Solar Energy Industries Association News Release
The U.S. solar industry now has the largest pipeline of utility-scale solar projects in history, signaling promising future prospects for solar energy development. According to the latest U.S. Solar Market Insight Report from Wood Mackenzie and the Solar Energy Industries Association (SEIA), the contracted pipeline has ballooned to a record 37.9 gigawatts (GW), the highest in the history of U.S. utility solar photovoltaics (PV). This follows record-high procurement of 15 GW in 2018. More than 6 GW of solar capacity were added to the five-year forecast since last quarter because of the uptick in utility-scale deals. Utility solar project announcements surged to 11.2 GW in the first half of 2019, with 6.2 GW contracted in Q2 alone. In addition to the utility solar pipeline growth, residential solar deployment rebounded from the same period last year.
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Consulting firm sees U.S. wind market adding 14.6 GW in 2020, American Public Power Association. The U.S. wind market will add 14.6 gigawatts of capacity in 2020, according to Wood Mackenzie’s latest North America wind power outlook. The record-setting mark underlines the strength of the 23 GW pipeline Wood Mackenzie has identified as currently under construction or contracted for commercial operation in 2020, the consulting firm said on Sept. 12. The phase out of the Production Tax Credit beginning in 2021 has developers rushing to complete projects in 2020, driving major bottlenecks in both logistics and interconnection queues, Wood Mackenzie said.
How Much Power is 1 Gigawatt?, U.S. Department of Energy