• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Corporate News
  • Generation
  • Oil & Gas
  • Regulation
  • Renewable
    • Climate
    • Solar
    • Wind
  • Storage
  • Tech
  • T & D
Energy News Desk Logo

Energy News Desk

Energy News and Data

SEIA: Solar Rebounds from Pandemic in Q3

December 15, 2020 by Solar Industry Mag

U.S. solar companies installed 3.8 GW of new solar photovoltaic (PV) capacity in Q3, a 9% increase from Q2 installations as the industry experienced a recovery from the worst impacts of the COVID-19 pandemic, according to the U.S. Solar Market Insight Q4 2020 report recently released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.

The report projects a record 19 GW of new solar capacity installations this year, representing a 43% year-over-year growth from 2019. Solar accounts for 43% of all new electric generating capacity additions through Q3 – more than any other electricity source. 

“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,” says Abigail Ross Hopper, president and CEO of SEIA. “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.”

The residential solar market – which was the hardest hit by the business impacts of the pandemic – beat recovery expectations, growing 14% over Q2 – but remained below Q1 levels. The utility-scale market was the primary driver of Q3 installations with 2.7 GW of new capacity, representing 70% of all solar capacity brought online in Q3.

Sun Belt states are leading the way on new capacity additions this year, with Texas and Florida both installing more than 2 GW through Q3 – nearly the amount of solar that each of those states installed over 2018 and 2019 combined.

The utility-scale project pipeline ballooned to a record 69.2 GW. The U.S. is now forecast to reach 100 GW of cumulative installed solar capacity by mid-2021.

Photo Source

Filed Under: Renewable, Solar

Primary Sidebar

Join The Daily Charge

This week's top 5 stories in your inbox. No spam ever.

Trending

  • Avangrid Begins Construction on La Joya Wind Farm
  • AES Makes Strategic Investment in 5B to Accelerate Solar Transition
  • Germany’s ‘very, very tough’ climate battle
  • CIT Group Arranges Letter of Credit Facility for 8minute Solar
  • eia.gov logo U.S. liquefied natural gas exports remain at low levels this summer
  • Dynegy Enters Partnership to Supply Willis Tower with Renewable Electricity
  • Boskalis Awarded Two Exceptional Projects
  • Volkswagen ordered to offer compensation for emissions scandal
  • U.N. delays global climate talks amid coronavirus crisis
  • As Russia and Saudi Arabia Retreat, U.S. Oil Industry Avoids the Worst

Footer

Trending

  • Department of Veterans Affairs Approves Solar Exam Reimbursements
  • Silfab Solar Launches New Line of Back-Contact PV Modules
  • Types Of Renewable Energy Generation
  • Leeward Taps GE Renewable Energy to Repower New Mexican Wind Project
  • Texas Governor Receives TGE’s Wind Leadership Award

Recent

  • Quick Tips To A Sustainable Future
  • Stem Provides Smart Energy Storage Solutions to Today’s Power
  • EIA's AEO2021 shows U.S. energy-related CO2 emissions rising after the mid-2030s
  • Homeowners associations still a barrier for some would-be solar customers
  • Commentary: With open standards, U.S. can build EV charging infrastructure faster

Search

Contact Us

Write For Us

  • Email
  • Facebook
  • Twitter

Copyright © 2023 · EnergyNewsDesk.com