U.S. solar growth in Q1 2012 breaks record

The U.S. installed a record of 506 MW over the first three months of 2012, more than any other first quarter on record, according to a new report by GTM Research and the Solar Energy Industries Association (SEIA).

The solar activity in the first quarter of 2012 brings the total amount of solar PV across America to 4,427 MW. In addition, concentrating solar power (CSP) facilities are providing 516 MW of electric power to the U.S.

“Installations have grown by 85 percent in the last year,” said Rhone Resch, president and CEO of SEIA.

The report, U.S. Solar Market Insight: Q1 2012, forecasts total 2012 annual solar PV installations to exceed 3,200 MW, 75 percent greater than last year’s total and 15 percent higher than previous annual forecasts for 2012.

To download the report, click here.

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