Mercom Counts $8.1 Billion Corporate Solar Funding In Q1/2024
Solar Industry Investment Environment Subdued As Sector Grapples Issues Including Higher Interest Rates
Friday, 19 Apr 2024
The significant drop in Chinese solar module prices has boosted demand for solar technology globally, yet for the same reason investment in manufacturing projects has become unattractive, even with incentives, says Mercom Capital Group CEO Raj Prabhu.
Solar PV Most Awarded Tech Through Govt. Tenders In 2023
Auctions To Remain Primary Route For RE Development; 102 GW To Be Tendered In 2024
Friday, 08 Mar 2024
After awarding 137 GW of renewable energy capacity in 2023, led by solar PV and wind power projects, governments across the world are likely to drive 102 GW growth in 2024 via tenders.
2023 US Solar Installations Set Record With 32.4 GW
Solar Accounts For Over 50 Percent Of All New Grid-Connected Electric Generating Capacity, 1st Time In 8 Decades
Wednesday, 06 Mar 2024
The world’s 2nd largest solar market, the US, grew by 51% annually in 2023 with the installations growing to account for over 50% of annual power generation capacity additions, a 1st for the country over the last 80 years.
World Not Ready For Energy Transition Without China
Wood Mackenzie: Sans China, World Will Need To Invest 20% More On Clean Tech Manufacturing
Friday, 16 Feb 2024
Energy transition for the world is not possible without China simply because the country dominates clean-tech value chains including for solar PV, wind, batteries and electric vehicles, says Wood Mackenzie. To reach net-zero status by 2050, Wood Ma.
Wood Mackenzie: Expect Slower Growth Pattern For Solar In 2024
Manufacturers Must Be Innovative In Face Of Global PV Demand Slowing Down, Starting Now
Thursday, 25 Jan 2024
Between 2019 and 2023, the world registered an average annual growth of 28% for solar PV installations, and most recently reported a 56% annual growth in 2023 with 358 GW.
US Exited Q3/2023 With 6.5 GW DC New Solar Capacity
SEIA & Wood Mackenzie Forecast 33 GW Record PV Additions In 2023, But See Growth Slowing Down From 2026
Friday, 08 Dec 2023
Federal clean policies are expected to spur the US to expand its solar PV installation capacity by 55% in 2023 with a record high of nearly 33 GW DC, according to the Solar Energy Industries Association (SEIA) and Wood Mackenzie.
China To Install Well Over 200 GW Solar In 2023
Citing Low Module Prices, BNEF Revises Global Solar PV Forecast Up To 415 GW With 240 GW In China
Wednesday, 29 Nov 2023
Bloomberg New Energy Finance (BNEF) has revised its global solar PV installation forecast for 2023 to between 410 GW and 415 GW, with China contributing as much as 240 GW.
Cannot Eliminate Dependence On China For Wafers & Cells
Solar PV Technology & Cost Gap Between China & The World To Widen As Asian Giant Invests Over $130 Billion In 2023
Wednesday, 08 Nov 2023
For the next 3 years, China will continue to dominate the global solar PV manufacturing with more than 80% share of the world’s polysilicon, wafer, cell and module manufacturing, according to Wood Mackenzie.
Day 3 Highlights From RE+ 2023 At Las Vegas
US To Add Nearly 110 GW RE Annually In 10 Years Thanks To IRA Even As Challenges Remain, Says Wood Mackenzie
Thursday, 14 Sep 2023
After an interesting day 1 and day 2, the 3rd and the final day of one of the largest renewable energy trade shows in the US, RE+ 2023 at Las Vegas came to an end on a high note.
US Installed 5.6 GW DC New Solar In Q2/2023
US Exits H1/2023 With Nearly 12 GW DC; SEIA & Wood Mackenzie Forecast Around 20 GW DC In Q3 & Q4
Thursday, 07 Sep 2023
As supply chain challenges abate and policies under Inflation Reduction Act (IRA) start to take hold, the Solar Energy Industries Association (SEIA) and Wood Mackenzie expect a record solar year for the US, forecasting the country to exit 2023 with 5.
Wood Mackenzie’s Global Solar Forecast For 2023
Expect ‘Nearly’ 270 GW DC New Solar Installations This Year, Growing To 330 GW DC By 2032
Friday, 04 Aug 2023
Ambitious renewable energy targets, increased electrification, expanding policy support and falling levelized cost of energy (LCOE) for solar are among reasons Wood Mackenzie cites to predict 33% annual growth for solar installations increasing to ar.
TaiyangNews Solar Market Overview 2023 Webinar
Competitive Chinese Modules Flooding European Warehouses, But Lack of Installers & Permitting Challenges Among Factors Hindering Solar’s Growth In Continent
Tuesday, 25 Jul 2023
Soon after SNEC Shanghai and Intersolar Munich, prices for solar products have considerably dropped after the solar industry underwent a significant period of high prices impacting demand in some markets.
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
Thursday, 08 Jun 2023
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
Thursday, 25 May 2023
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
Wednesday, 24 May 2023
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
Thursday, 20 Apr 2023
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
Thursday, 09 Mar 2023
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
Wednesday, 15 Feb 2023
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
Friday, 20 Jan 2023
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
Tuesday, 13 Dec 2022
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.
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