Tuesday, July 7, 2009

CA Solar Market Doubling Every Year Despite Recession

California’s new solar capacity project almost doubled last year, a better-than-expected performance as the state aims to reach 3,000 megwatts from solar panels by 2017.
California added 156 megawatts in 2008, compared to 81 in 2007, despite the global recession. Energy officials expect another 150-plus megawatts added this year.
The state announced a far-reaching $3.3 billion effort to install 3,000 megawatts of new grid-connected solar panels by 2017, with the aim to curb development and production costs. The California Public Utilities Commission accounts for two-thirds — or $2.2 billion — of the budget with a goal of installing 1,940 megawatts as part of the 10-year California Solar Initiative program.
The California Solar Initiative has installed 13 percent of the goal for the 10-year program, with another 8 percent in applications pending during the first two years.
“This program is delivering on California’s commitment to the solar industry, which has an absolutely essential role to play in our efforts to address climate change,” CPUC president Michael Peevey said in a news release.

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