January 27 (Renewables Now) - Following the trends of the last decade, the solar capacity of North America substantially grew in 2019, reaching an annual growth rate that has not been witnessed in three years. The PV capacity of Canada is expected to have grown by 1.8 GW in 2019, which is more than a 50% increase compared to the previous year. Despite this increase, the more dynamic solar developments in the US are poised to result in new PV installations seven times greater than Canada’s growth.
In order to better understand the continuously changing, and highly competitive landscape of solar PV ownership in North America, Solarplaza publishes a series of data overviews to keep track of the solar portfolio development around the globe. As highlighted in the latest edition of ‘Top 50 Solar Portfolios in Northern America’, the annual power output of solar PVs in the US will exceed 100,000 GWh for the first time in history, marking another significant milestone in the solar PV market in North America.Among other market dynamics, trends and insights into the region’s fifty largest operational portfolios underlined in the overview, a shift in the persistent past trends is observed. Part of this shift points to an increased amount of investments by asset owners based in the state of New York. In terms of portfolio types, IPPs largely dominate the biggest asset owners in the US and Canada. A complete analysis and breakdown of portfolio types, their geofocus and capacities are provided in the publication.
To learn more about the continuously changing, and highly competitive landscape of North American solar market, and hear how the leading asset owners are shaping the market, join the 7th edition of the pre-eminent ‘Solar Asset Management North America’ event in Oakland on 7-8 April.