Tag Archives: Greentech Media Research

US Solar Market Adds 2.5 GW of PV in Q1 2018, Growing 13% Year-Over-Year

Solar Energy Industries Association News Release

BOSTON, Mass. and WASHINGTON, D.C. – Showing resiliency in spite of the new tariffs on imported modules, the U.S. solar market added 2.5 gigawatts of solar PV in the first quarter of the year, representing annual growth of 13 percent, according to the latest U.S. Solar Market Insight Report from GTM Research and the Solar Energy Industries Association (SEIA).

Solar PV accounted for 55 percent of all U.S. electricity capacity added during the quarter and added more than two gigawatts for the 10th straight quarter, the study said. Read the rest of the release here.

Pexels Photo

ADDITIONAL RECOMMENDED READING

Bringing life-saving power to Puerto Rico

By Christian Roselund, PV Magazine USA

In this interview, Solar Foundation President and Executive Director Andrea Luecke talks about how Solar Saves Lives came together, what the organization is doing now and what it needs.
Click here to read the entire interview.

Photo by Operation Blessing

ALSO PUBLISHED BY PV MAGAZINE USA   

Where clean energy jobs are growing the fastest

By Irina Ivanova, CBS News

Of the 10 states where solar jobs grew fastest between 2015 and 2016, eight voted for Mr. Trump in the 2016 election, according to figures from the Solar Foundation, which tracks the industry. In the three top states — Oklahoma, Nebraska and Alaska — the number of people working in solar grew by 100 percent from 2015 to 2016.

“Solar has become a clean, inexpensive source of electricity. Especially on the utilities side, it’s competitive with gas and coal,” said Colin Smith, a solar analyst at GTM Research.

Read more here.

ADDITIONAL RECOMMENDED READING
Bureau of Labor Statistics Occupational Outlook Handbook: Solar Photovoltaic Installers

U.S. Solar Market Insight: Solar Adds 14.8 Gigawatts of Capacity in Record 2016, On Track to Triple in Size by 2022

Solar Energy Industries Association and Greentech Media Research Report

The U.S. installed 14,800 megawatts (MW) of solar PV in 2016 to reach 42.4 gigawatts (GW) of total installed capacity, enough to power 8.3 million American homes. With more than 1 million residential solar installations nationwide and record-breaking growth in the utility-scale sector, the industry is poised to grow by 300% over the next five years, reaching 100 GW nationwide.
Continue reading.

Key Figures Include

  • In a record-breaking year for solar, the U.S. market installed 14,762 MWdc of solar PV in 2016 – nearly doubling the capacity installed in 2015. Growth was primarily driven by the utility PV segment, which installed more in 2016 than the entire market in 2015.
  • For the first time ever, solar ranked as the No. 1 source of new electric generating capacity additions brought on-line on an annual basis at 39%.
  • On average, a new megawatt of solar PV capacity came on-line every 36 minutes in 2016.
  • In 2016, a record 22 states each added more than 100 MW of solar PV.
  • The once-nascent community solar market quadrupled in 2016, playing a key role in supporting the largest year ever for the non-residential PV market.
  • GTM Research forecasts that 13.2 GWdc of new PV installations will come on-line in 2017, down 10% from a record-breaking 2016. Utility PV is expected to account for 66% of that new capacity.
  • Total installed U.S. solar PV capacity is expected to nearly triple over the next 5 years. By 2022, more than 18 GW of solar PV capacity will be installed annually.

EIA: Expanding energy policies would spur renewables, efficiency

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By Robert Walton, Utility Dive

Extending tax credits for renewable energy, efficiency standards for appliances and vehicles, and making the Clean Power Plan more aggressive past 2030, would reduce carbon dioxide emissions from energy sources and boost renewable production, according to the U.S. Energy Information Administration. Solar and wind generation could grow to 1,236 billion kWh in 2040, 30% above a projected 950 billion kWh in the current reference case if tax credits are kept in place. Click to continue reading.

Photo: Blakeman Ranch’s 650-kilowatt solar array in Custer County, Nebraska. Credit: Innovative Solar LLC

MORE NEWS
Texas on Track to Become the Fastest-Growing Utility-Scale Solar Market in the U.S., Solar Energy Industries Association. WASHINGTON, D.C. – Kicking off the year with record growth across all solar sectors, Texas is on track to become the fastest-growing utility-scale solar market in the U.S. within the next five years, according to the recently released U.S. Solar Market Insight, Q2 2016, compiled by GTM Research and the Solar Energy Industries Association (SEIA) . . . Of the 4,600 MW projected to come online in Texas by 2020, 4,000 MW will be utility-scale. Read more here.

The DER pivot: Grid Edge Forum illustrates utility shift toward a distributed grid

Utility Dive 3

By Herman K. Trabish, Utility Dive

There is a reason attendance at the Grid Edge World Forum 2016, a leading distributed resource convention, doubled from 2015 to 2016, prompting organizers to move it to a conference center next year.

A fundamental transition is underway in the utility system, GTM Research Grid Edge Director Steve Propper told the audience. Increasingly, the old grid model one-way power flows from centralized generation to the customer is being supplanted by a more distributed energy system, where consumers produce and store their own energy, as well as manage their usage. Read more here.

ALSO POSTED ON UTILITY DIVE
USDA provides $52 million in electrical co-op loans to bolster rural efficiency, by Robert Walton

Robert Walton

Robert Walton

The U.S. Department of Agriculture will make $52 million in loans available to rural electric cooperatives through an energy program which aims to boost efficiency by offering low-interest loans for projects. Oregon Sen. Jeff Merkley (D) said the Rural Energy Savings Program is helping to create jobs and reduce energy waste. The lawmaker introduced the legislation to create RESP in 2010. Click to continue reading.

USDA’s Energy Efficiency and Conservation Loan Program

ADDITIONAL RECOMMENDED READING
Merkley: Rural co-ops gain $52 million for energy efficiency loans

U.S. Solar Market Sets New Record, Installing 7.3GW of Solar PV in 2015

For the first time ever, solar beat out natural gas-capacity additions

By Mike Munsell, Greentech Media

Source: GTM Research / SEIA U.S. Solar Market Insight report

Source: GTM Research / SEIA U.S. Solar Market Insight report

In yet another record-breaking year, the solar industry in the United States installed 7,286 megawatts of solar PV in 2015. GTM Research and the Solar Energy Industries Association announced the historic figures today ahead of the March 9 release of the U.S. Solar Market Insight report.

Read the entire article here.

ADDITIONAL RECOMMENDED READING
Utility Dive: U.S. solar industry built a record 7.3 GW of new capacity in 2015, by Herman K. Trabish. “The ITC extension will result in a 20 GW annual solar market in the U.S. by 2020,” GTM Research Senior Vice President Shayle Kann recently told Utility Dive. “At that rate, more solar will be installed each year than was added to the grid cumulatively through 2014.”

2015: A banner year for energy storage

Image Credit: Portland General Electric

Image Credit: Portland General Electric

By Peter Maloney, Utility Dive

Energy storage is shaping up to have its strongest year ever in what could be a turning point for the technology and the industry.

As of the third quarter, 108 MW (94 MWh) of energy storage was deployed in 2015, compared with 38 MW (65 MWh) installed during the same period in 2014, according to a new report from GTM Research.

At that pace, GTM estimates energy storage installations will hit 192 MW this year, triple the amount of storage put in place in 2014.

Continue reading.

US Solar market prepares for biggest quarter in history

By Kathie Zipp, Editor, Solar Power World

Photo Credit: Greentech Media

Photo Credit: Greentech Media

A new report shows 2015 shaping up to be the United States solar market’s best year in history with record-breaking fourth quarter projections. The U.S. installed 1,361 megawatts  (MW) of solar photovoltaic (PV) capacity in the third quarter of the year.  According to GTM Research and the Solar Energy Industries Association’s (SEIA) U.S. Solar Market Insight Report, Q3 2015, this marks the eighth consecutive quarter in which the U.S. has installed more than a gigawatt (GW) of PV capacity.

“This past quarter marked the calm before the storm,” said GTM Research Senior Solar Analyst Cory Honeyman. “The one-gigawatt mark for quarterly capacity additions will serve as a distant floor as project developers ramp up installations in the next five quarters before the planned step down of the 30 percent federal Investment Tax Credit (ITC).”

Read more here.

How solar will grow through the ITC sunset and beyond

Image Credit: Fotolia

Image Credit: Fotolia

By Herman K. Trabish, Utility Dive

The coming step-down in federal tax credits for solar energy production will cast a shadow over the industry in 2017, but after that analysts expect the sector to return to strong growth, perhaps hitting 250 GW of cumulative installed capacity by 2030.

Residential electricity customers are responding enthusiastically to the solar opportunity, and utilities are increasingly seeing value too, according to the author of a recent GTM report titled “The Future of U.S. Solar; Getting to the Next Order of Magnitude.”

Read more.