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Wood Mackenzie forecasts 160GW of new solar PV in South America by 2034

March 7, 2025
Solar PV growth is expected to slow down in Brazil and Chile due to ongoing issues of curtailment and transmission infrastructure.
Chart of floating solar PV capacity additions globally from 2024 to 2033

Floating solar to reach 77GW by 2033, led by APAC region

November 20, 2024
WoodMackenzie has forecast floating solar PV (FPV) installations to reach 77GW by 2033, with 1.7GW of capacity additions in 2024.
Sungrow has now sold 15GW of inverters to projects in Latin America. Image: Sungrow

WoodMac: 536GW of solar PV inverters shipped globally in 2023

August 8, 2024
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.
Nextracker trackers.

WoodMac: Solar PV trackers hit 92GW of shipments in 2023

July 26, 2024
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.
Image: JA Solar

Chinese solar manufacturers dominate Woodmac’s rankings, JA Solar takes top spot

June 11, 2024
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).
A solar facility in the US state of Massachusetts. Credit: Greg M. Cooper via Borrego Solar and SEIA

US breaks Q1 record to add 11.8GWdc solar capacity in previous quarter

June 6, 2024
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.
An ENGIE solar project in the US state of Massachusetts.

US solar installations reach 32.4GWdc in 2023

March 7, 2024
Solar accounted for 53% of all new electricity-generating capacity in 2023, making up over half of new generating capacity for the first time.
MISO-transmission-lines
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Modernising grids and substantial investments key to ease connection queues

February 23, 2024
IEA and Wood MacKenzie talk about grid connection issues worldwide and what countries need to do to upgrade the grid.
solar-plus-storage project in Massachusetts

Woodmac: three predictions for the global solar industry in 2024

January 23, 2024
The growth of global annual solar PV installations will start to slow this year, including the US, according to Woodmac.
The Cirata floating solar plant in Indonesia. Image: Masdar
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What is the potential for building floating PV in Southeast Asian countries?

November 23, 2023
Extremely high population density and the necessity to use land for agriculture are the reasons for building FPV in Southeast Asian countries.

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