Solar Modules Still Delayed At US Ports! U.S. Companies Call For Action
Nov 10, 2022
The chief executive of US solar installer Sunrun has called for accelerated action to reduce import delays, which continue to affect the US PV industry.
Speaking on an investor conference call yesterday, CEO Mary Powell said that following the implementation of the moratorium and subsequent UFLPA in the US, there are still delays in the timely release of modules parked at US ports.
"We want to take faster action to reduce import delays. We will still continue to source high quality components and maintain adequate supplies to meet current demand."
According to a study published last month by Wood Mackenzie and the Solar Energy Industries Association, the supply of solar modules in the US is expected to return to a steady state sometime in 2023.
Sunrun's installed PV capacity for the third quarter of 2022 was 256MW
Powell's comments come after Sunrun announced its third quarter results. Installed solar capacity for the quarter was 256MW, up 17% year-on-year. Management expects installed capacity in 2022 to be 25 per cent higher than the 792MW installed in 2021.
"The devastating hurricanes in Puerto Rico and Florida impacted sales and installation activity for several weeks. Despite this, we achieved this result and several of our existing customers were able to obtain safe power supply. If it weren't for the hurricanes, sales would clearly be at their highest point."
Sunrun added 35,760 new customers in the third quarter. At the end of September, the company's customer base was close to 760,000, an increase of 21% over last year. Thanks in part to increased sales of solar systems and products, revenue for the quarter rose 44 per cent year-on-year to $631.9 million.
