NewEnergyNews: Nothing Can Hold Solar Back

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    Thursday, June 14, 2018

    Nothing Can Hold Solar Back

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

    June 12, 2018 (Solar Energy Industries Association and GTM Research)

    “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…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, [according to the latest data from the Solar Energy Industries Association and GTM Research…Overall, the report estimates that solar’s growth in 2018 will mirror 2017’s 10.6 GW before growing more robustly in 2019 and then accelerating in the early 2020s…[U]tility-scale solar projects thus far have been relatively insulated from tariffs but analysts expect the tariffs to have a bigger impact on the segment in 2019…The non-residential solar segment posted its fourth-highest installation total ever, with 509 megawatts installed. This represents year-over-year growth of 23 percent. Community solar continues to be a strong driver…New additions of residential PV remained flat…[V]oluntary procurement by utilities is the largest driver of utility-scale PV…[C]orporate procurement/offsite commercial and industrial now accounts for 2.0 GWdc, or 10%, of projects in development…” click here for more

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