Solar Industry On Pace for “˜Record-Shattering’ 2013

A worker installs solar panels containing photovoltaic cells at the new Solarpark Eggersdorf solar park on September 4, 2012 near Muencheberg, Germany. The park, which is being built by German solar energy operator juwi Solar GmbH, will contain 85,000 solar modules and is one of many similar projects in eastern Germany. Germany is investing heavily in renewable energy projects, especially solar, wind and biogas ventures, as the country is in the ongoing process of closing down its nuclear energy plants.
National Journal
Add to Briefcase
Ben Geman
Dec. 10, 2013, 2:49 a.m.

Sol­ar power de­velopers are in­stalling new pro­jects at a re­cord clip, Bloomberg re­ports.

“De­velopers in­stalled 930 mega­watts of photo­vol­ta­ic sol­ar ca­pa­city in the U.S. dur­ing the third quarter and are on pace to al­most double that,” states their write-up of a Sol­ar En­ergy In­dus­tries As­so­ci­ation re­port.

Rhone Resch, the group’s chief ex­ec­ut­ive, said 2013 will be a “re­cord-shat­ter­ing year” for the in­dustry.

More from Bloomberg:

“The trade group ex­pects 1.83 gigawatts of ca­pa­city to be in­stalled this quarter, put­ting the U.S. on pace to reach 4.27 gigawatts for the year, ac­cord­ing to the re­port. That 27 per­cent rise means the U.S. will in­stall more pan­els this year than Ger­many, the biggest sol­ar mar­ket in terms of ex­ist­ing ca­pa­city, for the first time in more than 15 years. De­mand in Europe has waned as gov­ern­ments cur­tail sub­sidies.”


Welcome to National Journal!

You are currently accessing National Journal from IP access. Please login to access this feature. If you have any questions, please contact your Dedicated Advisor.