U.S. Solar Power Industry Continues to Grow

A newly published research report stated that under the advocacy of the federal and local governments, the US solar power industry is developing rapidly and it is estimated that market demand will double in 2011 compared with last year.

According to a report recently published by the American Solar Energy Industry Association and GTM Research Institute, more U.S. households will install solar photovoltaic panels and other photovoltaic equipment on the roof this year, with a total installed capacity of approximately 1800 megawatts. In the first quarter of this year alone, the installed capacity of photovoltaic equipment connected to the grid in the United States reached 252 MW, an increase of 66% over the same period of last year.

Kahn, Executive Director of the Solar Energy Research Center at the GTM Research Institute, said that at present, Europe is still the largest and most mature market in the global photovoltaic industry, but the United States has become the most attractive market, and its growth rate has surpassed that of Europe, and the market size will be very fast. More than Europe.

He said that the proportion of photovoltaic equipment installed in the United States in the world will increase from 5% last year to 9% this year. This growth rate is impressive. The report also pointed out that although the United States has installed approximately 2,300 megawatts of photovoltaic equipment in recent years, at present, the United States still only accounts for a small part of the total electricity generated by the United States.