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TVA Board Meeting - FY24 Financial plan and budget- Reso-Memo

Solar Market Update

Managing the complexities of the speed of solar growth and emerging market risks

Global growth and TVA customer demand • Increased customer demand to meet renewable commitments • Additional growth of solar projects could impact time between signing solar contracts and projects coming online Supply chain constraints • Prices for commodities, labor, and project components remain elevated while demand is still outpacing supply • Trade policy issues around Chinese dominated supply chain continue to create supply uncertainty and price pressure IRA Impacts • IRA extends tax credits with incentives for prevailing wages and apprenticeship programs, domestic content, and energy communities • Domestic manufacturing/supply chain and labor markets will take years to catch up with domestic demand

TVA Restricted Information - Deliberative and Pre-Decisional Privileged

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