By Sarah Lozanova, Solar Energy Writer
U.S. electric utility purchases of solar energy soared in the first half of 2018, despite the Trump administration’s tariff on imported solar panels. In fact, 8.5 gigawatts (GW) of utility solar projects were procured in the first half of 2018, according to a report by report by Wood Mackenzie Power & Renewables, enough solar electricity to power approximately 1.4 million homes. It is good news for the solar energy industry.
Why the Utility Solar Market Is Significant
The market for utility-grade solar photovoltaic (PV) technology is important to follow because utility solar installations comprise over 50 percent of the total solar energy market and are instrumental in large-scale solar energy deployment. What distinguishes utility solar installations is that the power is sold to wholesale utility buyers and not retail consumers as with residential solar installation.