Solar Power Generation Industry Profile

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Excerpt from Solar Power Generation Industry Profile

Companies in this industry operate power generation facilities that use energy from the sun to produce electric energy. Major companies include diversified electric utilities and independent producers Berkshire Hathaway Energy, NextEra Energy, Pacific Gas and Electric, Southern California Edison, and TerraForm Power (all based in the US); as well as Beijing Enterprise Holdings (Hong Kong), Enerparc (Germany), Lightsource BP (UK), and SPIC (China).

Asia has surpassed Europe as the most advanced market for solar energy generation. China leads the world in installed solar energy capacity, followed by Germany, India, Japan, and the US, according to NS Energy. China also dominates manufacturing of photovoltaic (PV) cells, the leading technology used to produce solar power, accounting for a significant amount of global production.

The US solar power generation industry includes more than 200 establishments (single-location companies and units of multi-location companies) with combined revenue of about $2 billion that provide a small but growing amount of the nation's electricity. Overall, solar energy accounts for about 9% of energy consumed in the US, according to the Energy Information Administration.

COMPETITIVE LANDSCAPE

As with other power sources, demand for solar power is driven by residential, commercial, and industrial electricity demand, which increases with population and economic growth. Additionally, growing concern over environmental and geopolitical issues surrounding fossil fuels has boosted interest in renewable energy sources such as solar.

The profitability of individual companies is determined by government ...

 
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