Sep 21, 2011
The U.S. solar industry continued its mercurial growth trend
throughout the first half of 2011, with photovoltaic installations
growing 69 percent in the first half of 2011 compared to 2010, according
to the U.S. Solar Market Insight quarterly report released Sept. 20.
“Our second quarter report shows that the industry grew by 69 percent, making it one of the fastest growing sectors in the U.S. economy. And I challenge people out there to find another industry that's growing close to 70 percent each year,” said the Solar Energy Industries Association’s President Rhone Resch during a teleconference about the event.
During the first half of 2011, nearly 575 megawatts of photovoltaics were installed, with 17 percent more—a total of 314 megawatts—being installed in the second quarter according to the report, which was produced by GTM Research for the SEIA.
Like last year, growth is set to accelerate throughout the rest of 2011, with a total of 1,750 megawatts slated for installation in the U.S. in 2011.
“Double last year’s total and enough to power 350,000 homes,” SEIA said in a press release.
“Altogether, solar electric power installations in the U.S. now exceed 3,100 megawatts, which is enough power for more than 630,000 homes,” Resch said.
With continued quarter-over-quarter growth, the country is closing the gap with larger markets, according to Resch.
“The U.S. markets are expanding and heading toward becoming the largest in the world, and our goal is certainly to surpass Germany and Italy and some of those markets that are larger than us today,” he said. “The resilience and the core stability of this market is remarkable given the economic conditions that exist today.”
He said that one of the country’s strengths is the solar market’s diversity....
For article: http://www.cleanenergyauthority.com/solar-energy-news/new-report-shows-u-s-solar-industry-grew-69-percent-092111/
“Our second quarter report shows that the industry grew by 69 percent, making it one of the fastest growing sectors in the U.S. economy. And I challenge people out there to find another industry that's growing close to 70 percent each year,” said the Solar Energy Industries Association’s President Rhone Resch during a teleconference about the event.
During the first half of 2011, nearly 575 megawatts of photovoltaics were installed, with 17 percent more—a total of 314 megawatts—being installed in the second quarter according to the report, which was produced by GTM Research for the SEIA.
Like last year, growth is set to accelerate throughout the rest of 2011, with a total of 1,750 megawatts slated for installation in the U.S. in 2011.
“Double last year’s total and enough to power 350,000 homes,” SEIA said in a press release.
“Altogether, solar electric power installations in the U.S. now exceed 3,100 megawatts, which is enough power for more than 630,000 homes,” Resch said.
With continued quarter-over-quarter growth, the country is closing the gap with larger markets, according to Resch.
“The U.S. markets are expanding and heading toward becoming the largest in the world, and our goal is certainly to surpass Germany and Italy and some of those markets that are larger than us today,” he said. “The resilience and the core stability of this market is remarkable given the economic conditions that exist today.”
He said that one of the country’s strengths is the solar market’s diversity....
For article: http://www.cleanenergyauthority.com/solar-energy-news/new-report-shows-u-s-solar-industry-grew-69-percent-092111/
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