Utility solar project procurement soared in Q2 2018 as component prices declined and home solar installations steadied after a 15 percent contraction last year, according to the latest U.S. Solar Market Insight Report from Wood Mackenzie Power & Renewables (previously known as GTM Research) and the Solar Energy Industries Association (SEIA). This is the first quarter where the data clearly show that tariffs took a bite out of the solar market . . . Looking ahead though, the report forecasts an acceleration of solar deployment in the second half of 2018 driven by utility-scale projects. According to the report, 8.5 gigawatts of utility PV projects were procured in the first six months of the year, the most ever procured in that timeframe. Read morehere.
Infographic Source: Wood Mackenzie Power & Renewables
A community solar program in coal country would have been unheard of as recently as five years ago. But in light of a recent report that most U.S. utilities say they will close coal-fired generation plants to comply with current Environmental Protection Agency (EPA) regulations, coal country is becoming increasingly fertile solar ground. Utilities plan to take enough coal-fired plants to generate 20.5 TWh of energy annually off the books in 2017 alone. Read more here.
A terawatt (TW) is the equivalent of one trillion (1012)) watts.
1 terawatt (TW) for 1 hr = 1 terawatt hour (TWh) or 1 gigawatt (GW) for 1000 hrs = 1 terawatt hour (TWh).
A terawatt-hour (TWh) is equal to 1,000,000,000 kilowatt hours (kWh), or 1,000,000 megawatt hours (MWh) or 1,000 gigawatt hours (GWh). The average household uses approximately 1,000 kilowatt hours of electricity per month.
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.