SunEdison expects strong US Solar growth post-ITC

Facebook
Twitter
LinkedIn
Reddit
Email

Major renewable energy development company SunEdison expects significant US market growth post-ITC, contrary to the general view that the US PV market would be hit hard by the tax benefit reduction. 

SunEdison’s CEO, Ahmad Chatila said at the company’s Capital Markets Day that it was targeting an all-in distributed generation (DG) installation cost of only US$1.5/W in 2017, which would enable retail grid parity in over 25 US States.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Chatila noted that its best-in-class fully-loaded OPEX (Operating Expense) would help support the US$1.5/W DG installation cost as well as its highly flexible vertically integrated technology supply chain. 

Marketing, sales, G&A and R&D costs combined are also targeted to reach US$0.40/W in 2017, down from US$0.62/W in the second half of 2014. SunEdison noted that these costs would be reduced to US$0.52/W in 2015.

SunEdison also noted at its Capital Markets Day that it expected significant DG installation growth across markets served in 2015. The company is targeting over 400MW of DG projects in 2015, up from around 150MW in 2014.

Therefore the US PV market and SunEdison in particular are expected to continue to grow strongly after the planned reduction in the ITC.  

Read Next

July 4, 2025
Chinese PV provider Skycorp Solar Group has announced a solar plant acquisition and development strategy following unanimous board approval.
July 4, 2025
Germany’s latest innovation tender has awarded 488MW of co-located capacity, with all the projects being solar PV tied with energy storage.
July 4, 2025
Risen Energy’s mass-produced heterojunction (HJT) modules have reached a cell conversion efficiency of 26.61%, a record figure for the company.
July 4, 2025
The US House of Representatives has passed the final version of the reconciliation bill that is now going to US President Donald Trump’s desk for his signature before its passing.
July 4, 2025
Australian retailer AGL Energy has confirmed its acquisition of South Australia’s Virtual Power Plant (SAVPP) from Tesla.
July 3, 2025
Renewable energy curtailment in Brazil is set to reach 8% across the country, and be as high as 11% in the north-east, by 2035.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK