Showing posts with label five-fold. Show all posts
Showing posts with label five-fold. Show all posts

10 July, 2015

Solar gardens, or 'shared solar' takes us to the tipping point


F

or much of the recent rise of solar power, the industry has been divided in two: distributed rooftop solar, and utility-scale solar parks.

According to a new report from GTM Research, a third type of solar in which consumers share renewable energy installations is set to take off this year — and to represent a large market share of the industry by 2020.

Known as community solar, solar gardens, or more simply shared solar, GTM researchers found that the U.S. “market is approaching a tipping point.”

With a total of 66 megawatts installed cumulatively by the end of 2014, the report predicts that installations will grow five-fold in 2015, with 115 megawatts installed.

By 2020, there will be 1.8 gigawatts, nearly equivalent to the total amount of solar power installed in the United States in 2012.