wood mackenzie

Virtual power plants are emerging as a potentially critical means of meeting the growing power demands from data centres in the US.

Analyst Wood Mackenzie has forecast that solar PV and wind installations in the US will be 100GW lower than expected between 2025 and 2030 with the removal of Inflation Reduction Act (IRA) incentives.

The Asia Pacific (APAC) region has accounted for 69% of the 589GW solar PV inverters shipped in 2024, according to a report from analyst Wood Mackenzie.

The global solar tracker market expanded by 20% in 2024 to a record size, according to energy research firm Wood Mackenzie.

The leading crystalline silicon solar manufacturers have shipped a record 500GW of PV modules in 2024, according to a report from analysts Wood Mackenzie.

Third-party ownership (TPO) of non-residential projects in the US has led commercial and industrial (C&I) and community solar financing in 2024.

Changes to tax credits under the Inflation Reduction Act (IRA) could “jeopardise” nearly 300 US solar and energy storage manufacturing facilities, according to trade body the Solar Energy Industries Association (SEIA).

Solar and storage projects accounted for 84% of electricity generating capacity added in 2024, with solar seeing 50GW of new capacity.

Solar PV growth is expected to slow down in Brazil and Chile due to ongoing issues of curtailment and transmission infrastructure.

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.