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GTM Research: Majority Of Utility-scale PV Procurement In The U.S. Will Be Driven By Competitive Projects Outside A RPS

Shenzhen Shine Solar Co.,Ltd | Updated: Mar 07, 2016

According to GTM Research's (Boston, Massachusetts, U.S.) latest report, The Next Wave of U.S. Utility Solar: Procurement Beyond the RPS,” the United States will install 5.9 gigawatts (GW) of non-renewable portfolio standard (RPS) utility solar PV in 2016.

That’s well more than the 4.1 GW the entire utility-scale segment installed in 2015, which was a record breaking year for the nation and the segment.

 

Utility-scale PV’s value proposition is evolving beyond simply meeting an RPS obligation

Currently, the U.S. has installed 13.8 GW of utility-scale solar PV, with 80% of that coming from projects procured by utilities to meet state-level Renewable Portfolio Standards (RPS) requirements.

But with PPA prices now ranging between USD 40 and USD 60/MWh, utility PV’s value proposition is evolving beyond simply meeting an RPS obligation, explains GTM solar analyst Colin Smith.

With the federal ITC now extended beyond 2016, GTM Research expects non-RPS market drivers to drive the majority of utility PV procurement between now and 2020.

The three major non-RPS market drivers that are fueling the utility PV pipeline include voluntary utility procurement, retail customer procurement, and qualified facility development enabled through federal legislation called PURPA (Public Utilities Regulatory Policies Act).


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