wood mackenzie

Solar accounted for 53% of all new electricity-generating capacity in 2023, making up over half of new generating capacity for the first time.

Between 2024 and 2028 the US community solar market is expected to add 7.6GW of new capacity in existing state markets, according to a report from Wood Mackenzie and the Coalition for Community Solar Access (CCSA).

IEA and Wood MacKenzie talk about grid connection issues worldwide and what countries need to do to upgrade the grid.

At present, there are limited studies on the processes of decommissioning solar projects and cost estimates vary wildly.

Earlier this month California-based solar manufacturer Auxin Solar announced that it was suing the US Department of Commerce (DOC) and Customs & Border Patrol over unclaimed payments from the antidumping and countervailing duty (AD/CVD) tariffs.

The growth of global annual solar PV installations will start to slow this year, including the US, according to Woodmac.

According to Syliva Levya Martinez, principal analyst of North American utility-scale solar at Wood Mackenzie: “These are not the last of these types of transactions we’re going to see”.

The US solar industry has registered its best third quarter with 6.5GW of PV installed in Q3 2023, however residential started to show a slowdown in certain states.

China is on track to install a record 230GW of new solar and wind capacity this year, according to a report from Wood Mackenzie.

In October, Turkish energy minister Alparslan Bayraktar said Turkey will need to install 5GW of solar and wind capacity every year until 2035, as renewables have great potential to meet the 2035 target of ‘supplying reliable and affordable energy in an environmentally friendly manner’.