U.S. Solar Power Rises 15% on Large Scale Power Projects

Developers installed 832 megawatts of solar power capacity in the U.S. in the second quarter, led by large projects that sell electricity to utilities, a trade group said.

Installation grew 15 percent from the prior quarter, with flat results in the residential market and commercial demand slumping 11 percent, the Washington-based Solar Energy Industries Association said today in a statement. Utility-scale projects increased 42 percent.

The U.S. will probably install 4.4 gigawatts of solar power this year, up 30 percent from 2012, as demand increases for residential rooftop systems and the pipeline of utility-scale projects increases, according to Shayle Kann, vice president of research in Boston at GTM, which wrote the report with SEIA.

“Distributed generation is the big story in the U.S. solar market this year,” Kann said in the statement. “We expect significant growth, especially in the residential sector, but the future will be dictated by the increasingly-complex nexus between the solar industry and utilities.”

Before it's here, it's on the Bloomberg Terminal.