CPV Had A Great Q2 0

According to GTM Research and the Solar Energy Industry Association’s latest quarterly U.S. Solar Market Insight report, the U.S. installed 4 megawatts of concentrating solar in the second quarter of 2011.

The total quarterly installed capacity can be attributed to three concentrating photovoltaic (CPV) projects, 2 megawatts in Arizona, 1 megawatt in CA, and 1 megawatt in New Mexico, and marks the largest quarter for CPV installations in U.S. history. However this record is likely to be broken soon — the Cogentrix 30 megawatt Alamosa Solar CPV installation in Colorado closed a $90.6 million loan guarantee from the Department on Energy in September and is expected online by the end of the year.

Though no concentrating solar-thermal power (CSP) projects came online in the second quarter, installed capacity is expected to increase significantly in the next few years. The U.S. currently has a CSP project pipeline of over 7 gigawatts, with 57 megawatts of concentrating solar expected online by the end of the year. Additionally, in September the Department of Energy finalized loan guarantees for multiple CSP projects; Ivanpah (370 megawatts) received $1.6 billion, Crescent Dunes (110 megawatts) received $737 million, and Abengoa Mojave Solar received $1.2 billion.

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