U.S. Solar Industry on Course to Have Record-Shattering Year

Solar Energy Industries Association – Sep 12, 2013

Green Tech Media Research (GTM) and a Solar Energy Industries Association (SEIA) now recover U.S. Solar Market Insight: 2nd Quarter 2013, a decisive analysis of solar appetite markets in a U.S., with vital state-specific information for 28 U.S. states and a District of Columbia.

Showing continued expansion in a solar market, this quarter’s news finds that a U.S. commissioned 832 megawatts (MW) in a second entertain (Q2) in 2013, representing 15 percent expansion over a initial entertain of this year. It was solar’s second best entertain ever.

The largest share of photovoltaic (PV) installations came from a application sector, with 38 finished projects totaling 452 MW, a burst of 42 percent over final quarter. The residential marketplace gifted a slight hiccup in Q2 2013, violation a strain of incremental quarterly expansion with a prosaic quarter, and in a non-residential (commercial) market, usually 13 out of a 28 states tracked in a news showed quarterly growth. However, a news forecasts a resumption of expansion in a second half of 2013, with 4.4 GW of PV approaching to come online this year, adult from 3.3 GW in 2012, an altogether annual expansion rate of thirty percent.

As always, a solar marketplace gifted poignant variability opposite states in Q2 2013. California installations augmenting 7 percent over Q1 2013 notwithstanding a finish of incentives in some states—an indicator of solar’s augmenting competitiveness. Overall, 20 of a 28 states tracked in a news are on gait to boost their annual designation of solar appetite over 2012.

“Distributed era is a large story in a U.S. solar marketplace this year,” pronounced Shayle Kann, Vice President of Research during GTM. “We design poignant growth, generally in a residential sector, though a destiny will be commanded by a increasingly-complex sequence between a solar attention and utilities.”

Looking during a U.S. solar marketplace on a whole, U.S. Solar Market Insight: 2nd Quarter 2013 forecasts some-more than 5 gigawatts (GW) of PV and concentrating solar appetite (CSP) will be commissioned by a finish of 2013. At that time, accumulative solar PV ability will transcend 10 GW.

“America’s solar appetite attention stays on march to have another record-shattering year,” pronounced SEIA President and CEO Rhone Resch. “Today, there’s some-more than 9,370 megawatts (MW) of sum solar electric ability opposite a U.S.—enough to appetite some-more than 1.5 million American homes, including a White House.”

“We’re assisting to emanate new jobs, grow a U.S. economy, strengthen a nation’s long-term appetite confidence and quarrel climate change,” Resch concluded. “That’s a win-win in anyone’s book.”

Key Report Findings:

  • PV installations totaled 832 MW in Q2 2013, adult 15 percent over Q1 2013
  • Cumulative handling PV ability in a U.S. now stands during 8,858 MW
  • 4,372 MW of PV are foresee to be commissioned in 2013, adult from 3,366 MW in 2012, a 30 percent expansion rate
  • The application marketplace finished 38 projects totaling 452 MW; there are now 4.1 GW of utility-scale projects in construction
  • The residential marketplace was prosaic quarter-over-quarter, violation a strain of incremental quarterly growth
  • The non-residential marketplace was down in Q2, stability a comparatively light year for a segment
  • BrightSource Energy’s 392 MWac Ivanpah CSP plan is on report to broach electricity to a grid in late 2013

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Reference article: http://ecowatch.com/2013/solar-industry-to-have-record-shattering-year/