With utilities adopting standards to increase the amount of solargenerated electricity in coming years, the US could bolster its presence in the global solar-power market. The quickening growth pace could present attractive opportunities for investors, according to some professionals.
At the end of 2009, the US ranked fourth in total solar capacity, with 2.09 gigawatts installed, behind Germany with 9.79Gw, Spain with 4.01Gw, and Japan with 2.68Gw, according to Bloomberg New Energy Finance. With the US installed capacity growing at a faster pace than that of the international market, the country may be on track to become a more dominant market by 2014, according to Larry Sherwood, an analyst at the Interstate Renewable Energy Council.
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