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The report was designated by GTM Research and the Solar Energy Industries Association (SEIA), which forecasts the outlook for photovoltaics in the United States: US PV installations will reach 3 GW in the fourth quarter and 15 GW in 2016.
The report pointed out that investors have signed energy purchase agreements with 18.7GW of photovoltaic power plants. Of these, 5.7 GW is under construction.
Although these figures depict a prosperous scene, the photovoltaic market in the third quarter of this year is slightly inferior. Although the third quarter was the eighth quarter with an installed capacity of more than 1 GW, the total market for the quarter was less than the previous quarters and the same period last year.
The reduction in the number of utility PV power plants completed in the third quarter of this year may be one of the reasons for this result. Quarterly numerical fluctuations do not accurately reflect real market conditions, which has also affected the performance of utility PV power plant developers this quarter.
Regardless, GTM Research and SEIA reduced their installed expectations for 2015 – from 7.7GW to 7.4GW.
Non-residential areas include commercial, industrial and government buildings, with a slight increase in photovoltaic installed capacity, adding 240 MW.
US 2016 PV installation is expected to reach 15GW
Abstract In order to complete the construction of the power station before the cancellation of the US federal tax credit in 2017, the PV market in the US is now booming. This is what the new SolarMarketInsightReport in the United States says. The report is made up of...
In order to complete the construction of the power station before the cancellation of the US federal tax credit in 2017, the PV market in the US is now booming. This is what the new Solar Market Insight Report in the United States says.