US: ‘Best’ 1st Quarter In PV Industry History
SEIA & Wood Mackenzie Forecast US Solar Market To Triple In Size Over Next 5 Years To 378 GW
The US installed 6.1 GW DC new PV capacity in Q1/2023, a 47% annual jump, according to the Solar Energy Industries Association (SEIA) and Wood Mackenzie that brand it the best 1st quarter in the industry’s history, and thanks to the policy certaint.
Growth For Floating Solar With Growing PV Demand
Wood Mackenzie Pegs Global Cumulative FPV Market To Exceed 6 GW Threshold By 2031
Come 2031 and the global floating solar market is expected to pass the 6 GW threshold as demand for solar energy grows amid increasing concerns of land availability and rising costs for ground mounted PV projects, says Wood Mackenzie.
China Exported $52 Billion Solar In 2022
Wood Mackenzie Blames High Power Prices For 64% Annual Jump In Chinese Solar Exports
In the midst of growing calls for solar supply chain diversification globally, China continued to experience significant demand for its solar products having exported $52 billion worth of products in 2022 reflecting a 64% annual jump, according to an analysis from Wood Mackenzie.
33% Drop In Tesla’s Q1/2023 Solar Installations
Tesla Blames Volatile Weather & Supply Chain Challenges For Quarterly Drop In PV Deployments
Automotive giant Tesla has blamed volatile weather, supply chain challenges and ‘other factors’ for its solar deployments going down 33% quarterly to 67 MW in Q1/2023, even though the company reported 40% annual improvement.
US Solar Additions Drop 16% YoY To 20.2 GW DC In 2022
SEIA & Wood Mackenzie: Tariff Investigation & Equipment Detainments By Customs Pulled Down US Solar Installations In 2022, But Future Is Bright
The US government’s anti-circumvention tariffs and the module detainments by the Customs and Border Protection (CBP) under the country’s Uyghur Forced Labor Prevention Act (UFLPA) led to the country installing 16% less solar PV capacity in 2022 w.
Asia Pacific’s Average Solar LCOE At 7% Premium To Coal In 2022
Utility Scale Solar & Onshore Wind LCOE In Asia Pacific Increased Significantly In Last 2 Years And These Continue To Battle Volatility Risks: Wood Mackenzie
Even though the focus on renewable energy gets stronger in Asia Pacific, coal will remain the cheapest new-build power generation option in the region until 2024 according to Wood Mackenzie.
Expect US to Attract $114 Billion RE Investment By 2031
Wood Mackenzie Anticipates Over 78% Jump In Annual Renewable Energy Investment In US By 2031, Up From $64 Billion In 2022, Thanks To IRA
An initial assessment of the impacts of the Inflation Reduction Act (IRA) by Wood Mackenzie finds the US renewable energy industry can attract as much as $114 billion annual investments by 2031, which will be a growth from $64 billion in 2022 and com.
US Solar Power Installations Decline 17% YoY In Q3/2022
SEIA & Wood Mackenzie Count US To Have Added 4.6 GW DC New Solar In Q3; Forecasts 23% Annual Decline in 2022 Citing Trade Barriers & Supply Chain Constraints
Trade barriers and ongoing supply chain constraints pulled down new solar installations in the US by 17% YoY to 4.6 GW DC in Q3/2022, and are expected to lead to a 23% annual decline in 2022 with the Uyghur Forced Labor Prevention Act (UFLPA) limitin.
Solar PV – Latam’s Most Cost Competitive Technology Soon
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
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.
Expect 7 GW Worth Corporate PPAs In Asia Pacific In 2022
Price Matters, Says Wood Mackenzie In A New Report Exploring RE Procurement Market In Asia Pacific
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.
US Community Solar To Grow By 7 GW DC By 2027
Wood Mackenzie Offers Upward Revision Of US Community Solar Forecast
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.
2021 Inverter Rankings A Chinese Game
Global PV Inverter Shipments Added Up To 225 GW AC In 2021, Led By Huawei & Chinese Peers
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.
US Installed 3.9 GW DC Solar In Q1/2022
Uncertainties & Supply Chain Constraints Lead To ‘Weakest’ Quarter For US Solar In Q1/2022
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.
High Raw Material Prices May Jeopardize REPowerEU?
Wood Mackenzie Report Claims Europe Must Aggressively Expand Local Solar Supply Chain To Achieve REPowerEU Goals
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.
2021 US Solar Installer Leaderboard
Wood Mackenzie: Sunrun Top Residential Solar Installer In 2021; Hanwha Top Module Supplier
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.
US Installed 23.6 GW DC Solar In 2021
SEIA & Wood Mackenzie Seek Policy Certainty For US Solar To Meet 2035 Decarbonization Targets
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.
California’s NEM 3.0 To Shrink Residential Solar
Wood Mackenzie: NEM 3.0 To Destruct California’s Residential Solar Demand By Over 2.4 GW DC
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.
US Installed 5.4 GW DC New Solar in Q3/2021
Expect 7.4 GW Less Solar Deployment In US In 2022 With Supply Chain Issues: SEIA & Wood Mackenzie
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.
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