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Solar panels at L'Oreal's facility in Franklin, New Jersey. Credit: SEIA

SEIA and Wood Mackenzie: US adds 50GW of new solar capacity in 2024

March 11, 2025
Solar and storage projects accounted for 84% of electricity generating capacity added in 2024, with solar seeing 50GW of new capacity.
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Wood Mackenzie forecasts 160GW of new solar PV in South America by 2034

March 7, 2025
Solar PV growth is expected to slow down in Brazil and Chile due to ongoing issues of curtailment and transmission infrastructure.
A Nexamp community solar project.

US community solar adds record 1.7GW in 2024, up 35% YoY

February 20, 2025
US community solar has installed a record of 1.7GW in 2024, a 35% increase from 2023, according to a report from Wood Mackenzie and trade body the Coalition for Community Solar Access.
Engie's 230MW Bernard Creek Solar Project in Texas. Image: Engie North America

US adds 8.6GW of operating solar capacity in Q3 2024, produces cells for the first time in five years

December 4, 2024
The US added 8.6GW of new solar capacity in the third quarter of this year and began solar cell manufacturing for the first time since 2019.
Chart of floating solar PV capacity additions globally from 2024 to 2033

Floating solar to reach 77GW by 2033, led by APAC region

November 20, 2024
WoodMackenzie has forecast floating solar PV (FPV) installations to reach 77GW by 2033, with 1.7GW of capacity additions in 2024.
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Trump presidency ‘unlikely’ to derail energy transition – WoodMac

November 19, 2024
Wood Mackenzie director of energy transition practice, David Brown, said that a Trump administration 'will not change' demand for solar PV in the US in the 'near term'.
SOLTEC_SF_Utility_single_axis_tracker_installation_in_Brazil

Solar LCOE continues to decrease globally – Wood Mackenzie

October 22, 2024
The average global LCOE for fixed-axis solar PV systems in 2024 reached US$66/MWh, ranging from US$28/MWh to US$117/MWh.
A Nexamp community solar project.

US community solar capacity to exceed 14GW by 2029

August 12, 2024
Wood Mackenzie and the CCSA expect the US community solar sector to add 7.3GW of new capacity in the next five years.
Sungrow has now sold 15GW of inverters to projects in Latin America. Image: Sungrow

WoodMac: 536GW of solar PV inverters shipped globally in 2023

August 8, 2024
China accounted for more than half of the 536GW of solar PV inverters shipped globally in 2023, due to the country's solar growth last year.
An agrivoltaic project from solar developer European Energy in Denmark.
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Political clouds cast shadows over Western Europe’s burgeoning solar sector

August 2, 2024
JP Casey reports on recent developments in Western Europe, where past and future elections are creating waves.

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