US Solar PV market decreased to 1.7 GW newly installed capacity in Q3 2018, Wood Mackenzie

In Q3 2018, the U.S. solar market installed 1.7 GW (dc) of solar PV, a 15 percent decrease from Q3 2017 and a 20 percent decrease from Q2 2018, according to the U.S. Solar Market Insight Report for Q3 from Wood Mackenzie Power & Renewables (formerly GTM Research) and the Solar Energy Industries Association (SEIA). »The market stabilization of the residential sector continued this quarter. It was the third consecutive quarter in which residential PV was essentially flat on both a year-over-year and quarter-over-quarter basis after a year in which the market contracted by 15 percent.«
Non-residential PV grew 6 percent quarter-over-quarter and declined by 6 percent year-over-year. For the first time since 2015, quarterly additions of utility solar PV fell below 1 GW, highlighting the impact of the Section 201 module tariff uncertainty in late 2017 and early 2018.
Even with the tariffs, the report forecasts 3.5 GW of utility PV for Q4 2018, and projects that the fourth quarter will be the largest quarter for utility PV installations since Q4 2016. »Many projects that were on hold in the early part of the year due to tariff uncertainty are expected to come online later this year.« Furthermore, utility solar procurement »has exploded in the aftermath of Section 201 tariff uncertainty.« Thus far in 2018, 11.2 GW worth of projects have been announced, says the consultancy. Total installed U.S. PV capacity is expected to more than double over the next five years. By 2023, over 14 GW of PV capacity will be installed annually
© PHOTON

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