Economy

U.S. installs 2.39 GW in largest Q2 for solar market

U.S. installs 2.39 GW in largest Q2 for solar market”

More than 1GW of the new capacity in the second quarter was utility-scale, while 437MW was added in the non-residential sector and 563MW in residential.

The industry installed 2.39 gigawatts of photovoltaic solar, up from 2.2 GW a year ago, the report by GTM Research and the Solar Energy Industries Association said.

The non-residential market grew a robust 31 percent year-over-year, with 437 MW installed. The potential loss could essentially negate the 51,000 jobs added past year.

In Q2 2017, the USA market installed 2,387 MWdc of solar PV, an 8% increase year-over-year and the largest second quarter ever. Major national installers like Tesla Inc's SolarCity have slowed growth dramatically to focus on the most profitable projects, leading to a sharp drop in demand in established state markets, GTM said.

GTM Research and the Solar Energy Industries Association (SEIA) say in the latest US Solar Market Insight Report that this is the largest second quarter for the particular market.

The slow pace in residential solar installations stemmed primarily from national providers pulling back from California and the Northeast, the report concluded. According to the report, during the first half solar was the second most deployed power source after natural gas, having contributed 22% of all new electric capacity brought online in the country. They, however, warn that this guidance could be revised down substantially for all three segments if Suniva's request to impose trade remedies on foreign-manufactured cells and modules is accepted in its current form.

Voluntary procurement has emerged as the primary driver of new utility PV procurement, accounting for 59% of new procurement through H1 2017.

The non-residential market soared 31 percent to 437 megawatts, boosted by development of community solar projects in Minnesota and MA and corporate and industrial demand in California. It was the first time US module prices increased since 2014. GTM Research's analysis also underpins Greentech Media's webinars and live events.



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