The Biden-Harris administration recently announced a $56 million investment in solar manufacturing and recycling innovation. Furthermore, First Solar Inc. (FSLR), the largest solar panel manufacturer in the United States, announced that it would build a new solar panel manufacturing facility in the United States in response to the Inflation Reduction Act, which encourages domestic manufacturing.
However, it is anticipated that the industry will continue to be constrained due to equipment shortages and supply chain bottlenecks. Additionally, over 75% of the polysilicon is produced globally by Chinese companies, posing a concentration risk to the solar industry.
