Solar Power International 2016: Five key takeaways

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With the federal Investment Tax Credit (ITC) originally intended to expire at the end of this year, the fact that 2016 was going to be a big market for solar was established years ago. And with the surprise extension of the ITC, now instead of 2016 being the party before the end, it is instead the beginning of a long boom.

However, this surprise extension also has had unforeseen impacts, including 4-6 GW of utility-scale projects being pushed back to 2016 or beyond. The result is strong but uneven growth, with major market analysts admitting that trying to pin a number on the final capacity to be installed this year is shooting at a moving target.

These macro market trends, meeting with the ongoing evolution of technology and applications for solar, were all felt at this years’ Solar Power International (SPI) trade show. The show saw more than 18,000 attendees, a 20% increase from the previous year, and a strong optimism was evident in the crowds that rushed in when the show floor opened each morning…

the rest of this article can be read on the pv magazine USA website.