Solar Power World

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Mortenson Construction today released a new study on the current state of the utility-scale solar industry and the outlook for the future.

The report highlights both the significant challenges and promise industry professionals see in solar energy and the ways contractors can most help owners execute successful projects. It is based on feedback from more than 250 professionals including utilities, developers, independent power producers, financiers and suppliers.

“We greatly appreciate the opportunity to engage industry stakeholders in an effort to capture a broader perspective of the market,” said Mark Donahue, a vice president and general manager of Mortenson Construction’s Renewable Energy groups. “For example, we know that attaining grid parity against other energy sources is a key challenge facing our industry. However, more than half of the respondents believe parity with fossil fuels will be achieved within the next 10 years.”

In a year marked by exponential growth within the utility-scale segment, the report also touches on its various challenges and uncertainties, such as lack of federal policy, pricing pressures, and transmission infrastructure, among others. Despite these issues, professionals are confident that solar will be a vibrant and growing component of the U.S energy mix moving forward.

For a full copy of the report, click here.