Mix of economics and geopolitics will take global capacity past 21GW as roll-out booms across US, Middle East, Australia, Europe but testing and data must improve, firm says.
WoodMac, AWEA: Better fit with energy storage will help PV attract vastly more corporate interest through 2030 but looming ITC phase-out could put brakes on progress.
WoodMac: Innovative finance needed to further boost already sound economics of residential sector, with Germany, Italy and Spain all breaking even faster than the UK and France.
WoodMac: Worldwide installations will grow 17.5% this year to hit new high of 114.5GW, paving way for arrival of 12 countries to group of 1-to-5GW-a-year installers.
Wood Mackenzie: Continent will grow to install annual 20GW within three years but shift to auctions and merchant exposure will see profitability come under pressure.
WoodMac: Solar will play key role as microgrids more than double by 2024 on US island territory, helping mend a grid decimated by hurricane Maria in 2017.
The US and Latin America continued to lead the way in the PV tracker market last year, with global shipments surpassing 20GW (up 36% y-o-y), according to the latest Wood Mackenzie Power & Renewables report.
