Third year of triple-digit growth in US solar PV market

In the second quarter of 2012 the US installed 742 Megawatts of utility-scale solar PV, reports GTM Research. This growth is largely attributable to the new Agua Caliente, Mesquite, and Silver State solar plants, all of which were backed by federal loan guarantees. I would like to think this means we can put the Solyndra issue to rest. Loan guarantee programs help free up capital for important projects to which private investors suffering from Keynesian mass psychosis are reluctant to commit. Sure, they can be risky at times, like all investments, but developing renewable energy technology stands as perhaps the most salient hurdle to perpetuating our high standard of living, making our energy intensive lifestyles sustainable, and maintaining a healthy environment for our contemporaries, future generations, and non-humans. For we who champion progress as sustainable improvements in science, technology, and social organization, this is surely welcome news.

JM Kincaid

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