wood mackenzie

At least US$2.7 trillion must be invested in renewables annually to achieve global net-zero emissions by 2050.

The SEIA and Wood Mackenzie have released their latest report into US solar, and expect the industry to add 32GW of new capacity this year.

Although the floating solar market is expanding, the top 10 countries that will have more than 500MW of cumulative floating solar installations by 2031 are entirely from Asia.

The world’s top 10 solar inverter providers accounted for 86% market share in 2022, a year where the market saw a 48% increase in size year-on-year (YoY).

The cumulative community solar capacity in the US will reach 14GW by 2028, according to Wood Mackenzie and and the Coalition for Community Solar Access.

As solar PV continues its accelerated growth, 2023 is expected to be no exception with 270GW of capacity to be added, according to Wood Mackenzie.

The IRS’ guidance on the domestic content tax bonus for solar projects under the IRA “makes it difficult for developers to attempt to access the 10% bonus ITC”, according to Martin Pochtaruk, president of North American solar PV manufacturer Heliene.

Climate insurance provider kWh Analytics has published a report detailing the three types of risk that solar developers could face, including extreme weather, financial modelling and operations.

The US solar industry had the most growth of any quarter in its history in Q1 2023, as delayed projects from 2022 came online and supply chain constraints showed signs of loosening.

The global floating solar (FPV) market will surpass 6GW by 2031, with China, India and Southeast Asia set to deploy the lion’s share.