REPORT INTRODUCTION

The US market is now poised for lift off with some 1.1
gigawatt of PV projects in prospect - the so-called national
"PV Order Book".

This unrisked total is some 5 times the size of the 2007

market and includes projects that have been reserved under
PV incentive programs together with direct procurement
being planned by end users outside PV programs.
The largest US state share of this pipeline is held by
California, which now totals 697.8 MW. In customer type
terms, the largest demand is from utilities followed by the
Corporate and Government segments.
The US market saw strong customer demand in 2007,
resulting in growth of 57%. PV systems above 1 megawatt
in size accounted for 23% of the market. The corporate and
government segments were collectively the largest
representing 51% of demand. Orders from Retail outlets
drove the corporate segment, accounting for 56% of total
demand.

A summary of 148 individual projects with customer names,

project size, location and system integrator in these two
segments gives visibility to the shape of demand in each
segment.
2007/08 Power Purchase Agreement price terms have varied
widely with start prices ranging up to 19.5 cents per
kilowatt-hour and annual price escalators ranging up to
4.5% per annum.
There were major changes in national market shares of
module suppliers in both the residential and non-residential
segments during 2007 - there are new market leaders in
both segments. There are also prospects for a change in
market leadership among residential system integrators
during 2008.
The largest downstream PV sales channel in MW volume
terms was through small and medium sized system
integrators to end-customers, which accounted for 45% of
the market. Module supplier volume channels direct to large
system integrators, via distributors, through retail, via OEMs
and direct to end customer all saw increased volumes in
2007.
Eighteen capital raising initiatives accounted for $454 million
of accumulated funding for downstream US PV companies
since January 2007. In a rapid ramp in mergers and
acquisitions since the beginning of last year, 22 deals went
through that will help accelerate the rapid reshaping of the
downstream system integrator mix.
2007 was also a big year for Renewable Portfolio Standards'
(RPS).
Four states enacted RPS policies and three states passed
voluntary RPS Goals in 2007. Three states added solar set-
aside requirements to their existing RPS policies, while
another replaced its solar set-aside with a DG set-aside.
During the first half of 2008, three more states enacted
state-wide RPS goals, while another enacted a state-wide
RPS policy with a solar carve-out.
RPS-driven PV demand carries a minimum to maximum
range of a 523 MW cumulatively by 2012, after taking into
account competition from the pipeline of solar thermal
electric projects positioned to meet utility needs.
Utilizing the unparalleled access that Solarbuzz has within
the PV industry, this insider report is targetted at
established major PV companies in the downstream, new
entrants and investment analysts focused on the US market
and corporate developments.
 250+ PAGE REPORT FOCUSING ON THE
DOWNSTREAM UNITED STATES PV MARKET

* 2007 MARKET ANALYZED BY:

- CUSTOMER SEGMENTS
- PV SYSTEM SIZE BANDS
- BY STATE
- APPLICATION SURFACE

* 2007 PV PROJECT LISTING BY MARKET

SEGMENTS

- RESIDENTIAL NEW BUILD

- CORPORATE
- GOVERNMENT (INCL. MILITARY)
- UTILITY

* RESIDENTIAL MARKET RETROFIT

* STATUS OF PV INCENTIVE PROGRAMS

AND RENEWABLE PORTFOLIO
STANDARDS

* 2007/08 POWER PURCHASE

AGREEMENT PRICES AND
ESCALATORS
* 2007 DOWNSTREAM CHANNEL
STRUCTURE AND VOLUMES
* US COMPANY MARKET SHARES

- MODULE MANUFACTURERS
- INVERTER MANUFACTURERS
- US DISTRIBUTORS

* 2007 MODULE SUPPLIER SHARES TO

LARGE SYSTEM INTEGRATORS
Further details about: US Grid Connect PV Market Report