U.S. solar PV market saw nearly 2 MW installed per hour in Q3

Writer:Ian Luo   Pubdate:2016-12-14 19:24 Visitor:
Summary:From the report: U.S. utility-scale PV pipeline From the report: U.S. utility-scale PV pipeline According to GTM Research and the Solar Energy Industries Association's (SEIA) Q4 2016 U.S. Solar Market Insight report, 4,143 megawatts (MW) of...

 From the report: U.S. utility-scale PV pipeline

From the report: U.S. utility-scale PV pipeline
According to GTM Research and the Solar Energy Industries Association's (SEIA) Q4 2016 U.S. Solar Market Insight report, 4,143 megawatts (MW) of solar PV were installed in the U.S. in the third quarter of the year, a rate of one MW every 32 minutes. That pace is even faster today, as the fourth quarter will surpass this past quarter's historic total, SEIA notes.
A mere three years ago, the United States eclipsed 10 cumulative GW of PV installed. By the end of 2016, GTM Research forecasts the United States to install 14.1 GW this year alone, up 88 percent over 2015's total.
“Coming off our largest quarter ever and with an extremely impressive pipeline ahead, it's safe to say the state of the solar industry here in America is strong,” said Tom Kimbis, SEIA's interim president.
“The solar market now enjoys an economically-winning hand that pays off both financially and environmentally, and American taxpayers have noticed. With a 90 percent favorability rating and 209,000 plus jobs, the U.S. solar industry has proven that when you combine smart policies with smart 21st century technology, consumers and businesses both benefit.”
 
4.8 GW of utility-scale PV to come on-line in Q4, 2016
The report points to an “unprecedented rate of project completion” in the utility-scale PV segment as a key growth driver.
In fact, the utility-scale segment represented 77 percent of solar PV installed in the third quarter of the year.
GTM Research anticipates that a massive 4.8 gigawatts (GW) of utility PV projects will come on-line in the fourth quarter of the year – that's more than was installed