If coronavirus containment measures continue to curtail movement of goods and people through Q2 this year, alongside an economic downturn, the market impact could trim Wood Mackenzie’s 2020 global energy storage deployments forecast by 19%. This equates to a 3 GWh reduction over the year. Notably, this would still make 2020Read More

The coronavirus pandemic is likely to have a material impact on utility-scale solar installations in the U.S. this year, and perhaps even into 2021. In its Coronavirus: US Solar PV Supply Chain and Utility-Scale Market Risk report, Wood Mackenzie says that, in a best-case scenario, the market could see upRead More

Despite policy challenges and a second year of the Section 201 tariffs, the U.S. solar market grew by 23% from 2018, according to the U.S. Solar Market Insight 2019 Year-in-Review report, released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie. Solar accounted for 40% of all newRead More

The starting gun has sounded for the global storage market, which is set to grow from approximately 4 GW of annual deployments in 2019 to more than 15 GW in 2024, according to Wood Mackenzie. Costs have fallen, direct incentives and clean energy targets are proliferating and competitive markets andRead More

Solar system prices will continue to drop over the next decade, driven by advances in module efficiency, manufacturing, labor practices and software, according to Wood Mackenzie. However, the focus of the next decade will be defined by two trends: a shift from purely decreasing capital expenditure to a more holisticRead More

The Trump administration came to an agreement today on the first phase of a bilateral trade agreement with China for a variety of American products, including U.S. polysilicon. Is this a big deal? John Smirnow, vice president of market strategy, at the Solar Energy Industries Association (SEIA), had this toRead More

Looks like people want that full solar Investment Tax Credit, huh? According to the latest U.S. Solar Market Insight Report from Wood Mackenzie and the Solar Energy Industries Association (SEIA), the U.S. solar industry now has the largest pipeline of utility-scale solar projects in its history — with the contractedRead More

Global solar PV installations will reach a new high of 114.5 GW in 2019, up 17.5% on 2018, according to new research from Wood Mackenzie Power & Renewables. As noted in the Wood Mackenzie Power & Renewables ‘Global solar PV market outlook update: Q2 2019’, the market is now backRead More

Tesla installed 6.3 percent of U.S. residential solar capacity in the first quarter of 2019, marking the first time the company has fallen to third place since Wood Mackenzie Power & Renewables has been tracking installer market shares in its U.S. PV Leaderboard, dating back to Q1 2013. Vivint SolarRead More

The U.S. is now home to more than 2 million solar PV installations, according to Wood Mackenzie Power & Renewables and the Solar Energy Industries Association (SEIA). The mark comes just three years after the industry completed its 1 millionth installation, a feat that took 40 years to accomplish. “TheRead More