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.”