US solar market adds 2.5 GW of PV in Q1 2018

New U.S. electricity generating capacity additions

The U.S. solar market added 2.5 GW of solar PV in the first quarter of the year, representing annual growth of 13 percent, according to the latest »U.S. Solar Market Insight Report« from GTM Research and the Solar Energy Industries Association (SEIA). PV accounted for 55 percent of all U.S. electricity capacity added during the quarter and added more than two gigawatts for the 10th straight quarter, the study said. The report increased the forecast for utility-scale solar to 6.6 GW in 2018. That’s slightly higher than the 6.47 GW predicted in March. In the first quarter 2018 about 1.4 GW utility-scale PV plants were installed.
Regarding the non-residential solar segment 509 MW were installed. Non-residential PV fell 34 percent quarter-over-quarter, despite posting 23 percent year-over-year growth. According to the report, »community solar continues to be a strong driver of non-residential solar demand.« The U.S. has now surpassed cumulative 1 GW of community solar capacity. New additions of residential PV remained flat quarter-over-quarter and year-over-year in Q1 2018, following a 15 percent contraction in 2017. The report forecasts that by 2023, more than 14 GW of solar will be installed annually.

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