US Q3 solar installations total 3.8GW

US Q3 solar installations total 3.8GW

According to a recent report by Wood Mackenzie, US solar companies installed just under 4 GW of new photovoltaic (PV) power in the third quarter of 2020, a 9 percent improvement over the previous quarter.

The primary driver of third-quarter installations with 2.7 GW of new capacity was the utility-scale market, representing 70% of all solar capacity brought online in the quarter.

In the third quarter of this year the US Solar Market Insight Q4 2020 survey released by Wood Mackenzie and the Solar Energy Industries Association (SEIA), found that solar accounts for 43 percent of all new capacity-generating electricity additions.
In 2020, the study forecasts a record 19 GW of new solar power installations, reflecting 43 percent growth from 2019 year-over-year.

SEIA chief executive Abigail Ross said: “This report points to the incredible resilience of our companies and workers in the face of the pandemic and continued demand for clean, affordable electricity sources. “It also speaks to our ability to support economic growth, even in our darkest moments.
“While solar will continue to grow, the next administration and congress have an opportunity to help the solar industry reach its Solar+ Decade goals, creating hundreds of thousands of jobs and tackling the climate crisis.”

“Sun belt” states are leading the way on new capacity additions this year, with Texas and Florida both installing more than 2GW through the third quarter.
The utility-scale project pipeline has expanded to a record 69.2GW.
A total of 9.5GW (DC) of new utility PV power purchase agreements were announced in the third quarter.
Forecasts for 2021 to 2025 put total solar installations above 107GW (DC), a 10GW (DC) increase on the second quarter driven primarily by “healthy increases” to the utility-scale solar pipeline.

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