The US solar marketplace, driven by a mix of policy mechanisms, technologies, and development strategies, is projected to grow at a robust pace, IHS Emerging Energy Research (Cambridge, Massachusetts) on June 29th, 2011 announced in a press release.

The market research company expects the US solar industry to surpass 42 gigawatts (GW) of total installations by the end of 2025, building on the currently installed 2.8 GW base.


PV to account for 80% of new solar capacity through 2025

Solar photovoltaics (PV) due to IHS EER will account for as much as 80% of the solar capacity added between 2011 and 2025. In areas of high solar resources, CSP and CPV technologies are more competitive and are expected to contribute the remaining capacity additions.


Solar Industry's credibility and experience to increase

Across the solar value chain, company strategies are becoming more defined and focused with increasing confidence in long-term build-out. The growing presence of leading power players and utilities in the solar development space is lending greater credibility and experience to a sector built by startups and technology promoters, HIS explains.

A new market study from IHS EER addresses the key factors impacting solar technology adoption and the evolution of the competitive landscape. The complete table of contents and a free excerpt of "US Solar Power Markets and Strategies: 2011-2025" are available on the IHS EER website.

2011-06-29| Courtesy:  IHS EER | solarserver.com © Heindl Server GmbH

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