US solar to smash quarterly record

Posted at December 19, 2016 » By : » Categories : News » Comments Off on US solar to smash quarterly record

US solar to smash quarterly record

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Around 14GW of new solar capacity is expected to come online by the end of the year in the US.

That’s according to a report by the Solar Energy Industries Association (SEIA) which states the country’s sector has been growing at a 43% year-on-year rate.

It adds a new megawatt of solar capacity came online every 32 minutes this year.

Its report states the US installed 4.14GW of solar during the third quarter of the year, increasing by 191% compared to the same period in 2015.

Between the first and the third quarter of the year, solar accounted for 39% of all new electric generating capacity brought online in the country.

The SEIA believes the fourth quarter of this year will break the previous installation record as more than 4.8GW is expected to come online.

California became the first state to add more than 1GW of solar in a single quarter and community projects of this kind added more capacity compared to all of 2015, according to the report.

Tom Kimbis, SEIA’s Interim President said: “Solar works in all 50 states and this report proves that what many would consider non-traditional markets are now firmly a part of the clean energy movement. While it took us 40 years to hit one million US solar installations, we’re expected to hit two million within the next two years. That record-breaking growth is made possible by solar’s cost competitiveness and the vast benefits it provides consumers, our nation’s economy and environment.”

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