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Solar Industry Loses $4.6 Billion in 2023 Due to Equipment Underperformance

Underperformance from faults with PV equipment increased to 4.47% from 3.13% in 2022

April 5, 2024

/ Arjun Joshi
/ Markets & Policy, Solar
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The solar industry faced a notable increase in underperformance from faults and issues with photovoltaic (PV) equipment, rising to 4.47% in 2023 from 3.13% in 2022. This resulted in an annual revenue loss of up to $4.6 billion or $4,696 per MW.

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