The company says the central assumption of the report – a $1.18 per watt floor price – is wrong and that the headlines resulting from the report could harm its trade case.
While utility-scale and C&I solar performed well, the U.S. residential market contracted 17% due to slowness in California and other key solar markets.
A surge in California’s market driven by the Aliso Canyon gas leak is behind much of the boom, as deployment shifts to longer-duration energy storage.
Data released by OhmHome shows solar permits falling sharply, not only in San Diego but also in San Jose – an indicaction that Net Metering 2.0 has had a similarly negative effect in utility PG&E’s service area to what it did in SDG&E’s.
In the four states that make up 65% of residential solar installations, most households have incomes between $45,000 and $150,000, new research from GTM Research and PowerScout reveals.
Figures released by GTM Research show that U.S.-based NEXTracker remained the global market leader for the second year running, although Indian and Chinese suppliers gained major headway as the market continues to globalize.
Increasing demand for solar power in China has prompted analysts to boost their 2017 estimates, forecasting an increase of more than 9% this year, with the annual global market reaching 85 GW.
Figures published today by both IHS Markit and GTM research forecast annual growth in the global solar market in 2017, albeit at a slower rate than was seen in 2016. The analysts predict continued demand from the four largest markets, particularly China and India, as the key drivers behind this growth.
The company reports that 21 states have at least 20 MW of energy storage projects proposed, under construction or already in place.
The Land of the Midnight Sun doesn’t qualify as a state poised for explosive solar growth yet. But with a doubling of installations in one year and solar installers flourishing, it could be a state to hold in the back of your mind for the future.
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