Borrego Solar Systems CEO Sees Installations Doubling This Year

Published in Bloomberg Business

Borrego Solar Systems CEO Sees Installations Doubling This Year

(Bloomberg) — Borrego Solar Systems Inc., a U.S. developer of commercial- and utility-scale systems, expects sun-powered installations to double in 2015 on heightened demand in California, New York and Massachusetts.

Closely held Borrego Solar, based in San Diego, installed 51.2 megawatts last year, a 40 percent increase from 2013. It should surpass 100 megawatts this year, Chief Executive Officer Mike Hall said in a phone interview.

“For commercial-scale, those three states, plus maybe New Jersey, are the big markets,” Hall said Thursday. “There’s going to be significant growth in New York because that commercial-scale market is just getting started.”

Borrego has 200 megawatts of systems under contract, including 33 megawatts in New York, where it’s building two projects for Public Service Enterprise Group Inc.’s Long Island unit under the utility’s feed-in-tariff program. Almost 9,800 megawatts may be installed in the U.S. this year, according to data compiled by Bloomberg New Energy Finance.

“When you look at the projects we already have under construction — and we have some larger projects under construction, particularly on the utility side — 100 megawatts is very do-able,” Hall said.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net