wood mackenzie

The world will add 3.8TWac of new solar capacity by 2033, alongside 1.6TW of new wind capacity, according to Wood Mackenzie.

JA Solar tops the list with the score of 82.9 out of 100, followed by Trina Solar (81.7), JinkoSolar (80.8) and Canadian Solar (78.5).

The US installed 11.8GWdc of capacity in the first quarter of 2024 and added more than 40GW of solar capacity last year, according to SEIA.

A win by the US Republican Party in this year’s election could decelerate the country’s energy transition and reverse decarbonisation policies.

Currently, over 50% of US solar installations, including residential, C&I and large scale ground mounted solar, have come online since 2020.

The monetary environment over the next couple of decades is expected to remain much tighter than the "zero era" between 2009 and 2022.

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).