US solar market to grow modestly in 2019 – EIA

US solar market to grow modestly in 2019 – EIA

Mubasher: The US Energy Information Administration (EIA) significantly reduced its projections for utility-scale solar deployment in the country for 2019 from 11.4 gigawatts (GW) to only 6.33 GW.

In its Short Term Energy Outlook (STEO) for August 2018, the agency expected 3.94 GW of alternative current (GW-AC) of residential, commercial and industrial solar capacity would come online during 2019, bringing the total capacity to 10.3 GW.

This represents 7% growth on the 9.58 GW-AC that the EIA estimates will come online by the end of this year.

In terms of the ratios of the alternative current to the direct (AC/DC), this is substantially more than 11 GW of direct current (GW-DC) expected to come online in 2019, according to market analysis firm GTM Research.

In addition, the EIA predicted that solar generation will grow 23% this year to an average 260 gigawatt hours per day (GWh/day), which accounts for 2.4% of daily demand.

In addition, the EIA projected that solar generation will only grow 12% in 2019 to 290 GWh/day, despite larger volume of solar generation deployment.