Wednesday, December 14, 2011

U.S. Solar Grows 140% in Third Quarter, Led by Utility Projects - Bloomberg

U.S. developers installed more solar panels in the third quarter than in all of 2009 as utility-scale projects drove up demand. Developers added 449.2 megawatts of solar-generating capacity in the quarter, up 140 percent from 187.3 megawatts in the same quarter last year, according to the U.S. Solar Market Insight report released today by Solar Energy Industries Association and GTM Research. Utility-scale projects accounted for more than 200 megawatts in the third quarter, the largest market segment. That trend will likely continue in the current quarter as power plants that have been in development for years finally begin construction and start to produce power, Shayle Kann, GTM’s managing director of solar analysis said in an interview yesterday. “There has always been a big pipeline of utility-scale projects that take a while to get constructed,” Kann said in an interview. “We are expecting to see that through 2012.”

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