U.S. Utility Solar 2016 Rankings: Top 10 Utility PV Developers, Owners, Offtakers and State Markets

by Colin Smith

GTM Research's U.S. Downstream Utility-Scale Solar Service provides the most in-depth and up-to-date data and insight on the nation's largest solar segment.

In this report, GTM Research profiles the top 10 utility PV developers, owners, utility offtakers, and states based on 2016 installations. In 2016, U.S. utility solar added a record 10.6 GWdc. The top states, developers and owners that defined the market boom all benefited from utilities that over-procured solar in 2014 and 2015, stemming from uncertainty over the extension of the 30% federal ITC.

As utility procurement recovers after the 2016 install boom, utility solar should resume growth in 2019, ahead of the scheduled phasedown of the federal ITC. The uptick in non-RPS procurement and project owners with in-house origination are interrelated drivers of that market recovery. As competitive PPA pricing dips and terms shorten, there must be developers that can tolerate tighter returns. Throughout this brief, GTM Research identifies the leading states, utilities, developers, and owners that have capitalized on the above trends and supported utility solar’s growth in 2016.

This brief is only available to subscribers of GTM Research's U.S. Downstream Utility-Scale Solar Service. For more information, please contact solarsubscription@gtmresearch.com.

Colin Smith Senior Analyst, Solar

Colin Smith is a Senior Solar Analyst at GTM Research, leading the Utility PV Market Tracker and focusing on development trends in the U.S. utility-scale and commercial PV sectors. Colin has 4 years of experience in the PV sector. He graduated from Queen's University with a B.Sc Honours in Environmental Biology and Sustainability.

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