Boom time: the pv magazine USA week in review

Share

This week pv magazine uncovered a figure that says a lot about where the U.S. market is at. According to GTM Research, there are currently more than 10 GW of utility-scale solar projects under construction in the United States, including over 1 GW in California and New York, and over 400 MW in six other states.

This boom comes amid complicated times for the solar industry. As explored in a piece by new pv magazine writer Frank Andorka, the global collapse in PV module prices is having impacts across the industry, with many reminded of the crash in 2011 and 2012.

As evidence of the stress put on producers, late last week Mission Solar Energy quietly informed workers that it plans to close both of the cell lines at its Texas factory, and begin sourcing cells from Asia while focusing on module production. The move will affect 87 workers.

All of this is happening as Americans from all walks of life are becoming more and more interested in solar. At his South by South Lawn event at the White House, President Obama touted his administration’s success with solar and stressed the importance of battery R&D, while a new poll revealed that 2 in 5 homeowners say that they have considered installing solar.

This week also saw one of the largest project-level capital raises in the U.S. solar industry to date, with sPower raising $786 million in debt and tax equity to support 339 MW-DC of solar in California.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Inlyte reports zero loss over 700 cycles for its iron-sodium battery tech

11 December 2024 The startup is targeting commercial demonstration projects in 2025 and large-scale U.S. manufacturing by early 2027.

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.