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Deutsche Bank says US solar boom to reach 50GW by 2016
Deutsche Bank says US solar boom to reach 50GW by 2016
By Giles Parkinson on 4 September 2013
Energy analysts at Deutsche Bank are predicting a huge surge in the uptake of distributed solar PV in the United States, the world’s biggest economy and electricity market, saying solar PV installations could rise 7-fold in coming years and lift overall solar PV capacity to nearly 50GW by 2016.
The expected boom in distributed solar – installations placed on homes and commercial businesses – is based on predictions that solar PV module prices will continue to fall, grid prices will continue rise, and innovative financing options will provide ample and cheap capital.
The US solar market has been dominated by utility scale installations to date, with comparatively little rooftop solar. But Deutsche Bank estimates that in 2015 and 2016, annual installation rates will jump to 12GW and 16GW, meaning it will likely overtake China, Japan and Germany for the most annual installations.
It says total capacity will grow to 50GW under this scenario (Germany is currently 35GW but slowing, while China aims for 35GW by 2015) and it says up to 30GW of this installed solar capacity will come from distributed generation.
“We believe 2015 will be a key inflection point for solar power in the United States...
By Giles Parkinson on 4 September 2013
Energy analysts at Deutsche Bank are predicting a huge surge in the uptake of distributed solar PV in the United States, the world’s biggest economy and electricity market, saying solar PV installations could rise 7-fold in coming years and lift overall solar PV capacity to nearly 50GW by 2016.
The expected boom in distributed solar – installations placed on homes and commercial businesses – is based on predictions that solar PV module prices will continue to fall, grid prices will continue rise, and innovative financing options will provide ample and cheap capital.
The US solar market has been dominated by utility scale installations to date, with comparatively little rooftop solar. But Deutsche Bank estimates that in 2015 and 2016, annual installation rates will jump to 12GW and 16GW, meaning it will likely overtake China, Japan and Germany for the most annual installations.
It says total capacity will grow to 50GW under this scenario (Germany is currently 35GW but slowing, while China aims for 35GW by 2015) and it says up to 30GW of this installed solar capacity will come from distributed generation.
“We believe 2015 will be a key inflection point for solar power in the United States...
- See more at: http://reneweconomy.com.au/2013/deutsche-bank-says-us-solar-boom-to-reach-50gw-by-2016-18298
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