AltaTerra: U.S. solar power market soaring

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The solar power market in the United States is in the midst of a dramatic upswing, with utility customer installations increasing from 65 MW in 2009 to 251 MW in 2010, according to a forthcoming report from AltaTerra Research (Palo Alto, CA). Pre-releasing highlights from the report at the Solar Power International conference in Los Angeles on October 13, AltaTerra said that the utility segment of the U.S. solar power market is about the same size as the commercial segment but it growing at a greater pace. About 68% of utility projects are 10 MW or greater, the report noted. “The creation of a utility customer base for solar power, more or less overnight, is one of the most important trends in renewable energy in North America,” said Jon Guice, one of the report's authors and managing director of research at AltaTerra. “It also has important implications for consumers and businesses who want greener energy, and for the technology, finance, construction, and other companies that are building these massive solar farms.”

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