Solar panel installations in the U.S. grew 76 percent in 2012 as the cost of panels and the surrounding equipment continued to fall, according to an annual report by a solar trade group.
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U.S. solar panel installations grew 76 percent in 2012 to 3.3 gigawatts, representing a tenth of the global market, led by large-scale projects in the desert southwest, according to the Solar Energy Industries Association.
Partly driven by an oversupply of cheaper panels from China, the domestic solar market had its best year in 2012, with the growth in installations outpacing that of the global market, according to an annual report to be released Thursday.
U.S. Solar Market Grows 76% in 2012; Now an Increasingly-Competitive Energy Source for Millions of Americans Today
Added Record 3.3 Gigawatts of Capacity, Enough New Capacity to Power More Than 500,000 Homes
The millionth solar panel has been installed at a sprawling desert power plant that will feed energy to San Diego-area utility customers as soon as late spring, the project developer said Tuesday.
Renewable Energy World
Two recently-issued federal studies underscore the dramatic growth in electrical generation from geothermal, solar, wind, and other renewable energy sources during the first three and one-half years of the Obama Administration.
Solar photovoltaic (PV) installations in the Americas more than doubled in the first half of 2012 (1H 2012) and will reach nearly 4.3 GW for the year. Solar PV installations rose more than 120% in the Americas in the first six months of 2012, according to IMS Research’s latest quarterly report, to reach 1.7 GW. That compares to 750 MW in the 1H 2011.
Mitt Romney sets an ambitious goal with his pledge to achieve U.S. energy independence by 2020. It’s just too bad his plan relies almost entirely on fossil fuels and largely ignores the solid promise of clean energy.
Romney’s plan, rolled out Thursday in solar-friendly New Mexico, focuses heavily on oil, gas and, most unnecessarily, coal. The presumptive Republican presidential nominee promises to expand drilling on federal lands and to roll back environmental rules his campaign adviser Ed Gillespie says are “destroying the coal industry.”
Total funding in the solar energy sector amounted to more than $4.3 billion spread across 66 transactions in the second quarter of 2012, with strong results in venture capital funding, debt funding, and corporate funding in particular, according to a Mercom Capital Group report.
Renewable Energy World
On August 15, 2012, at 8 a.m., Colorado’s Xcel utility opened up its registration for a new solar gardens/virtual net metering program. It took just 30 minutes to shut the doors on applications. The utility had received 13.5 MW in those 30 minutes, more than triple the 4.5 MW allowed. This excitement is one reason why I believe that community solar is the key to widespread U.S. solar adoption, but let's go through all of them...plus the challenges to it ever happening.