Tag: Wood Mackenzie
-
Top 10 global inverter brands by 2022 market share
The top 10 global solar photovoltaic (PV) inverter vendors accounted for 86% of market share in 2022, increasing by 4% year-over-year since 2021, according to latest analysis by Wood Mackenzie, a global insight business for renewables, energy and natural resources. The top eight vendors of 2021 held their ranks in 2022, with only Ginlong Solis……
-
U.S. community solar capacity expected to break 6 GW in 2023 despite concerns
A new report shows that cumulative U.S. community solar capacity is expected to exceed 6 GW this year, despite a slowdown in growth. U.S. community solar Installations declined by 6% year-over-year in 2022 and 13% in Q1 of 2023. This was primarily driven by the supply chain uncertainty of the past year as well as……
-
New EV charger capacity will overtake distributed solar installs this year
The US Distributed Energy Resource (DER) market is expected to nearly double in capacity from 2022 to 2027, with capital expenditure reaching US $68 billion per year, according to Wood Mackenzie’s ‘2023 US Distributed Energy Resource Outlook’ report. This new analysis from Wood Mac shows that 262 GW of new DER and demand flexibility capacity……
-
A new era for U.S. residential solar finance: ITC, loan market headwinds shaking up landscape
Last year was a record-breaking but chaotic year for the residential solar industry. The market installed 1,687 MWdc in Q4 to reach 5.9 GWdc of annual installed capacity, a remarkable 40% increase over 2021. The loan market continued its dominance of the past five years, achieving its largest volume of installed capacity. However, the segment……
-
Report: U.S. energy storage market continues to expand rapidly
A new report shows that the energy storage market is on the rise. According to the American Clean Power Association (ACP) and Wood Mackenzie’s latest U.S. Energy Storage Monitor report released today, the market is expected to reach almost 75 GW in installations between 2023 to 2027. Across all segments of the industry, the U.S….…