Following on from the successful year for solar that was 2016, the US market added 2,044MW of new capacity in Q1 2017 alone. As installations grow, prices continue to fall to new lows and utility-scale system prices dropped below US$1/Watt for the first time according to GTM Research.
Analysts and developers alike have been saying that Mexico will be the next biggest solar market for years now. But according to GTM Research’s Manan Parikh, the time is finally approaching for solar to ‘take-off’ in Mexico.
Whilst this claim that 'solar is for the rich' has previously never been supported by any data-based analysis, a new report by GTM Research and PowerScout could suggest that there may be some truth in this.
This week's Movers & Shakers segment sees big waves in Europe with a new president for SolarPower Europe and Lightsource hiring a new strategy officer in its move to evolve from a pure solar company to a global energy leader. There's resignations in some of Asia's biggest module manufacturers including Trina Solar and Yingli Green, and the Coalition for Community Solar Access celebrates its first anniversary and talks to PV Tech on how to keep the community solar boom going.
The US solar market had its biggest year ever in 2016, nearly doubling its previous record, installing more than 14GW of solar PV. This momentum is set to continue, according to GTM Research and the Solar Energy Industries Association’s (SEIA) latest report that details how the cumulative solar market is expected to nearly triple in size.
In 2016, the US solar market nearly doubled its annual record, installing 14,626MW of solar PV. This represents a whopping 95% growth increase over 2015’s cumulative 7,493MW, according to latest figures from GTM Research and the Solar Energy Industries Association (SEIA).
Despite a whopping 4,143MW of solar PV installed in the US in the third quarter of last year, Q4 2016 is expected to surpass that historic total, according to latest figures from GTM Research and the Solar Energy Industries Association (SEIA).
As Donald Trump officially becomes the 45th president of the United States today, the solar industry remains quietly confident that any momentum gained so far will continue, even under the fossil-fuel promoting, climate change-denying Republican.
Shattering all previous quarterly results, a whopping 4,143MW of solar PV were installed in Q3 2016, at a rate of one megawatt every 32 minutes, according to new analysis by GTM Research and the Solar Energy Industries Association (SEIA).