Technological Advancements To Bring Down Solar LCOE; Wood Mackenzie Expects Solar To Be Lowest Cost Of Energy In Latin America Until 2050 With $14/MWh
Friday, 18 Nov 2022
Come 2023 and solar PV will become the most cost-competitive technology in Latin America and remain the lowest cost of energy among all other power generating technologies in the region until 2050, with $14 per MWh, according to a new Wood Mackenzie report.
Wednesday, 09 Nov 2022
Driven by their decarbonization targets and the falling levelized cost of electricity (LCOE) for utility scale, commercial solar and onshore wind vis-à-vis other fuels, corporates in the Asia Pacific region are expected to contract a record 7 GW ren.
Thursday, 08 Sep 2022
Supply chain constraints and uncertainty surrounding anti-circumvention investigation pulled down US solar additions in Q2/2022 by 12% YoY to 4.6 GW DC.
Monday, 08 Aug 2022
Wood Mackenzie has increased its 2022 to 2026 forecast for community solar segment in the US by 11% or 477 MW DC from previous forecasts and extended its outlook to 2027 expecting it to add at least 7 GW DC in existing markets, driven by positive reg.
Friday, 08 Jul 2022
In 2021, global solar PV inverter shipments added up to 225.286 GW AC in 2021, having grown 22% or 40.25 GW AC on annual basis, thanks to strong growth supported by government policies in the markets of Europe, India and Latin America, says Wood Mackenzie.
Wednesday, 08 Jun 2022
The US solar market reported its weakest quarter in last 2 years with 3.9 GW DC of new solar PV capacity in Q1/2022, having dropped 24% annually and 52% sequentially due to supply chain constraints and trade policy disruptions, according to the US Solar Market Insight: Q2 2022.
Wood Mackenzie Report Claims Europe Must Aggressively Expand Local Solar Supply Chain To Achieve REPowerEU Goals
Tuesday, 31 May 2022
Analysts with Wood Mackenzie believe the European Union’s (EU) solar ambitions under its flagship REPowerEU program may suffer with the rise in prices for raw materials and suggest that it would need to create and aggressively expand its local solar supply chain to meet the targets.
Thursday, 31 Mar 2022
US market research firm Wood Mackenzie sees residential solar installer Sunrun as the top installer in this space for the 5th consecutive year with 13% market share, and says even though its market share slips, the company maintains a comfortable lead over competitors.
Thursday, 10 Mar 2022
The US solar market grew 19% annually as it brought online 23.6 GW DC of new solar power capacity in the year 2021, which could have been higher had it not been for high solar prices, trade actions, legislative uncertainty and unprecedented supply ch.
Thursday, 27 Jan 2022
Expect more than 2.4 GW DC of residential solar demand ‘destruction’ in California through 2026, if the state administration decides to implement its new net metering tariffs, dubbed NEM 3.0, according to Wood Mackenzie that fears the market to be cut in half by 2024.
Thursday, 16 Dec 2021
Logistical challenges and price increases in the global solar supply chain are expected to wipe off as much as 25% or 7.4 GW of forecasted solar installation in 2022 in the US, according to the Solar Energy Industries Association (SEIA) and Wood Mackenzie analysts.
Ecuador To Launch 500 MW Renewable Energy Auction On November 27, 2021; Wood Mackenzie Believes Latin America Will Install 11.3 GW DC Solar In 2021; Natixis & CVE Chile Raise $95 Million For 150 MW PV
Wednesday, 15 Sep 2021
Ecuador to hold 500 MW RE auction: The CEO of Ecuador’s electricity company Celec has told BNamericas that the country plans to launch a tender for 500 MW of non-conventional renewable energy (NCRE) capacity.
Wood Mackenzie: Led By China, Asia Pacific To Add 1,500 GW Solar PV Capacity By 2030; Expects Indonesia To Be Fastest Growing Market
Tuesday, 13 Jul 2021
A Wood Mackenzie Asia Pacific Solar PV Market Outlook 2021 expects distributed solar to account for 51% of all new installations in the region's top10 solar markets till 2030 due to land constraints.
US Solar Market now 100 GW DC Strong With 5 GW DC Installed In Q1/2021; SEIA & Wood Mackenzie Claim Renewable Energy Accounted For Nearly 100% Of All New Electric Capacity In Q1/2021
Tuesday, 15 Jun 2021
Between 2021 and 2026, SEIA and Wood Mackenzie expect the US market to install 160 GW of new solar capacity to reach over 250 GW by the end of 2026.
Solar Industry ‘Highly Investible’, Says Wood Mackenzie As It Expects 15% To 25% Further Cost Decline By 2030, Making It ‘Cheapest’ Source Of New Power In Every US State, Canada, China & 14 More Nations
Monday, 25 Jan 2021
Come 2030 and solar will become the cheapest source of new power in every US state, Canada, China and 14 other nations, claims market intelligence firm Wood Mackenzie in its latest report titled Total eclipse: How falling costs will secure solar’s dominance in power.
Expect Europe To Auction 45 GW Renewable Energy Capacity In 2021 With 6 GW Of Solar PV, Says Wood Mackenzie; Expects More Than 30 GW To Be Actually Awarded
Tuesday, 12 Jan 2021
In a new report titled European power markets: 5 things to look for in 2021 Wood Mackenzie analysts claim the continent has as much as 45 GW of renewable energy capacity to be auctioned in 2021, comprising 17 GW of wind and 6 GW of solar PV alone.
Wood Mackenzie Expects South Korea To Achieve 17% Renewable Energy Share In Total Energy Mix By 2030, Missing 20% Target; Solar To Account For 37.5 GW
Thursday, 28 Mar 2019
Energy and research consultancy Wood Mackenzie believes South Korea will not be able to achieve its 20% renewable energy generation target by 2030; instead it is likely to settle for about 17%.
Wood Mackenzie Forecasts 59 GW Solar PV Installations In Asia Pacific In 2018; Next Five Years To Add 355 GW New Solar Power Capacity With China Leading The Pack
Monday, 29 Oct 2018
With Asia Pacific moving towards solar auctions and away from subsidies, Wood Mackenzie says that the region will experience lumpy PV demand in the short run, but still over the next five years, it will add 355 GW of new solar capacity..
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