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Category Pickups
Created 2015-03-13
Owner weijing3333
Title SunEdison expects strong US Solar growth post-ITC
Description Img source:12v 50ah lithium battery
Major renewable energy development business SunEdison expects substantial US marketplace development post-ITC, contrary for the general view that the US PV market could be hit tough by the tax advantage reduction.SunEdison’s CEO, Ahmad Chatila said at the company’s Capital Markets Day that it was targeting an all-in distributed generation (DG) installation cost of only US$1.5/W in 2017, which would allow retail grid parity in over 25 US States. Chatila noted that its best-in-class fully-loaded OPEX (Operating Expense) would aid help the US$1.5/W DG installation price as well as its hugely flexible vertically integrated technology supply chain.Marketing and advertising, sales, G&A and R&D costs combined are also targeted to reach US$0.40/W in 2017, down from US$0.62/W in the second half of 2014. SunEdison noted that these costs could be reduced to US$0.52/W in 2015.SunEdison also noted at its Capital Markets Day that it expected important DG installation development across markets served in 2015. The corporation is targeting more than 400MW of DG projects in 2015, up from around 150MW in 2014.Therefore the US PV market place and SunEdison in particular are expected to continue to grow strongly after the planned reduction in the ITC. see more at:grid energy storage
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