Installation Of Utility-Scale Solar Power Plants Sped Up Due To Government Incentives

The adoption of utility-scale photovoltaic (PV) and concentrating solar power (CSP) plants in the United States is expected to accelerate during the next decade. The presence of high solar irradiance, along with continuous pressure from the government to implement renewable energy technologies, fuels demand for solar projects.

As solar energy competes with conventional forms of electricity generation, the potential market for utility-scale solar power plants in the country is on the rise. Cumulative PV solar installations in the United States reached 1,855 megawatts (MW), with the utility-scale segment accounting for 32.2 percent. Lower solar module prices have led developers of utility-scale applications, such as the Blythe solar power project in California, to opt for PV technologies over CSP.

“Though no new CSP plants were installed in the United States during 2011, projects totaling more than 1.4 gigawatts were under construction,” said Frost and Sullivan Senior Industry Analyst Georgina Benedetti. “These projects in the CSP segment are likely to speed up overall market growth.”

Expediting solar installations are renewable portfolio standards (RPS), which mandate electricity supply companies to produce a specified fraction of their electricity from renewable energy sources. A few states require some portion of the RPS to come from solar resources. Federal incentives such as investment tax credits and loan programs will continue to promote large-scale commercialization of solar energy, and boost the setting up of solar plants in the United States.

Source and Read More 

If you want to know more about this and other topics directly from end users of energy storage technologies join us at one of these annual events: The Energy Storage World Forum (Grid Scale Applications), or The Residential Energy Storage Forum, or one of our Training Courses.

LATEST ARTICLES

Annual Installed Capacity Significantly Increases

While the global market was under the haze of the epidemic and many countries were still in lockdown, the energy storage market showed extremely strong resilience and began to recover and grow since Q3 and Q4 of 2020. According to the BloombergNEF report, the global energy storage market in 2020 has developed faster than expected,…

Read More

When Global Green Economy Met Energy Storage

Our energy system is dynamically evolving. The realization of the urgency towards Net Zero, Green economies has been more pressing than ever. The energy transformation serving a more sustainable future, safeguarding our ecosystem and protecting our planet is of paramount importance for many developed and developing nations across the globe. In this analysis, we delve…

Read More

★REVIEWS

“Probably the most interactive and well organized storage event on the calendar.”

★★★★★

Sales Director, S&C

“Great topics, competent speakers, good networking: keep it like that.”

★★★★★

TLC & SCADA Manager, FRI-EL

“High scientific content, well targeted, perfect organization.”

★★★★★

Expert Technical & Governance, Elia

Excellent networking event. The sponsorship was well worth it.”

★★★★★

Manager, ATL

View More

x