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Solar installations surge on strong utility market

Mon, 09/10/2012 - 2:24am
Reuters

LOS ANGELES (Reuters) - U.S. solar installations jumped 116 percent in the second quarter from a year ago thanks to the completion of more than 20 big projects for utilities, according to an industry report released on Monday.

The quarter was the largest ever for utility installations, which represented 447 megawatts of the 742 MW total.

Procurement of utility-scale projects, however, is down, the report said, meaning such lofty figures are unlikely to continue quarter after quarter. That's because utilities in states where they are required to source a percentage of their power from renewable sources have largely met those requirements for now.

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