Tag: market research

  • Wood Mackenzie: Global solar project O&M spending will hit $9 billion in five years

    Solar power systems nearing inverter end of life currently account for 5% of the global PV market. This number will grow to 16% – or 227 GWDC of solar systems – by 2025, according to new research by Wood Mackenzie. The repowering and maintenance of these solar power plants will comeRead More — Solar Builder magazine

  • U.S. Solar Market Insight: COVID cuts more than 3 GW from solar’s five-year forecast

    The U.S. solar market installed 3.6 gigawatts (GW) of new solar photovoltaic (PV) capacity in Q1 2020, according to the U.S. Solar Market Insight Q2 2020 report from the Solar Energy Industries Association (SEIA) and Wood Mackenzie — which makes it the best first quarter total in history by nearlyRead More — Solar Builder magazine

  • DNV GL forms consortium to figure out floating solar project best practices

    DNV GL has launched a collaborative joint industry project (JIP) with 14 industry participants to develop the industry’s first recommended practice (RP) for floating solar power projects. The planned recommended practice (RP) will provide a commonly recognised standard based on a list of technical requirements for developing safe, reliable andRead More — Solar Builder magazine

  • Most residential solar installers expect pre-COVID sales to return by August

    SolarWakeup has circulated and compiled a survey of how companies in the residential solar industry are being impacted by the COVID-19 crisis each week, and how they’re responding. The most recent results indicate sales levels are improving compared to an average week in February (pre-COVID). Fifty-eight percent of responses areRead More — Solar Builder magazine

  • Sense explains how COVID has changed home energy usage

    Based on an analysis of changes in home energy trends across the country since COVID-19, Sense found that the average home electrical usage increased 22 percent compared to 2019, a reflection of people using more electricity while they stayed home. With this increase, most consumers will pay 22% more onRead More — Solar Builder magazine