Tag: supply chain issues

New U.S. Solar Panel Installations Set to Crater Thanks to Inflation, Supply Chain Issues

Michigan Star Staff

Solar panel installations are set to decrease in 2022 off of major supply chain issues and rising prices caused by inflation, according to an industry report.

New utility or large-scale industrial solar installations are expected to experience a decline of 14% year-over-year in 2022, the report published Thursday by the Solar Energy Industries Association (SEIA) and Wood Mackenzie showed. Utility-scale solar projects saw an average price increase of 18% over the last year.

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U.S. Economic Growth Slowed to Two Percent in Third Quarter as Supply Chain Worsens

Michigan Star Staff

The U.S. economy grew at a 2% rate in the third quarter of 2021 as supply chain issues and the delta variant slowed gains.

The U.S. gross domestic product (GDP), a measure of net services and goods produced, grew at a 2% rate during the third quarter of 2021, the slowest gain of the pandemic era, the Bureau of Economic Analysis (BEA) reported Thursday.

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