220 Gigawatts of New Distributed Solar Generation Will be Added by 2018, Forecasts Navigant Research

  220 Gigawatts of New Distributed Solar Generation Will be Added by 2018,
  Forecasts Navigant Research

Business Wire

BOULDER, Colo. -- April 17, 2013

The global electric power industry is evolving from a financial and
engineering model that relies on large centralized power plants owned by
utilities to one that is more diverse, in terms of both the sources of
generation and the ownership of the generation assets. Distributed solar
photovoltaic (PV) systems offer the benefit of producing electricity onsite,
thereby reducing the need to build new transmission capacity and avoiding line
losses. According to a new report from Navigant Research, 220 gigawatts of
distributed solar PV capacity will be installed between 2013 and 2018,
representing $540 billion in revenue during this time.

“Used in applications ranging from residential to small commercial to
industrial settings, distributed solar generation offers significant benefits
to consumers while adding resiliency to an electric grid evolving beyond the
traditional centralized model,” says Dexter Gauntlett, research analyst with
Navigant Research. “Though this market is still primarily driven by government
incentives, distributed solar PV will continue its steady march toward grid
parity in major markets over the next few years.”

Even as distributed solar technologies have become more cost-effective, many
governments are reining in popular feed-in tariffs in leading markets. The
industry is fully aware that lucrative financial incentives will not be around
forever. As a result, many companies are looking at 2017 (the year after solar
PV investment tax credits expire in the United States) as the year that solar
PV will be able to stand on its own, without government support.

The report, “Distributed Solar Energy Generation”, analyzes the global market
for distributed solar PV systems less than 1 megawatt in capacity and provides
an assessment of the most important market drivers, technology trends, and
challenges faced by the growing distributed solar PV industry. Forecasts for
average installed prices and annual installations, segmented by region, extend
through 2018. An Executive Summary of the report is available for free
download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market
research and benchmarking services for rapidly changing and often highly
regulated industries. In the energy sector, Navigant Research focuses on
in-depth analysis and reporting about global clean technology markets. The
team’s research methodology combines supply-side industry analysis, end-user
primary research and demand assessment, and deep examination of technology
trends to provide a comprehensive view of the Smart Energy, Smart Utilities,
Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional
information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated
to assisting clients in creating and protecting value in the face of critical
business risks and opportunities. Through senior level engagement with
clients, Navigant professionals combine technical expertise in Disputes and
Investigations, Economics, Financial Advisory and Management Consulting, with
business pragmatism in the highly regulated Construction, Energy, Financial
Services and Healthcare industries to support clients in addressing their most
critical business needs. More information about Navigant can be found at
www.navigant.com.

* The information contained in this press release concerning the report,
“Distributed Solar Energy Generation,” is a summary and reflects Navigant
Research’s current expectations based on market data and trend analysis.
Market predictions and expectations are inherently uncertain and actual
results may differ materially from those contained in this press release or
the report. Please refer to the full report for a complete understanding of
the assumptions underlying the report’s conclusions and the methodologies used
to create the report. Neither Navigant Research nor Navigant undertakes any
obligation to update any of the information contained in this press release or
the report.

Contact:

Navigant Research
Richard Martin, +1-303-493-5483
richard.martin@navigant.com
or
Laverne Murach, +1-202-481-7336
laverne.murach@navigant.com
 
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