U.S. Solar Market Overview
The solar energy industry has innovated and scaled up rapidly in recent years, making it an attractive opportunity for impact investors. But in order to keep global temperature rise well below 2 degrees Celsius this century, humanity needs greater capital flow to meet the gap of approximately $700B per year in clean energy and climate finance. Impact investors are well poised to leverage the many investment vehicles available to them to address this financing gap and further support the growth of the solar market.
Driven by significant technological cost reductions, the solar industry is nearly ten times the size it was just one decade earlier. The global solar PV market will add over 100 gigawatts of capacity for the first time in 2018, with installations reaching 104 gigawatts — representing 6% annual growth.