Tag: Wood Mackenzie Power and Renewables
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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
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Coronavirus impact: Wood Mackenzie could drop its global energy storage deployments forecast by 19 percent
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 — Solar Builder magazine
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Coronavirus impact: Wood Mackenzie could drop its global energy storage deployments forecast by 19 percent
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 — Solar Builder magazine
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Coronavirus impact: Best case scenario is 2 GW of solar project development delays in 2020
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 — Solar Builder magazine
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Solar crushed 2019, making up 40 percent of all new electric generating capacity (is more to come?)
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 — Solar Builder magazine