The U.S has started its renewable energy revolution
The SEPA (Solar Electric Power Association) just published its report on solar energy installation for 2013 in the U.S. The first impressive learning is that solar is growing exponentially in the country, thanks to a massive development spurred by utilities. Last year only, they installed 2627 MW out of 4212 MW or 62% of the total. Thanks to them also the U.S total solar capacity passed the 10GW mark at the end of 2013. Another way to look at it: in one year, the U.S installed almost 60% of all the capacity installed before. On top of that, 70% of the utilities are offering their customers net metering programs and 45% are offering specific programs for key accounts. No surprise most the nation’s solar capacity is installed in California (55% of the total) but Hawai’i is leading the pack in terms of solar capacity per customer with three utilities among the top ten. These numbers confirm the recent report published by the EIA according to which the U.S added 418% new solar capacity since 2010. The nation is still far behind solar world leader Germany that had 36GW of solar installed at the end of 2013 but there is no doubt solar energy is becoming very significant in the U.S. and likely to catch up within a few years. More importantly, this boom for renewable energy is not restricted to solar. A few weeks ago, the American Wind Energy Association published a report showing that wind energy had reached 61 GW capacity in the U.S at the end of 2013; a boom that is not even close to stop. Yesterday Smartgrid-CI published a story about the phenomenal amount of wind farm construction scheduled to be completed in the next 12 month; no less than $44B.