Generation costs collapsed. Interconnection did not, and the single most cited reason in the queue data we reviewed is large power transformer availability.
A supply chain nobody invested in
Grain-oriented electrical steel, skilled winding labour and testing capacity are all concentrated in a handful of plants that sized themselves for a market growing 2% a year.
Utilities have started ordering speculatively, which helps them and lengthens the queue for everyone smaller.
You cannot install your way out of a component that takes four years to build.
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