wood mackenzie

US community solar has installed a record of 1.7GW in 2024, a 35% increase from 2023, according to a report from Wood Mackenzie and trade body the Coalition for Community Solar Access.

The US added 8.6GW of new solar capacity in the third quarter of this year and began solar cell manufacturing for the first time since 2019.

WoodMackenzie has forecast floating solar PV (FPV) installations to reach 77GW by 2033, with 1.7GW of capacity additions in 2024.

Wood Mackenzie director of energy transition practice, David Brown, said that a Trump administration 'will not change' demand for solar PV in the US in the 'near term'.

The average global LCOE for fixed-axis solar PV systems in 2024 reached US$66/MWh, ranging from US$28/MWh to US$117/MWh.

Wood Mackenzie and the CCSA expect the US community solar sector to add 7.3GW of new capacity in the next five years.

China accounted for more than half of the 536GW of solar PV inverters shipped globally in 2023, due to the country's solar growth last year.

JP Casey reports on recent developments in Western Europe, where past and future elections are creating waves.

Wood Mackenzie’s ‘Global solar PV tracker market share’ report highlights that the top ten vendors accounted for 90% of the global market share in 2023.

From January to May this year, 251 new solar projects became operational in the US, with a combined capacity of 10,669MW.