According to an industry report released on Monday, thanks to the completion of more than 20 large utility-scale projects, the installed capacity of solar power in the United States increased by 116% in the second quarter compared to the same period last year.
The second quarter was the largest quarter of utility-level projects installed, with an installed capacity of 447 MW, and the total installed capacity in the second quarter was 742 MW. However, the report indicates that the reduction in the purchase of utility-level projects means that the extremely high figures in this quarter are unlikely to continue to grow because the public utilities in the states have largely completed the prescribed renewable energy generation ratio.
GTM Research analyst Shayle Kann said: "They are not obligated to sign more power purchase agreements, so there will be a blank period before the utility waits to see if the project is completed and begins to buy again." According to GTM Research and the US solar industry According to the report released by the association, the second quarter was the second best quarter for installed capacity in the US solar power industry, second only to 791.3MW in the fourth quarter of last year.
In the second quarter, the residential solar market was basically flat, while non-residential installations fell 33% from the previous quarter due to cuts in incentive subsidies. GTM fine-tuned its annual installation forecast, down from 3.2GW to 3.3GW. Despite the strong growth momentum, the US solar market still accounts for only 10% of the global market, and it is unlikely to ease the pain suffered by solar panel manufacturers due to oversupply of equipment.
In the second quarter, the average selling price of solar panels fell to 87 cents, a decrease of 44% from 1.56 US dollars per watt last year.
The second quarter was the largest quarter of utility-level projects installed, with an installed capacity of 447 MW, and the total installed capacity in the second quarter was 742 MW. However, the report indicates that the reduction in the purchase of utility-level projects means that the extremely high figures in this quarter are unlikely to continue to grow because the public utilities in the states have largely completed the prescribed renewable energy generation ratio.
GTM Research analyst Shayle Kann said: "They are not obligated to sign more power purchase agreements, so there will be a blank period before the utility waits to see if the project is completed and begins to buy again." According to GTM Research and the US solar industry According to the report released by the association, the second quarter was the second best quarter for installed capacity in the US solar power industry, second only to 791.3MW in the fourth quarter of last year.
In the second quarter, the residential solar market was basically flat, while non-residential installations fell 33% from the previous quarter due to cuts in incentive subsidies. GTM fine-tuned its annual installation forecast, down from 3.2GW to 3.3GW. Despite the strong growth momentum, the US solar market still accounts for only 10% of the global market, and it is unlikely to ease the pain suffered by solar panel manufacturers due to oversupply of equipment.
In the second quarter, the average selling price of solar panels fell to 87 cents, a decrease of 44% from 1.56 US dollars per watt last year.
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