solar electricity new jersey
U.S. Report Photovoltaic solar energy market analysis and forecasts for 2013 Report ( target = "_blank" href = "http://www.bharatbook.com/Market-Research-Reports/Report-on-US-Solar-Photovoltaic-Market-Analysis-and-Forecasts-to-2013.html"> http: / / www.bharatbook.com/Market-Research-Reports/Report-on-US-Solar-Photovoltaic-Market-Analysis-and-Forecasts-to-2013.html) analyze the strengths and weaknesses of the main solar photovoltaic companies in the U.S..
The U.S. is the main market for photovoltaic solar energy in the world with the remarkable growth witnessed during the period 2001-08. The market has grown from 168 MW in 2001 to about 1,111 MW by the end of 2008. The unprecedented growth witnessed in this market is attributed to the supportive policy framework of federal and state governments for solar photovoltaic technology, in collaboration with the high-end solar energy investments by large companies such as First Solar, Inc. World Solar AG. The other major reason for growth can be credited to the state of California, who has represented 70% of PV installations in the country. Solar photovoltaic market in California has grown rapidly due to strong policies in favor of solar energy initiated by the state government. California has taken specific campaigns like "Go, solar" Solar encouraging in the state so that in the main generator of solar energy in the U.S..
The current financial crisis will not make significant impact on the growth of the photovoltaic industry in the U.S.. The economic incentive programs support at federal and state for solar PV and extending the investment tax credit (ITC) program will boost the future development of solar energy and photovoltaic U.S. unit investment in the sector. The spread of ICT means that the states in the U.S. can now ramp efforts as loan programs for energy solar and renewable portfolio standards (RPS) in a big way. This would result in moving the industry in the U.S. with respect to the solar panels more efficient and lower costs. In this context, the annual solar PV installations in the country is expected to increase from 280 MW in 2008 to 1515 MW in 2013. The cumulative capacity installed PV solar is expected to reach 5293 MW in 2013. However, the credit crunch in the U.S. may affect small players in solar market who face difficulties in competing due to the contraction of credit. As a result, the scale of small solar companies are expected to be swallowed by the great giants leading to the consolidation of U.S. the solar industry.
Intensified political Grid Connectivity
The Grid connected solar PV increased from 31% of cumulative solar photovoltaic installations in 2001 to 61% in 2008. The key to increasing share of over-capacity of the network is mainly due to the incentives offered by federal and state governments as the Renewable Portfolio Standards (RPS), bonuses, California, Solar Initiative, etc. The accumulated solar photovoltaic grid representing 677 MW in 2008, that the state of California alone accounts for 468 MW. Other big states with a high installed capacity accumulated are New Jersey (63mW), Nevada (27 MW), Arizona (27 MW), New York (21 MW) and Colorado (21 MW). The states of Michigan, announced an ambitious plan known as "45-by-20" target. As part of this plan, the State undertook to take the 45% electricity generated by renewable energy by 2020. Washington State filed a new food in the fee schedule for development of renewable energy.
The U.S. market growth photovoltaic solar cell
The production of photovoltaic solar cells in U.S. has seen a steady increase in volume over the past five years. The production of solar cells from United States has grown from 100 MW in 2001 to reach 300 MW in 2008 at a CAGR of 15%. Companies producing cells in the U.S. are concentrating on the next wave of solar photovoltaic technologies. Currently, the U.S. accounts for approximately two thirds of world production of thin film. First Solar, Inc. is the leader in terms of production solar cell market share of U.S. 40% with a cell production capacity of 140 MW in 2008, followed by United Solar Ovonic, LLC (17%) 60 MW of capacity and the World Solar (10%) with 35 MW capacity. Other companies such as BP Solar (USA), Evergreen Solar and Schott Solar GmbH have also made their presence felt in the U.S. solar cell market.
The growth of cumulative installed capacity of photovoltaic solar energy to support economic incentive programs federal and state level. This, together with increased activity in cell production signals the growth prospects in the U.S. solar industry.
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