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Report: U.S. Solar Power Shines, Will Increase 75 Percent This Year
Report: U.S. Solar Power Shines, Will Increase 75 Percent This Year
CARL FRANZEN JUNE 15, 2012, 6:02 AM 515
A new report on the state of the solar industry in America indicates that despite a global oversupply and a potential trade war with China, the U.S. solar industry had its second-best quarter ever in terms of installations, during the first quarter of 2012.
The number of installations, 506 megawatts worth, enough to power just over 350,000 homes, was bested only by the fourth quarter of 2011, which saw a whopping 708 megawatts worth of solar installed.
On top of that, the report, drafted by clean-energy market analysis firm GTM Research and the Solar Energy Industries Association and released Tuesday, a trade group, forecasts that total U.S. installed solar power will increase 75 percent his year alone, with 3.3 gigawatts-worth of solar power installed, compared to the 4.4 gigawatts that are currently installed in the country and were added over years of development.
“This will be by far the largest year we’ve ever had for solar in the U.S.,” said Shayle Kann, vice president of research at GTM, in a phone interview with TPM. “Relative to expectations, the first quarter was very strong. We saw both the commercial and residential markets grow.”
Indeed, commercial solar installations, those put in place on corporate properties...
CARL FRANZEN JUNE 15, 2012, 6:02 AM 515
A new report on the state of the solar industry in America indicates that despite a global oversupply and a potential trade war with China, the U.S. solar industry had its second-best quarter ever in terms of installations, during the first quarter of 2012.
The number of installations, 506 megawatts worth, enough to power just over 350,000 homes, was bested only by the fourth quarter of 2011, which saw a whopping 708 megawatts worth of solar installed.
On top of that, the report, drafted by clean-energy market analysis firm GTM Research and the Solar Energy Industries Association and released Tuesday, a trade group, forecasts that total U.S. installed solar power will increase 75 percent his year alone, with 3.3 gigawatts-worth of solar power installed, compared to the 4.4 gigawatts that are currently installed in the country and were added over years of development.
“This will be by far the largest year we’ve ever had for solar in the U.S.,” said Shayle Kann, vice president of research at GTM, in a phone interview with TPM. “Relative to expectations, the first quarter was very strong. We saw both the commercial and residential markets grow.”
Indeed, commercial solar installations, those put in place on corporate properties...
http://idealab.talkingpointsmemo.com/2012/06/report-us-solar-power-shines-will-increase-75-percent-this-year.php
