Released February 06, 2017 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Solar power projects that have filed interconnect requests in states that deliver electricity in the regional transmission organization (RTO) PJM Interconnection are having a record year. The RTO coordinates the movement of electricity in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, New Jersey, Michigan, North Carolina, Ohio, West Virginia, Pennsylvania, Tennessee, Virginia and the District of Columbia.
Requests by renewable solar developers across the region were sharply higher than previous years due to federal and state renewable tax credits, as well as the decline in costs to build utility-scale solar projects. North Carolina also has allowed solar projects as low as 1,000 kilowatts to participate in the state's net metering, which allows excess generation to be sold back to the grid, ranking it third in installed capacity.
Industrial Info is tracking 94 solar power projects valued at $7.24 billion in the 14 states that make up PJM, with the top three being North Carolina, with 42 projects valued at $4 billion; Virginia, with 23 projects valued at $1.53 billion; and Maryland, with 13 projects valued at $1 billion.
The U.S. installed 4,143 megawatts of solar photovoltaic power capacity in the third quarter of 2016 to reach 35.8 gigawatts of total installed capacity. Despite low power purchase agreements (PPA) pricing of between $35 and $60 per megawatt-hour, utility-scale solar development continues to expand throughout the U.S., even though some utilities already have met their renewable portfolio standards obligations.
For more information, see February 1, 2017, article - North American Solar Power Development Expected to Surge in 2017, 2018.
The top six states for solar photovoltaic installations are California, Utah, Texas, Georgia, Colorado and North Carolina, according to the Solar Energy Industries Association (SEIA). Utility-scale solar continues to be the primary driver of installation growth in the U.S. solar market, and SEIA predicts that 2017 will be a record year due to additional project spillover from 2016 and less evidence of solar project cancellations going forward.
Utilities, especially in the Southeast, continue to procure solar projects to add to their portfolio as a hedge against natural gas price volatility expected over the next few years.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
Requests by renewable solar developers across the region were sharply higher than previous years due to federal and state renewable tax credits, as well as the decline in costs to build utility-scale solar projects. North Carolina also has allowed solar projects as low as 1,000 kilowatts to participate in the state's net metering, which allows excess generation to be sold back to the grid, ranking it third in installed capacity.
Industrial Info is tracking 94 solar power projects valued at $7.24 billion in the 14 states that make up PJM, with the top three being North Carolina, with 42 projects valued at $4 billion; Virginia, with 23 projects valued at $1.53 billion; and Maryland, with 13 projects valued at $1 billion.
The U.S. installed 4,143 megawatts of solar photovoltaic power capacity in the third quarter of 2016 to reach 35.8 gigawatts of total installed capacity. Despite low power purchase agreements (PPA) pricing of between $35 and $60 per megawatt-hour, utility-scale solar development continues to expand throughout the U.S., even though some utilities already have met their renewable portfolio standards obligations.
For more information, see February 1, 2017, article - North American Solar Power Development Expected to Surge in 2017, 2018.
The top six states for solar photovoltaic installations are California, Utah, Texas, Georgia, Colorado and North Carolina, according to the Solar Energy Industries Association (SEIA). Utility-scale solar continues to be the primary driver of installation growth in the U.S. solar market, and SEIA predicts that 2017 will be a record year due to additional project spillover from 2016 and less evidence of solar project cancellations going forward.
Utilities, especially in the Southeast, continue to procure solar projects to add to their portfolio as a hedge against natural gas price volatility expected over the next few years.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
