On this page we present news from a variety of sources, attempting to bring well rounded facts from a wide pool of thought.
According to IHS Inc. (NYSE: IHS), the leading global source of critical information and insight in the renewable energy field, global PV demand will reach 59GW in 2015. The company expects global PV installations to grow by 33 percent this year, which is the fastest growth rate since 2011. In 2016, IHS expects to see more than 65 GW installed, resulting in a cumulative capacity of 300 GW.
Global PV demand is forecast to grow by up to 25% year on year in 2015 due to ongoing cost reductions for solar equipment, according to research firm IHS. PV demand will grow by 16% to 25% this year to 53 to 57 GW, with the largest markets to remain China, Japan and the US in 2015. China, the US and India will be the largest contributors in terms of absolute growth. IHS expects monocrystalline technology to increase its market share to 27% from 24% last year due to growth in rooftop installations and increasing demand for higher-efficiency products. Distributed PV systems will grow, with systems up to 100 kW accounting for 30% of global installations in 2015. IHS expects 15.7 GW of Distributed PV capacity to be added this year, up from 13.2 GW in 2014. California is predicted to become the global leader in solar power penetration by the end of 2015 - it will provide more than 10% of California’s annual power generation in 2015.
NPD Solarbuzz forecasts 19.5 GW of new PV capacity in the final quarter of 2014, exceeding the entire worldwide deployment for 2010 and pushing global cumulative capacity up to 200 GW! 2014 will have 50 GW of newly installed capacity, largely in China, Japan and the U.S. These three leading markets will account for 70% of Q4 PV growth, say the NPD analysts, who also expect an upturn in investment in new manufacturing facilities.
Germany, once top of the charts for the most PV installs per year, had clean-energy sources met 27.7% of power demand in the nine months through September, topping coal power production. PV generated 6.8%, feeding 24.2 GW of electricity into the grid on June 6, about the same as 20 nuclear reactors. Germany, Europe’s biggest economy, is shutting down nuclear reactors by 2022 and replacing them with renewables, intending to have 60% renewables online by 2035.
According to GTM Research and SEIA's 'Q2 2014 U.S. Solar Market Insight Report', the U.S. installed 1,133 MW of PV in Q2 2014 (up 21% over Q2 2013), with residential and commercial segments accounting for nearly half. Making the cumulative PV capacity in the US reach nearly 16 GW. GTM Research and SEIA forecast 6.5 GW of PV will be installed in the US in 2014, up 36% over 2013 and more than 3x the market size of just three years ago. According to the U.S. Energy Information Administration, the percentage of installed solar energy grew 418% from 2010-2014, more than quadrupling capacity in only 4 years.
Global PV Industry to Add 100 GW of Capacity a Year by 2018, with c-Si Technology Set to Dominate the Market
It is that time of the year, when industry analyst release a lot of reports and we reiterate what they say in our business plans, websites, and other media. I've followed these reports from a half dozen companies over the last decade, and gave marginal weight to a dozen other sources. You find the good analyst houses that know their stuff and you believe the news - much like following any investment research house. I am continually surprised to see just how close the majority of the reports are after their prediction cycle has passed and we can see the real historical data. It is also good to see that the technology choices we picked as a company are the ones that are succeeding and are predicated to succeed.The report from Solarbuzz has some nice metrics...
... and nearly fifteen times the amount installed in 2008. There are 12.1 GW of PV operating in the U.S. with 140,000 individual solar installations during 2013 with a total of over 445,000 systems operating today. More solar was installed in the U.S. in the last eighteen months than in the 30 prior years. Solar accounted for 29% of all new electricity generation capacity in 2013, with SEIA forecasting 26% PV installation growth in 2014. WA state ranked 23rd in installs, above Oregon & Minnesota. Residential installs reached 792 MW in 2013, a 60% annual growth rate. Non-Residential reached 1,112 MW and Utility reached 2,847 MW or 58% growth over 2012. Average residential installs are $4.59/W, Non-Residential $3.57/W, and Utility $1.96/W - installed PV prices vary greatly from state to state and project to project.
You can read the official report summary here:
The U.S. now has more than 10 gigawatts (GW) of installed solar PV capacity, according to new calculations from NPD SolarBuzz. They are still forecasting a total of 4.3 GW install capacity for this year alone, with the majority of the U.S. solar market realized in the second half of the year, much like we saw in 2012. SolarBuzz expects the market to hit 17 GW by the end of 2014, representing 80 percent growth over 18 months. Worldwide solar PV demand reached 15 GW through the first six months of this year, roughly a 9 percent increase from a year ago, and cumulative solar PV installations are about 116.5 GW. For more read: http://www.solarbuzz.com/news/recent-findings/us-reaches-milestone-10-gigawatt-solar-photovoltaic-capacity-according-npd-sola
The average residential PV system price fell below $5.00/W, while the average non-residential system price fell below $4.00/W, according to SEIA & Greentech Media's U.S. SOLARMARKET INSIGHT REPORT Q1 2013. PV installs are taking off with solar accounting for 49% of new electric capacity in the US. The residential market grew 53% over Q1 2012 and 11% over Q4 2012. The utility market more than doubled year-over-year, with 24 utility PV projects completed in Q1 2013. The GTM Research/SEIA report predicted "that the next four years will be marked by a new solar revolution in the U.S., this time driven by the distributed generation (DG) market." Residential and commercial solar markets have historically been limited by availability of state and utility-level incentives, solar has now become cost-effective in some markets with only the federal investment tax credit (ITC), accelerated depreciation and net metering.
Global installed PV capacity surpassed 101 GW in 2012, according to data published by the European Photovoltaic Industry Association (EPIA). Between 30 and 32 GW was connected to the grid and made operational globally in 2012, roughly the same amount added in 2011- a boom year. In 2012, the top three European PV markets were Germany (7.6 GW), Italy (3.3 GW) and France (1.2 GW). Outside of Europe, the top three markets in 2012 were China (between 3.5 and 4.5 GW), the US (3.2 GW) and Japan (2.5 GW). EPIA will publish the final figures for 2012 in May. Germany and Italy remain the largest solar markets by far in terms of Total Installed Capacity. At the end of 2012, Germany had 32.4 GW of installed PV power and Italy had approximately 16.2 GW.
For news you won't here from the mainstream US 'press' ...
According to the head of Duke Energy Corp.'s renewable-energy development unit, the U.S. will add more solar power in 2013 than wind energy for the first time. The U.S. added 13.1 gigawatts of wind power last year, beating natural gas for the first time. The U.S. installed about 3.2 gigawatts of solar power last year and may reach 3.9 gigawatts this year, according to data compiled by Bloomberg.
Steve Reeves, CTO of PureSolar, Inc. will be talking to the E&P program at The Evergreen State College on Friday, February 8, from 3-5 pm. He’ll discuss the path to PureSolar, exploring real-world aspects of entrepreneurship. Attendees will walk away understanding the basics of PV systems and the manufacturing of PV modules, as well as key success steps of PureSolar and its history. PureSolar’s product line, customer base and future goals will be uncovered, discussion of the companies competencies and available services. The presentation will show the current manufacturing tools, both hardware and software, and delve into our unique funding methods.
PureSolar – locally manufacturing your energy independence.