Wood Mackenzie examined the impact of the Inflation Reduction Act on the solar supply chain and clarified the numbers. There have been 144 GW of announced module manufacturing capacity, 71 GW of cell manufacturing capacity and 61 GW of wafer manufacturing capacity by 2027. However, Wood Mac predicts only about 45% of module capacity, 25% of cell capacity, and 5% of wafer capacity will actually come to fruition.