The United States Solar Energy Industry Association (SEIA) recently released four research reports that clarified issues such as the collapse of US solar energy companies and the poor market.
Previously, the bankruptcy of American PV companies such as Solyndra had sparked market debates. Some even thought that this was the result of unfair competition by Chinese PV companies. In this regard, the report believes that the collapse of Solyndra cannot represent the status quo of the US solar industry, because in any dynamic competitive market, there are always some companies that are thriving and others are facing failure. Despite the support of the federal government, Solyndra went bankrupt because of its unsustainable business model. Solyndra is unable to survive in this high-tech dynamic market when it comes to the pressure of photovoltaic cell price cuts. The competition in the photovoltaic industry is a good thing for American consumers. It drives down costs and allows more and more Americans to use solar power.
The report stated that although the Solyndra company went bankrupt, the U.S. Department of Energy’s loan guarantee program still contributed to the decline in the price of solar power, making it more affordable for businesses and households to pay for solar power. An average loan guarantee of US$1 can attract private investment of US$13.
The data shows that as of September 16, 2011, the US Department of Energy has secured 42 energy projects, attracted more than $40 billion in private investment, and created tens of thousands of jobs.
Concerning the outside world's view that the development of the US solar industry is not good, the report counters that solar energy has become the fastest growing part of the US energy sector, and by 2014, the United States will become the world's largest photovoltaic market.
According to statistics, in the first half of 2011, the installed capacity of photovoltaic power in the United States reached 582 megawatts, which exceeded the total installed capacity of 435 megawatts in 2009. Cumulative solar power generation amounted to 3183 megawatts, enough to support the average electricity demand of 630,000 U.S. households.
It is worth noting that there are rumors that the US solar energy products are produced in China. The report disclosed that even in the case of China, the trade surplus of US solar energy products is still very significant. The total export of solar energy products in the United States is 5.6 billion U.S. dollars, and the total net export volume reaches 2 billion U.S. dollars. In the same year, the direct value created by the installation of the US solar system reached 6 billion U.S. dollars, of which more than 4.4 billion U.S. dollars (75% of the total value) flowed to the United States.
According to another report, with the growth of the solar energy industry, its impact on the U.S. economy has also increased. As of August 2011, the United States solar industry has created more than 100,000 jobs, which is twice as many as in 2009. Most of these jobs are concentrated in small businesses, while others are employed in large companies. To date, there are an average of 5,000 solar companies in each state in the United States. This also corrects the misconception that the US solar industry does not create jobs.
In addition, there are rumors that the size of the US solar market is small. The report stated that the U.S. solar energy market is huge and growing rapidly. In 2010 alone, the value of the installed solar system reached $6 billion. In the second quarter of 2011, the US solar energy market grew by 69%, contributing to economic recovery.
Previously, the bankruptcy of American PV companies such as Solyndra had sparked market debates. Some even thought that this was the result of unfair competition by Chinese PV companies. In this regard, the report believes that the collapse of Solyndra cannot represent the status quo of the US solar industry, because in any dynamic competitive market, there are always some companies that are thriving and others are facing failure. Despite the support of the federal government, Solyndra went bankrupt because of its unsustainable business model. Solyndra is unable to survive in this high-tech dynamic market when it comes to the pressure of photovoltaic cell price cuts. The competition in the photovoltaic industry is a good thing for American consumers. It drives down costs and allows more and more Americans to use solar power.
The report stated that although the Solyndra company went bankrupt, the U.S. Department of Energy’s loan guarantee program still contributed to the decline in the price of solar power, making it more affordable for businesses and households to pay for solar power. An average loan guarantee of US$1 can attract private investment of US$13.
The data shows that as of September 16, 2011, the US Department of Energy has secured 42 energy projects, attracted more than $40 billion in private investment, and created tens of thousands of jobs.
Concerning the outside world's view that the development of the US solar industry is not good, the report counters that solar energy has become the fastest growing part of the US energy sector, and by 2014, the United States will become the world's largest photovoltaic market.
According to statistics, in the first half of 2011, the installed capacity of photovoltaic power in the United States reached 582 megawatts, which exceeded the total installed capacity of 435 megawatts in 2009. Cumulative solar power generation amounted to 3183 megawatts, enough to support the average electricity demand of 630,000 U.S. households.
It is worth noting that there are rumors that the US solar energy products are produced in China. The report disclosed that even in the case of China, the trade surplus of US solar energy products is still very significant. The total export of solar energy products in the United States is 5.6 billion U.S. dollars, and the total net export volume reaches 2 billion U.S. dollars. In the same year, the direct value created by the installation of the US solar system reached 6 billion U.S. dollars, of which more than 4.4 billion U.S. dollars (75% of the total value) flowed to the United States.
According to another report, with the growth of the solar energy industry, its impact on the U.S. economy has also increased. As of August 2011, the United States solar industry has created more than 100,000 jobs, which is twice as many as in 2009. Most of these jobs are concentrated in small businesses, while others are employed in large companies. To date, there are an average of 5,000 solar companies in each state in the United States. This also corrects the misconception that the US solar industry does not create jobs.
In addition, there are rumors that the size of the US solar market is small. The report stated that the U.S. solar energy market is huge and growing rapidly. In 2010 alone, the value of the installed solar system reached $6 billion. In the second quarter of 2011, the US solar energy market grew by 69%, contributing to economic recovery.
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