Solar is growning with break neck speed, more than 2 gigwatts on Photovoltaic solar installations took place in second quarter of 2016, accoreding to a report released on Monday.
GTM reasersh release it’s latest US solar market Insight Report. Solar Energy Industries Association (SEIA) stated the intallations repersent a 43% increase compared to the second quarter of 2015. Cory Honeyman associates director of U.S. solar research at GTM Research said “”We’re seeing the beginning of an unprecedented wave of growth that will occur throughout the remainder of 2016, specifically within the utility PV segment,” in his news release.
Solar is becoming an increasingly important part of the world’s renewable energy mix. In 2014 the International Energy Agency stated that the sun could be the planet’s biggest source of electricity by 2050.
“With more than 10 gigawatts of utility PV currently under construction, the second half of this year and the first half of 2017 are on track to continue breaking records for solar capacity additions,” Honeyman added.
The report found that utility scale installations represented 53 percent of all installed PV in the first half of 2016, with an extra 7.8 GW set to come online in 2016.
“Solar works in all 50 states and this report proves that what many would consider non-traditional markets are now firmly a part of the clean energy movement,” Tom Kimbis, SEIA’s interim president, said.
“While it took us 40 years to hit 1 million U.S. solar installations, we’re expected to hit 2 million within the next two years,” Kimbis added. “That record-breaking growth is made possible by solar’s cost-competitiveness and the vast benefits it provides consumers, our nation’s economy and environment.”