By the end of 2016, cumulative global installed solar photovoltaic (PV) installations will surpass 310 gigawatts (GW), compared to just 40 GW at the end of 2010. The five countries accounting for 70 percent of this capacity are China, the United States, Japan, Germany, and Italy.
New business models are reducing barriers surrounding customer adoption of solar PV systems
February 23, 2016
The global electric power industry is evolving into a model that is more diverse, both in terms of generation and in the ownership of generation assets, and solar photovoltaic (PV) is one technology at the head of this change, notes Navigant Research.
Solar PV in the second quarter showed both annual and quarterly growth
September 29, 2015
The United States solar industry surpassed 20 gigawatts (GW) of total operational solar photovoltaic (PV) capacity during the second quarter of this year, according to GTM Research and the Solar Energy Industries Association’s (SEIA) Q2 2015 U.S. Solar Market Insight Report.
Increasing market competition is expected to drive further vertical integration and increase mergers and acquisitions
August 5, 2015
Following years of module oversupply and artificially low pricing, the solar photovoltaic (PV) market is expected to shift from a high-cost, subsidized source of energy to a growing market with the potential to displace other energy technologies, notes Navigant Research.
Solar Accounted for 32 Percent of the Country’s New Generating Capacity in 2014
March 12, 2015
GTM Research and the Solar Energy Industries Association (SEIA) have released their U.S. Solar Market Insight 2014 Year in Review report. According to the report, newly installed solar photovoltaic (PV) capacity for 2014 reached a record 6,201 megawatts (MW), growing 30 percent over 2013’s total.
Distributed solar photovoltaic (PV) system prices dropped by 12-19 percent nationwide in 2013, according to the third edition of a jointly written report on PV pricing trends from the U.S. Department of Energy’s (DOE’s) National Renewable Energy Laboratory (NREL) and Lawrence Berkeley National Laboratory (LBNL).
Revenue Is Forecast to Rise to $28.7 Billion in the Second Half, Up from $23.1 Billion in the First Half
July 25, 2014
Following a weak performance during the first six months of the year, the global solar photovoltaic (PV) supply chain is set for strong 24 percent growth in the second half of 2014, driven by surging installations, according to IHS Technology.
Ongoing Strength in Residential Sector and Volatility in Commercial Market Spurred This Milestone
June 19, 2014
According to GTM Research and the Solar Energy Industries Association’s (SEIA) Q1 2014 U.S. Solar Market Insight Report, the U.S. installed 232 megawatts of residential PV, exceeding the commercial market’s 225 megawatts for the first time in the history of the report.
U.S. Has Now Joined Germany, China, and Japan as Worldwide Leaders
December 20, 2013
GTM Research and the Solar Energy Industries Association® (SEIA®) has released U.S. Solar Market Insight: 3rd Quarter 2013, which shows that the third quarter of 2013 was the second largest quarter in the history of the U.S. solar market and the largest quarter ever for residential PV installations.
Solar PV Costs Have Steadily Declined and Further Cost Reductions Are Being Pursued
November 28, 2013
Despite waning government support, the threat of international trade wars, and high-profile bankruptcies, the solar photovoltaic (PV) market continues to grow, according to a report from Navigant Research.