New U.S. solar installations soared 45% in the second quarter and are on track for a record year despite a supply chain squeeze that has increased the cost of both residential and utility projects, a report published on Tuesday said. The solar industry installed 5.7 gigawatts in the second quarter, or about enough capacity to power more than 1 million homes. It is on pace to put up 26.4 GW this year, about 8% more than the industry expected three months ago, according to the report by energy research firm Wood Mackenzie and solar trade group Solar Energy Industries Association. The forecast reflects robust demand for solar from utilities and corporations seeking to meet greenhouse gas reduction goals as well as homeowners who want to generate […]