table 51: The AES Corp, Major Products and Services

Table 52: Santee Cooper, Major Products and Services

Table 53: PPL Corp, Major Products and Services

Table 54: PNM Resources Inc, Major Products and Services

Table 55: NRG Energy Inc, Major Products and Services

Table 56: Infrastructure and Energy Alternatives Inc, Major Products and Services

Table 57: Georgia Power Co, Major Products and Services

Table 58: First Solar Inc, Major Products and Services

Table 59: Avangrid Inc, Major Products and Services

Table 60: Abbreviations

List of Figures

Figure 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001–2020

Figure 2: Primary Energy Consumption, Global, 2001–2020

Figure 3: Renewable Power Market, United States, Cumulative Installed Capacity by Source (MW), 2010-2030

Figure 4: Renewable Power Market, United States, Cumulative Installed Capacity Share by Source (%), 2020 and 2030

Figure 5: Renewable Power Market, United States, Net Capacity Additions by Source (MW), 2021-2030

Figure 6: Renewable Power Market, United States, Capacity Growth by Source, 2020-2030

Figure 7: Renewable Power Market, United States, Power Generation by Source (GWh), 2010-2030

Figure 8: Renewable Power Market, United States, Growth in Power Generation by Source, 2020-2030

Figure 9: Solar PV Market, United States, Installed Capacity (MW), 2010-2030

Figure 10: Solar PV Market, United States, Power Generation (GWh), 2010-2030

Figure 11: Solar PV Market, United States, Market Size, 2010-2025

Figure 12: Solar PV Market, United States, Snapshot of Upcoming Plants

Figure 13: Solar PV Market, United States, Deal Volume vs. Deal Value ($m), 2010–2020

Figure 14: Solar PV Market, United States, Split by Deal Type (%), 2020

Figure 15: Solar PV Module Market, United States, Crystalline Modules, Market Size ($m), 2012-2024

Figure 16: Solar PV Module Market, United States, Thin-film Modules, Market Size ($m), 2012-2024

Frequently Asked Questions

The US solar PV market’s installed capacity was valued at 96,339.23 MW in 2020.

The US solar PV market was expected to grow at a CAGR of more than 20% during 2021-2030.

Onshore wind, solar PV, small hydro, biopower, geothermal, and solar thermal and offshore wind are the key sources in the US renewable power market.

The solar PV market recorded a total number of 342 deals (including partnership deals) in 2020. Out of 342 deals, asset transactions had the maximum deals, followed by venture financing, debt offerings, acquisitions, equity offerings, partnerships, private equity, and mergers.

Key players in the market are WEC Energy Group Inc, The AES Corp, Santee Cooper, PPL Corp, PNM Resources Inc, NRG Energy Inc, Infrastructure and Energy Alternatives Inc, Georgia Power Co, First Solar Inc, and Avangrid Inc.

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