NewEnergyNews: Booming Solar Faces Tricky Future

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    Thursday, December 14, 2017

    Booming Solar Faces Tricky Future

    U.S. Solar Market Notches Another Quarter of 2 GW Growth, But Uncertainty Holds Back Installations; Trade case, tight global supply of modules drive up prices in all segments

    December 14, 2017 (Solar Energy Industries Association via PR Newswire)

    “The U.S. installed more than 2 gigawatts (GW) of solar photovoltaics (PV) in the third quarter of 2017, despite experiencing higher prices across all market segments and major policy uncertainty…around the Section 201 trade case now being weighed at the White House…In all, 2,031 megawatts (MW) of PV were installed in the U.S. in the third quarter of the year, the eighth consecutive quarter that the solar industry added more than 2 GW…[But the] cumulative YTD comparison puts the industry down 22 percent compared to this point last year - which is in line with the expected 21 percent decline for all of 2016 vs all of 2017…GTM Research forecasts that 11.8 GWdc of new PV installations will come on-line in 2017…[It was adjusted down from Q2’s 12.4 GW forecast] to reflect continued challenges in the residential market and a push back in utility-scale completion timelines due to uncertainties surrounding the trade case…The non-residential segment grew 22 percent year-over-year, installing 481 MW in Q3. Non-residential consists of commercial and industrial businesses that install solar, nonprofits, and community solar programs…The report says 4 GW of utility-scale PV projects are currently under construction across the nation and GTM Research forecasts an additional 3.9 GW will come on-line by the end of the year. This would make 2017 the second largest year ever for solar installations behind only the record-shattering 2016…” click here for more

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