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Expiry of US Treasury Grant challenges solar PV market

The expiry of the Treasury Grant Program at the turn of the year, which has been one of the main drivers of solar photovoltaic (PV) market growth within the previous two years, is posing an added challenge for the industry.

By Kari Williamson

Between 2009 and 2011, the programme funded solar PV electricity projects with more than US$1.4 billion and was responsible for approximately 1 GW of newly installed capacity.

Due to the expiry, investments in solar PV systems will be less attractive and a decrease is expected in the field of system sizes above 50 kW because the main focus of the TGP was on this segment, according to the organisers of the 5th PV Briefing and Networking Forum USA, which took place this week in California.

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Photovoltaics (PV)  •  Policy, investment and markets