REPORT: Strong U.S. Solar Industry Growth for First Half of 2010

SEIA GTM 1 REPORT: Strong U.S. Solar Industry Growth for First Half of 2010

The Solar Energy Industries Association® (SEIA®) and GTM Research today released the inaugural U.S. Solar Market Insight report with data for the first half of 2010 showing significant growthin the U.S. solar industry despite the continuing struggles of theoverall economy.

In 2010, the U.S. solar electric market, including both photovoltaic(PV) and concentrating solar power (CSP) installations, could achieve amajor milestone by surpassing one gigawatt of installed capacity in ayear for the first time – enough to power 200,000 homes. The report’sbaseline forecast projects that 944 megawatts of solar electric capacity (composed of 866 MW of PV and 79 MW of CSP) will be installed in theU.S. in 2010. This represents a growth of 114 percent over the 441megawatts of solar electric capacity added in 2009. The report’s highforecast projects as much as 1.13 gigawatts being installed by year’send, a 156 percent increase over 2009.

California led states for solar electric capacity installed in the first six months of 2010 with 12 megawatts, followed by New Jersey, Arizona and Florida. In total, 341 megawatts were installed in the first half of the year.The report projects a stronger second half for 2010 because of one large CSP project, a number of large PV projects and continued strength inthe residential and non-residential markets.

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