US photovoltaic market is growing by 116%

In the second quarter of 2012, the PV market in the USA grew by 116% in comparison to the same period of the previous year. The US solar industry association SEIA published this figure on 10 September as part of the current solar market study, US Solar Market Insight. In total, a photovoltaic output of 741.7 MW was newly connected to the grid – this is the second best value overall after 791.3 MW in Q4 2011 and 45% more than in the first quarter of this year (512 MW). "In this quarter, more solar was installed in the USA than in all of 2009," SEIA chairperson Rhone Resch commented on the figures.

Solar power plants accounted for 477 MW of the new installations in the second quarter. Until the end of the year, 1.1 GW of new PV capacity could be installed, in total 3,400 MW are under development according to the study. In contrast, the growth in the home photovoltaic facilities sector stagnated with new installations at 98.2 MW. However, there is a noteworthy trend away from privately financed facilities to externally financed models. Their share grew by more than 70% in the three leading states California, Arizona and Colorado.

The market of photovoltaic facilities on industrial roofs showed a negative trend in Q2. New installations fell back from 291 MW to 196 MW in Q1 2012. That is a decrease of 33%.

In total, a photovoltaic capacity of 5,700 MW was connected to the network in the USA by the end of Q2. Continued strong growth is predicted in this market for 2013.

The study provides information about price development as well: In comparison to Q1, the system price in the utility sector fell by 10% on average. In the home photovoltaic sector, the prices were 5.84 $/W for privately financed facilities, while facilities installed by third parties on rented roofs were available for 5.64 $/W.At the supplier level, a surplus continues in the USA also. As a consequence, the turnover decreased for wafer manufacturers by 33%, for cell suppliers by 25% and for module manufacturers by 28%.

Volker Buddensiek

Similar Entries

Year 2018 was another consecutive year of dynamic development of photovoltaics in Poland – particularly in the field of micro-plants, whose number exceeded 27k, with total power of more than 160 MWp. This is an impressive result. Information gathered by Stowarzyszenie Branży Fotowoltaicznej Polska PV (SBF Polska PV, PV Poland Society for Photovoltaics), in cooperation with the Globenergia editors, shows the dynamics of photovoltaic industry development in all fields.

The Wind Turbine Market is set to grow from its current market value of more than $50 billion to over $70 billion by 2024; as reported in the latest study by Global Market Insights, Inc.

Slowly but surely the floating offshore wind energy sector is becoming more and more important, particularly because of the fact that the number of locations with shallow waters suitable for fixed-bottom foundations is limited. Floating wind is turning into a highly scalable future energy source because the wind resource in deep waters is extensive and offers a significant potential for marine renewable energy development and growth to many countries.

Thermal Energy Storage Market

Favorable government initiatives toward renewable energy based power generation along with increasing demand for uninterrupted power supply will augment the thermal energy storage market. In addition, increasing customer focus toward energy efficiency coupled with the implementation of energy storage plans will further complement the industry landscape.