In the first three months of the year, the U.S. installed 2.7 gigawatts of solar photovoltaics (PV), making it the most solar ever installed in the first quarter of a year. With the strong first quarter, Wood Mackenzie Power & Renewables forecasts 25% growth in 2019 compared to 2018, and it expects more than 13 GWdc of installations this year.
This data comes from the new U.S. Solar Market Insight Report from Wood Mackenzie and the Solar Energy Industries Association (SEIA), whom together announced in May that the U.S. hit the 2 million solar installation milestone during the first quarter of 2019.
The largest share of installations during the record-breaking quarter came from the utility PV segment, with 1.6 gigawatts coming on-line, making up 61% of PV capacity installed. The report notes that with 4.7 gigawatts of large scale projects under construction, 2019 is on track to be a strong year for utility PV, with 46% growth over 2018 expected. The report also projects about 603 MW of residential solar installations during the first quarter of 2019, up 6% annually.
The non-residential segment, which represents commercial, industrial and public sector distributed solar, saw 438 megawatts of PV installed on the quarter, which was down on both a quarterly and annual basis. According to the report, this is largely a result of state-level policy reforms in historically strong markets for the segment including California, Massachusetts, and Minnesota. The authors point to new community solar mandates in New York, Maryland, Illinois and New Jersey that will help reinvigorate the segment beginning in 2020.
Total installed U.S. PV capacity will more than double over the next five years, with annual installations reaching 16.4 GWdc in 2021 prior to the expiration of the residential federal Investment Tax Credit (ITC) and a drop in the commercial tax credit to 10% for projects not yet under construction.
Crude oil storage and transportation company Converge Midstream has completed the acquisition of the assets belonging to Fairway Energy Partners which filed for bankruptcy in November 2018. The...
Read moreENGIE North America Inc. started a commercial operation at its Seymour Hills Wind Farm Project, located in Baylor County, Texas, USA. With a total capacity of approximately 30 MW, the Seymour Hi...
Read moreInvenergy has signed a build-transfer agreement with PacifiCorp for the purchase of the Ekola Flats and TB Flats wind projects in Carbon County, Wyoming, USA. Invenergy, America&...
Read moreKDC Solar LLC has started the operation of its 23.5 MW solar park at a Six Flags Great Adventure amusement park located in Jackson, New Jersey, USA. The project consists of 12.5 MW ground-mount...
Read moreGeronimo Energy has signed a 50 MW 15-year power purchase agreement (PPA) deal with Illinois Municipal Electric Agency (IMEA) for the power output of its 194 MW Green River wind project.&nbs...
Read more