THE NEW JERSEY - PORTUGAL NEXUS
Solar Surprise: Portugal and New Jersey Please Investors Short-Term; Two small markets promise favorable system returns despite other constraints…
September 6, 2011 (Lux Research)
"Portugal’s solar market is one of the hottest for investors through 2013, according to Lux Research’s latest Solar Demand Forecaster. The country’s steadily rising internal rates of returns (IRR) for the six major solar technologies push that country to a nearly 400 MW annual market in 2016…"
"New Jersey – where high Solar Renewable Energy Credit prices pushed IRRs into the 40% range in 2010 and early 2011 – begins to suffer the effects of dramatic oversupply, forcing a collapse in prices with no floor in place. California – the largest market in the U.S. – will continue to see steady growth thanks to stability and visibility with step-down incentives and recent RPS (Renewable Portfolio Standards) legislation…"
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