Dec 3 2010
GTM Research has released a new report on utility PV market in the US. The research report covers key players, demand, and strategy of the market. It also provides project economics of the industry through 2015.
The report says currently, the US utilities have more than 5 GW of power purchase deals till 2015. This makes the utilities, a major player in the future global PV market. The market research report offers an in-depth analysis of the present situation of the industry with focus on future supply, development, regulatory, and economical conditions. Other information provided by the report includes developer and supplier positioning, procurement strategies, and regulatory influence.
The author of the report, Shayle Kann, said that the current value of the utility PV market in the US is $1 billion, while it is expected to touch $8 billion by the year 2015. This has been noted by the industry players and they are investing enormous amounts to exploit the market.
Although local companies, as well as foreign solar companies, have got many contracts in hand, the industry is still budding. At present, solar power below 250 MW is being generated. The industry growth has also slowed down due to various obstacles such as financing bottlenecks, prevailing challenges, and the non-extension of US Treasury cash grant.