Solar Module Price Cuts Stimulate Massive Growth in US Photovoltaic Project Pipeline

[kristopher]

Solar Module Price Cuts Stimulate Massive Growth in US Photovoltaic Project Pipeline

SAN FRANCISCO, Calif.—September 12, 2011—Large cuts in factory gate module prices over the summer have resulted in a significant increase in photovoltaic (PV) project development activity in the US. After standing at 17 gigawatts (GW) two months ago, the US non-residential pipeline has now increased to 24 GW.

The September 2011 edition of the United States Deal Tracker database released by Solarbuzz this week identifies 1,865 non-residential projects totaling 25.9 GW either installed, being installed or in their development phase since January 1, 2010. Development phase projects include pre-RFP, going through the RFP process, or planned without RFP.

California currently accounts for 61% of the total US project pipeline, stimulated by the state’s aggressive 33% Renewable Portfolio Standard target, and benefiting from the recent trend of solar projects reallocated from concentrated solar power to PV. The top six state pipelines in megawatt terms are California, Arizona, Nevada, Texas, New Jersey, and New Mexico; in total, 44 states now contribute to the pipeline.



Utility-driven project activity is now evident across 35 states, while other non-residential projects below 1 MW remain an important segment of the market, accounting for 771 projects being monitored. The fast-developing non-residential segment has created an important and growing opportunity for project developers, engineering, procurement and construction (EPC) companies. The top 12 project developers currently account for 51% of the total pipeline.

The collapse in US factory-gate module prices over the past four months...

http://www.solarbuzz.com/our-research/recent-findings/solar-module-price-cuts-stimulate-massive-growth-us-photovoltaic-projec


26GW of solar will produce approximately the same annual amount of electricity as 5 nuclear power plants.

[Tikki]

1. It's happening here in my So Cal community...

even businesses and schools are adding solar...


Tikki

[Snotcicles]

2. Keep it going Kris, your posts are great. I enjoy them very much. nt

[diane in sf]

3. I agree!