A new paper by NOAA and CIRES finds that with the deployment of High Voltage Direct Current (HVDC) transmisson lines, the US can seriously ramp up the use of solar and wind power to meet the nation's energy needs. The findings are significant on several fronts. One, the US could meet much of its future electricity needs through clean energy at costs comparable to or lower than what we are paying today for fossil-fuel generated electricity. Two, The recent carbon reduction goals set by the US at the December 2015 COP21 summit could be met. or exceeded using only the electricity portion of our overall carbon emissions footprint. Our take on the report is that by using a multi-pronged "blocking and tackling" approach to our nation's energy demands (as opposed to a single "silver bullet solution") we can transition the economy to a lower carbon, flexible, smart and energy independent system.
2015 is shaping up to have been a banner year for American solar energy, and 2016 looks to be just as good. With the extension of the US Federal Investment Tax Credit (ITC) for solar, 2016 will almost surely see the One Millionth solar installation in the first half of the year. According to the research report GTM Research/SEIA U.S. Solar Market Insight, over 7 GW (gigawatts) will be installed in 2015, and forecasts are for 2016 to almost double that number. This would put total US installed solar capacity at roughly 40 GW by the end of 2016.
A new report from analyst WinterGreen Research, Inc. predicts that over the next six years, growth in the global solar industry will shift from huge industrial solar farms to commercial rooftop solar installations. The 700 page report, "Photovoltaic Solar Panel Market Shares, Strategies, and Forecasts, Worldwide, 2010 to 2016", is broken down into the the following topics:
You may have heard that solar stocks were up this week. You may also have heard that they were way down. You might also have heard that analysts are predicting great things for this year...or that they're not. What gives? I am no kind of market analyst; in fact, that's why I needed to delve into this week's strange stock happenings, because I couldn't make heads or tails of what was coming over the wires. Here are the key pieces of what's happened this week:
I'm no econ expert, but because I'm in the solar industry, I do try to keep an eye on solar shares. And because I'm no econ expert, man, do I ever love it when I come across a really good breakdown of market trends and forecasts. Keeping in mind that this is just one analyst's informed opinion, of course, I've been mulling over renewable energy markets expert J. Peter Lynch's recent posting on RenewableEnergyWorld.com.
The end of 2008 and beginning of 2009 were rocky for solar shares, as for so many aspects of the stock market. With strong federal support for solar power, though, and the cost of technology dropping, the solar industry may be finding firm footing once again. Forbes reported yesterday that solar shares were rising early this week as the market strengthened; on Tuesday, shares for solar manufacturers made sturdy progress, with SunPower (SPWR) going up 3 percent and shares for Trina Solar Ltd. (TSL) rising 7.4 percent.