The record-breaking installations of solar panels in the US continue with an eye-popping 2 gigawatts installed in just the second quarter of this year, according to new data from GTM Research and the Solar Energy Industries Association (SEIA).
The solar industry installed 2,051 megawatts between April and June, marking the eleventh consecutive quarter in which the US saw more than a gigawatt of solar capacity added to the grid. The volume of installations also marks 43 percent growth from the same quarter in 2015. ‘We’re seeing the beginning of an unprecedented wave of growth that will occur throughout the remainder of 2016, specifically within the utility PV segment,’ Cory Honeyman, GTM Research associate director of US solar research, said in a statement. ‘With more than 10 gigawatts of utility PV currently under construction, the second half of this year and the first half of 2017 are on track to continue breaking records for solar capacity additions.’
Growth in the solar industry continues to pick up steam. In a sign of how strong this year could turn out to be for solar, more solar is expected to be installed in the last six months of 2016 alone than in any other full year.
This post was published at FinancialSense on 09/12/2016.
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