Monday, September 10, 2012

US Will Install In The Current Year As Much Solar Power As It Did In Past Decade Due To Cheap Foreign-Made Imported Solar Cell Panels

From The Wall Street Journal, "Sun Peeks Through in Solar: Overseas Suppliers Trounce U.S. Panel Makers but Installations Are Soaring" by Ryan Tracy and Cassandra Sweet:
The solar-power business is expanding quickly in the U.S., helping lift the cloud that has surrounded the industry since the demise of Solyndra LLC a year ago.

Source: The Wall Street Journal

But the growth isn't coming from U.S. solar-panel manufacturing, despite the money and rhetoric devoted to the industry by the Obama administration. Instead, it is in installations of largely foreign-made panels, whose falling price has made solar more competitive with other forms of power.
The U.S. is on pace to install as much solar power this year as it did in this century's entire first decade: at least 2,500 megawatts, the equivalent of more than two nuclear-power plants. The U.S. added about 742 megawatts of solar capacity in the second quarter, or enough to power about 150,000 homes, the Solar Energy Industries Association said in a report scheduled for release Monday.

1 comment :

  1. I think they should keep installing panels, they're not hurting anyone so I don't understand why they wouldn't. I have been looking at Solar Energy San Francisco and they seem to be installing more and more.