Image credit: GTM Research & SEIA
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Ewweb 1513 Seiagtmpv2q2016595
Ewweb 1513 Seiagtmpv2q2016595
Ewweb 1513 Seiagtmpv2q2016595
Ewweb 1513 Seiagtmpv2q2016595

Solar Installations Up 43% YOY in 2Q 2016

Sept. 13, 2016
Providing distribution professionals with news, information, analysis and education on technology, market processes, techniques and operations.

Growing 43% year-over-year, the U.S. saw 2,051 megawatts (MW) of solar photovoltaic (PV) installed in the second quarter of 2016. According to GTM Research and the Solar Energy Industries Association’s (SEIA) latest U.S. Solar Market Insight report, this marks the eleventh consecutive quarter in which more than a gigawatt (GW) of PV was installed.

“We’re seeing the beginning of an unprecedented wave of growth that will occur throughout the remainder of 2016, specifically within the utility PV segment,” said Cory Honeyman, GTM Research associate director of U.S. solar research. “With more than 10 gigawatts of utility PV currently under construction, the second half of this year and the first half of 2017 are on track to continue breaking records for solar capacity additions.” 

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