wood mackenzie

With SunPower shifting its focus to the US residential sector, there are genuine questions to be asked about the company’s prospects.

Solar PV capacity was the most awarded renewables through government tenders last year, accounting for 44% of the total volume with 61GW.

Solar accounted for 53% of all new electricity-generating capacity in 2023, making up over half of new generating capacity for the first time.

Between 2024 and 2028 the US community solar market is expected to add 7.6GW of new capacity in existing state markets, according to a report from Wood Mackenzie and the Coalition for Community Solar Access (CCSA).

IEA and Wood MacKenzie talk about grid connection issues worldwide and what countries need to do to upgrade the grid.

At present, there are limited studies on the processes of decommissioning solar projects and cost estimates vary wildly.

Earlier this month California-based solar manufacturer Auxin Solar announced that it was suing the US Department of Commerce (DOC) and Customs & Border Patrol over unclaimed payments from the antidumping and countervailing duty (AD/CVD) tariffs.

The growth of global annual solar PV installations will start to slow this year, including the US, according to Woodmac.

According to Syliva Levya Martinez, principal analyst of North American utility-scale solar at Wood Mackenzie: “These are not the last of these types of transactions we’re going to see”.

The US solar industry has registered its best third quarter with 6.5GW of PV installed in Q3 2023, however residential started to show a slowdown in certain states.