After lagging behind the utility scale segment of the solar power renewable energy sector is really starting to take off in the US; it is is now on par with the commercial and residential segments in terms of market size and growing at a higher rate. This post summarizes AltaTerra Research’s newest report, “Utility Solar: U.S. Market Takes Off”.
In this survey we are looking at the large US headquartered solar PV manufacturers with a view to examine how they are doing in this difficult economic climate. As basically anyone knows, who has not been cloistered away meditating in some cave, 2009 has been a very tough year for pretty much everyone.
By some measures 2009 has been the worst year in the young solar PV sectors history. In fact, global revenue for Photovoltaic (PV) panels is expected to drop by nearly 20 percent in 2009, as oversupply causes prices to crash by nearly fifty percent. Many of the weaker firms may not survive this shakeout and right now things do look very gloomy – even though by some other measures 2009 is not as bad as it may seem. For example more newly installed capacity (4.2 GW) is installed this year than any year – ever; however this is of little comfort to the many firms in this sector that are being buried under an avalanche of negative revenue. This article examines the short term outlook for the solar PV sector going forward, basing itself on market data from a recent iSuppli study.
New Investment in clean energy worldwide rallied in the second quarter of 2009, reaching $24.4 billion, according to figures published recently by New Energy Finance. The data, which is based in actual deal and project transactions, show that during the second quarter, there was a big improvement on the first quart of 2009, when investment was just $13.3 billion. Despite this dramatic increase in investment, the investments of the second quarter were 37% below the investment amount from the same quarter last year, when the figure was $36.2 billion.
The Natural Resources Defense Council (NRDC) recently announced their list of the greenest cities in the United States and have released their findings on a new web site, called Smarter Cities. The survey includes all cities in the United States with populations larger than 50,000. Smarter Cities is considered to be one of the nation’s most comprehensive and robust database of U.S. urban progress toward sustainability. Seattle ranked number one and San Francisco ranked number 2 among the 67 large cities that were evaluated. Madison, Wisconsin placed firstand Santa Rosa, California came in second among the 176 medium cities that were surveyed. Among the 402 cities that were evaluated, Bellingham, Washington came in first place and Mountain View, California came in second.
RecyGrow hopes to create 500 green jobs in WI. Culver Signs Wind Energy Bill to Bring 2,300 Green Jobs To Iowa. Oregon House Considers Green Jobs Legislation. Exelon and SunPower to Develop Nation’s Largest Urban Solar Power Plant Creating 200 Jobs in Chicago.
SOLAR ENERGY UPDATE: Concerns Raised About Impact of Solar Projects in The Mohave Desert, New 10MW PV Solar Energy Plant Planned for Chicago, Wal-Mart Expanding Its Use of Solar Power, India SEMI Has Plans to Get on The Global Dolar Map, First Solar to Build 53 MW Solar Facility in Germany
This update highlights several current issues and developments in the solar energy space. Concerns have been raised about the potential deleterious impact of utility scale solar energy projects in the fragile water poor desert environments of the Mohave Desert. Large scale solar collection farms use water to wash the mirrors and for concentrating solar thermal often use water for cooling.
The Report can be purchased as part of a subscription to Progressive Investor or separately for $89. Progressive Investor is a monthly newsletter that guides investors and analysts toward green investments. Published by SustainableBusiness.com, it covers all green business sectors, including renewable energy, green building and healthy lifestyle. You can read an excerpt of the Report on SustainableBusiness.com. It is an in-depth interview with Patrick McVeigh, president of Reynders, McVeigh Capital Management, a green/social portfolio management firm. Progressive Investor talked with him about his impression of market conditions, the impact of the stimulus plan on cleantech, and how they are managing porfolios under these circumstances. You can also read the sample article, The Green Investment Landscape.
A solar power plant construction will brings 200 green jobs to Denver. Annapolis will build a clean-energy industrial park. Feingold announced stimulus funds to create green jobs inWisconsin. Ohio hopes to offset job loss by investing in alternative energy and providing incentives to business. The Los Angeles building retrofit program is designed to boost green jobs.