Thursday, September 22, 2011

The Truth About US Solar Power Market



Although a number of companies, including Solyndra and Evergreen Solar went out of business entirely in the US, installations of solar panels have skyrocketed 69 percent in the second quarter from a year earlier, thanks largely to commercial and government projects, according to an industry trade group report released Tuesday. U.S. manufacturing is an entirely different story, where success is mixed and highly dependent on where the products are headed.

For the concentrating solar power market and concentrating photovoltaics, there are currently 600 MW under construction in the US, with an additional 7 GW at various stages of development.

The only segment of the solar power market which did not grow in the Q2 2011 was the residential PV market, which declined for the second consecutive quarter. During Q2, 60 MW were installed, a decline of 5.7% over the previous year. However, the Solar Market Insight expects the residential market to pick up, as residential solar-leasing programs expand.

Meanwhile, companies that make solar products in the U.S. and sell directly to the domestic market have fared much better. The U.S. solar market is the fastest growing market in the world, Rhone Resch, executive director of the Solar Energy Industries Association said in a teleconference Tuesday to discuss the industry report.

Foreign and domestic companies keen on tapping the U.S. market are increasingly building factories here. Resch made particular note of Chinese solar panel maker Suntech Power, which opened last year a 117,000-square-foot plant in Goodyear, Arizona. In May, the company added a third production shift.

This growth in solar power market in the US has an impact here in the Philippines as more US base solar cell companies put up manufacturing plants in different parts of the countries either as direct manufacturers or in sub-contractors.

source: smartplanet

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...