According to data from GTM Research’s Utility PV Market Tracker, the United States now has over 10 gigawatts of solar PV projects under construction.
Just three years ago, the U.S. was on the cusp of installing its 10th cumulative gigawatt– and that was across all market segments. It was a milestone several decades in the making.
Now, we’re going to see 10 gigawatts of PV come on-line within a single market segment over the course of just a few quarters.
Prior to the extension of the federal Investment Tax Credit, developers built up a massive pipeline of projects with 2016 completion dates. Halfway through the year, we’re now seeing a realization of that pipeline…