Tag: Wood Mackenzie
-
Policy-driven supply constraints cause steep drop in solar installations in 2022
The United States added 20.2 GW of new solar capacity in 2022, a 16% decrease from 2021. This was due in large part to an investigation into new anti-circumvention tariffs by the U.S. Department of Commerce, as well as equipment detainments by Customs and Border Protection under the Uyghur Forced Labor Prevention Act. According to……
-
Report: U.S. community solar growth expected to double by 2027 after slowing 16% in 2022
U.S. community solar installed capacity declined 16% in 2022 compared to last year, primarily driven by interconnection delays hindering growth in key state markets such as Massachusetts, Maine and Maryland. Industry-wide supply chain constraints also pushed project timelines into 2023, according to the latest report released by Wood Mackenzie in collaboration with the Coalition for……
-
Energy storage installations top record in third quarter despite rising costs, supply issues
The U.S. energy storage market continues to grow, seemingly impervious to rising costs and supply chain challenges. The U.S. Energy Storage Monitor report from the American Clean Power Association (ACP) and Wood Mackenzie showed a record 4,733 MWh of grid-scale energy storage installed in Q3 2023, surpassing the previous quarterly high of 4,598 MWh in……
-
Solar industry grows by 43 percent in 2020, on pace to quadruple by 2030
The U.S. solar industry grew 43% and installed a record 19.2 gigawatts (GWdc) of capacity in 2020, according to the ‘U.S. Solar Market Insight 2020 Year-in-Review’ report, released by Wood Mackenzie and the Solar Energy Industries Association (SEIA). For the second year in a row, solar led all technologies inRead More — Solar Builder magazine
-
Residential solar segment beats COVID recovery projection in third quarter
U.S. solar companies installed 3.8 gigawatts (GW) of new solar photovoltaic (PV) capacity in Q3 2020, a 9% increase from Q2 installations as the industry experienced a recovery from the worst impacts of the COVID-19 pandemic. According to the U.S. Solar Market Insight Q4 2020 report, released today by theRead More — Solar Builder magazine