According to a report, the United States has added 2.6 gigawatts of solar photovoltaics in the third quarter of 2019. At the moment, the total solar capacity is at 71.3 gigawatts. This includes both PV and concentrating solar power.
The latest report, U.S. Solar Market Insight Report, was from Wood Mackenzie Power & Renewables and the Solar Energy Industries Association (SEIA). In the report, the SEIA depicts concentrating solar plants as using mirrors “to concentrate the sun’s energy to drive traditional steam turbines or engines that create electricity.”
Solar’s third Quarter Breakthrough
A report on the CNBC website shows vital statistics from the report. This includes the 2.6 gigawatts added capacity which accounts for a 45 percent increase versus the third quarter of 2018. The additional capacity is also 25 percent higher than the second quarter of this year.
California leads the U.S. residential market installation with approximately 300 megawatts. In total, the country installed 712 megawatts of solar in the third quarter alone.
Wood Mackenzie is also anticipating growth of 23 percent and 13 gigawatts of installation for 2019 in general.
More Work Needed for U.S. Solar
The figures from the recent report may be encouraging for the solar sector, but it still needs a lot of work to achieve its clean energy potential.
A report from the Energy Information Administration (EIA) shows utility-scale electricity generation sites in the country generated about 4,171 billion kilowatt-hours last year. Renewables contributed around 16.9 percent of the overall generation. To make it more accurate, solar accounted for 1.5 percent of the total generation.
The EU Market Outlook for Solar Power was also published earlier this week, generating comparisons to the recently published U.S. report.
The report shows that around 16.7 gigawatts of installations took place in the EU this year. According to SolarPower Europe, Spain had the largest market for additional capacity with 4.7 gigawatts.
SolarPower Europe’s Policy Director, Aurelie Beauvais said, “There are several reasons to explain the growth of solar in Europe. Primarily, this increased demand can be attributed to solar’s cost-competitiveness – it is often the cheapest power generation source – as the approaching deadline for member states to meet their binding national 2020 renewable energy targets.”
Renewable energy surely shows steady and fast growth in the United States, just like in the solar photovoltaics sector. Phillip Riley is bridging the gap between companies in the renewables sector and job seekers who are searching for great opportunities in this industry. To know more about the market growth in this area and how you or your company can incorporate a strategic and diversified hiring plan, please contact Phillip Riley’s Director of Americas, Meredith Fuselier at [email protected].