Info
Info
News Article

IHS Tip 166% Rise In US PV

US PV installations to soar 166 %  in 2011
U.S. photovoltaic (PV) installations in 2011 will rise a spectacular 166 percent to a total of 2.4 gigawatts (GW), with California leading the country in the amount of power derived from renewable solar energy, according to a new IHS iSuppli Photovoltaic Market Tracker report, from information and analysis provider HIS.

The number of U.S. PV installations this year is projected to climb to approximately 49,000"”up from 39,000 in 2010. Of the 2.4GW in solar power expected to be installed this year, ground installations will contribute approximately 1.4GW, commercial installations 710 megawatts (MW) and residential installations 270MW.

"Thanks to the implementation of many utility-scale projects this year, the U.S. growth rate in 2011 will be more than double the 80 percent expansion level of 2010, when photovoltaic (PV) installations amounted to just slightly over 900MW," said Mike Sheppard, analyst for photovoltaics at IHS. "Next year, new solar installations will reach an estimated 3.1GW, on the way to some 5.5GW by 2015. And while a downturn next year is forecast for Europe, growth will be good stateside because of healthy support from the U.S. Department of Energy in the form of loan guarantees to help stimulate the market and help secure a lower cost of capital for large projects."

Among U.S. states, California will be the leader by a wide margin in solar power this year, accounting for 967 megawatts (MW). Tiny New Jersey is expected to be second with 263MW, followed by Arizona with 243MW, New Mexico with 139MW and Nevada with 118MW. The remaining Top 10, in descending order, are Pennsylvania, Florida, New York, North Carolina and Colorado. With large projects coming through the year, Nevada will enter the Top 10 for the first time this year, crashing into the Top 5. Meanwhile, New Jersey, though in second place, may encounter hiccups in light of waning political support from the state's governor.
The figure below shows the top U.S. states for PV power with their projected installation capacity in 2011.

Overall in terms of renewable energy, many states are indicating significant growth potential through 2020, in line with the entire country's Renewable Portfolio Standard regulations requiring the increased production of energy from renewable sources.

Michigan, Kansas and Washington all have established targets to derive 10 to 20 percent of their total power needs from photovoltaic or renewable sources by 2015 to 2020, even though no progress appears to have been made as of 2010 toward reaching this goal, IHS iSuppli research shows. New Mexico is further along this path, with large projects that will help the state reach its 10 percent target by 2020.

Growth in renewable energy will be fastest over the next four years in New York, where the five-year compound annual growth rate ending in 2015 is expected to be at 29 percent. Colorado, however, has the largest potential for expansion: While the state in 2010 derived 5 percent of its power from renewable power, that rate is set to grow to 27 percent by 2020"”representing growth of approximately 22 percent.
There are also more states within the country that have renewable energy targets extending all the way to 2030, indicating it will be some time before the market peaks.
BayWa R.e. And HeidelbergCement Sign First Solar Corporate PPA In Polish History
Winch Energy Closes Largest Mini Grid Financing Portfolio To Date
VivoPower International PLC Announces Completion Of Electrical Works For 39 MWdc Molong Solar Farm
Sonnedix Acquires 150MW Utility Scale Project Located In Central Chile
The Smarter E South America Postponed To October 18-20, 2021
Q CELLS Solar Modules Keeping The Lights On For Dutch Bulb Grower
Oakapple Renewable Energy Appoint Stuart Gentry To Head Business Development
Driving Efficiency Through Flexible Solar Power Solutions
US Solar Fund To Acquire Up To 50% Of 200MWDC Mount Signal 2
SUNfarming Reaches Financial Close On Project Financing For 26 MWp PV Portfolio In Poland
Sonnedix Brings Chile Closer To Meet Its Renewable Power Targets
Sonnedix Adds 40 MW Of Capacity To Its Portfolio In Chile
Greencoat Renewables Announces First Transaction In Nordic Market
Analysis Of UK Commercial Roof Space Shows Solar PV Film Can Achieve Net Zero Without Greenfield Sites
Leclanché Selected By ENERGODATA To Provide Battery Storage
SUNfarming Secures EUR 10 Million In Fresh Money For Poland
Ib Vogt Achieves Financial Close And Start Of Construction Of 116 MWp Solar PV Project In Malaysia
Going Green In Lancashire – Hundreds Of Houses Installed With Solar Panels In Ground-breaking Project
SolarArise Commissions 75 MW Solar Plant In Uttar Pradesh
Solar Energy For Water Treatment: IBC SOLAR Helps Water Authority Become More Sustainable
SunBrush Mobil And Infinity Establish Service Base At Benban, Africa's Largest Solar Park
Luxcara And GE Renewable To Deliver 753 MW To Sweden With Single Onshore Wind Farm
International Solar Alliance Special Assembly Elects Dr Ajay Mathur As New Director General
AEG Power Solutions Equips The Microgrid Laboratory Emulator Of Paderborn University

×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Solar + Power Magazine, the Solar + Power Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification} Array
Live Event