NEW YORK — The solar energy industry will grow faster than expected during the next few years as American utilities invest heavily in large-scale solar farms, analysts with Barclays Capital said Tuesday in a research note. Barclays analyst Vishal Shah noted that demand for utility-scale solar projects could eventually make up half of the U.S. market. Major utilities could install about 5 gigawatts of solar photovoltaic projects during the next three years, the analyst said. Solar power is still a tiny player on the American electrical grid, however. The utility-scale projects currently in operation in the U.S. provide 444 megawatts of energy to the grid according to the Solar Energy Industries Association. That’s enough to power 2.8 million homes, and it’s only a fraction of the power generated by another alternative energy source, the Palo Verde Nuclear Generating Station near Phoenix. That amount is expected to jump more than 12-fold in the next few years, however, with dozens of new solar plants under development in California, Arizona, Florida and Hawaii. Shah said SunPower Corporation, First Solar Inc., Suntech Power Holdings Co. and Yingli Green Energy will be the primary players in utility-scale projects in […]