The US hit another landmark in the race to lead the global clean revolution, as a report shows the nation’s solar markets grew 76 per cent last year, to reach a market value of US$11.5 billion.
By the end of 2012, the US cumulatively generated 7.2 gigawatts of solar energy, according to the US-based group Solar Energy Industries Association (SEIA).
Photovoltaic (PV) installations spiked 76 per cent on 2011’s numbers to reach a total of 3.3 megawatts in 2012. This total represents a tenth of the global solar market.
SEIA state that the market value of solar grew 34 per cent to reach US$11.5 billion, with each individual market segment boasting significant growth. It also reveals that installed prices for PV systems dropped 27 per cent in 2012.
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