Key Findings in the Solar Market Insight Report 2013
Photovoltaics (PV and CPV)
- Photovoltaic (PV) installations totaled 832 MW in Q2 2013, up 15% over Q1 2013
- Cumulative operating PV capacity in the U.S. now stands at 8,858 MW
- The residential market was flat quarter-over-quarter in Q2, breaking its streak of incremental quarterly growth
- The non-residential market was down in Q2, continuing a relatively light year for the segment
- The utility segment completed 38 projects totaling 452 MW; currently, there are an additional 4.1 GW of utility PV under construction
- We anticipate that 4.4 GW of PV will be installed in 2013, up 30% over 2012
- The average residential PV system prices fell to $4.81/W, while the average non-residential system price dropped to $3.71/W
Concentrating Solar Power (CSP)
- Despite zero CSP installations in Q2 2013, we maintain bullish expectations for 2013 with over 900 MWac slated to come on-line by the end of this year
- BrightSource Energy’s 392 MWac Ivanpah CSP project is on schedule to deliver electricity to the grid in late 2013
Read the report here.