The COVID-19 pandemic has caused major supply chain disruptions in the U.S., leading to halts in renewable developments. As the developers faced difficulty in meeting the deadline to start operations of the renewable projects, the Internal Revenue Service (IRS) extended the deadline for these projects by one year. This givesRead More

Following the announcement that Sunrun, the largest residential solar installer, is reported to have laid off around 100 of its employees, Somik Das, Power Analyst at GlobalData, sent this commentary: “COVID-19 will present Sunrun with a harrowing period over the next few quarters. Going ahead, the company wants to focusRead More

Following the recent announcement that SunPower, one of America’s largest solar-panel makers, is to exit from the manufacturing business, Mohit Prasad, Project Manager at GlobalData, a data and analytics company, sent us his view: that, even despite the tariffs, there might be more U.S. companies exiting the PV manufacturing space.Read More

The contribution of renewable power to total installed capacity in the US is expected to double from 15% in 2018 to 30% by 2030, reaching a total of 442.8 gigawatt (GW). Representing a compound annual growth rate (CAGR) of 7.3%, this projection can be attributed to more states adopting andRead More

The global solar photovoltaic (PV) inverters market is set to decline at a compound annual growth rate (CAGR) of 13.2% and reach $3.04 billion in 2023, primarily due to a sharp drop in inverter prices and slowdown in solar PV installations, according to GlobalData, a leading data and analytics company.Read More

The move by China in May this year to slash subsidies for domestic utility-scale solar projects will ultimately benefit developers in the United States that rely on imported solar panels, resulting in revived projects that stalled out in 2018 and more jobs, says data and analytics company GlobalData. We knowRead More

The global solar photovoltaic (PV) inverters market will decline from $6.3 billion in 2017 to $3.7 billion in 2022, with Asia-Pacific (APAC) relinquishing its leading regional share to the Americas over the forecast period, according to GlobalData, a leading data and analytics company. The company’s report: ‘Solar PV Inverters –Read More

Solar has become the world’s favorite new type of electricity generation, with more solar photovoltaic (PV) capacity being installed than any other generation technology according to GlobalData, a provider of business information and analytics. The company’s latest report update on the GlobalData Power Attractiveness Index (GPAI) confirms that worldwide, approximatelyRead More

Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from 271.4 GW in 2016 to 756.1 GW by 2025, registering a compound annual growth rate (CAGR) of 13.1%, according to research and consulting firm GlobalData. That definitely sounds great, and while it’s certainly not bad, itRead More

Trina Solar held on to its status as the world’s biggest producer of solar photovoltaic (PV) modules in 2015, producing 4.55 (GW) of crystalline modules, while Canadian Solar claimed second spot with 3.9 GW in 2015, according to an analyst with research and consulting firm GlobalData. Trina Solar’s efforts toRead More