This year is set to be a record-breaker for renewables auctions in Europe, as countries across the continent look to increase clean energy deployment to reach 2030 emissions reductions targets.
New solar capacity installations in the US are expected to rise 43% this year as the industry recovers from the worst impacts of the COVID-19 pandemic, according to a new study by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.
China’s newly announced ambition to reach carbon neutrality by 2060 and peak carbon emissions before 2030 looks set to spur on investment in solar and battery storage technology, as the country diversifies its power mix away from coal.
Solar and wind power represent a US$1 trillion investment opportunity in Asia Pacific this decade, equivalent to two-thirds of the region’s power generation sector, as countries move away from fossil fuel generation in favour of greener alternatives.
Inverter failures and the prevalence of auction-based mechanisms for large-scale solar projects are placing pressure on solar operations and maintenance (O&M) prices, a new report from Wood Mackenzie has found.
SEIA, WoodMac point at robust utility-scale segment as they predict 33% year-on-year jump in PV additions, with residential still expected to take major hit from pandemic in 2020 and 2021.
Consultancy cites project delays and financial fallout as it cuts its pre-pandemic 2020 global solar installation forecast by 18% from 129.5GW to 106.4GW.
ROTH Capital and Wood Mackenzie analysts have updated their outlooks on COVID-19's potential impacts on the US residential and utility-scale solar markets, respectively.
Segment has achieved 'remarkable' diversity in the US as it reached commercial scale and is set to grow 14-fold to 7.3GW by 2025, according to new WoodMac report.
Solar to continue rapid rise over this decade but lack of foresight with grid planning could mix with ultra-low prices and waste management troubles to set obstacles in the short and long term.
