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US Solar Makes Up Over Half Of New Generating Capacity
US Solar Makes Up Over Half Of New Generating Capacity
September 8th, 2014 by Joshua S Hill
Solar is kicking ass.
US Solar Makes Up Over Half Of New Generating Capacity
September 8th, 2014 by Joshua S Hill
The US solar industry has enjoyed a relatively strong quarter in the first half of 2014, despite trade disputes endangering projects currently in the pipeline.
New figures from GTM Research and the Solar Energy Industries Association’s Q2 2014 U.S. Solar Market Insight report show that the US installed 1,133 MW of new solar PV capacity in the second quarter of this year, pushing the cumulative operating capacity for PV and concentrating solar power (CSP) to 15.9 GW.
The most impressive numbers, however, are the shares of new US electric generation capacity across the first half of 2014. Total solar installed capacity for the period represented 53% of all new electricity generating capacity, beating out all competitors by a healthy margin.
“Solar continues to soar, providing more and more homes, businesses, schools and government entities across the United States with clean, reliable and affordable electricity,” said SEIA President and CEO Rhone Resch.
“Solar continues to be a primary source of new electric generation capacity in the US,” added Shayle Kann, Senior Vice President of GTM Research. “With new sources of capital being unlocked, design and engineering innovations reducing system prices, and sales channels rapidly diversifying, the solar market is quickly gaining steam to drive significant growth for the next few years.”
Nothing will quite match the fourth quarter of 2013 in terms of overall installations, given the number of trade disputes and the dissolving of many of the subsidies that pushed such growth, however GTM still contends the last two quarters have been strong ones for the US solar industry. PV installations reached 1,133 MW in the second quarter, and while there were no new CSP installations, during the first quarter of the year the sector celebrated the installation of the largest ever CSP project, the 392 MW Ivanpah project, and the second phase of Genesis Solar’s second 125 MW phase.
California once again topped the charts of installations during the first two quarters of 2014, accounting for more than 50% of installations for the fourth consecutive quarter.
Solar is kicking ass.