Wood Mackenzie

The winners of the eighth round of France’s rooftop PV tender series have drawn lower average prices than peers awarded just four months ago, new results show.

This year will see strong growth for the global PV market, to 114 GW, and that pattern will continue in the years ahead, according to analyst Wood Mackenzie. a report has highlighted soaring inverter replacement costs for PV project owners as a side-effect of the solar success story.

According to market research firm, Wood Mackenzie, PV inverters nearing ‘end of life’ replacement are expected to total 21GW by the end of 2019.

The global solar market is growing rapidly but remains highly fragmented, Wood Mackenzie says.

Bifacial PV stands on the edge of a boom across the world’s four corners as cost improvements and geopolitics strengthen the case for the budding technology, according to Wood Mackenzie.

That record figure of utility scale PV was under contract at the end of June with 8.7 GWdc under construction. However, installation levels fell slightly, year-over-year.

The US now has a record-breaking 37.9GW of utility-scale solar in the works after 11.2GW of new projects were announced in H1 2019, according to a new report from Wood Mackenzie and the Solar Energy Industries Association (SEIA).

Solar is to leapfrog wind to become the undisputed top renewable energy source for US corporates greening their supply through 2030, according to Wood Mackenzie and US wind body AWEA.

A new report by Wood Mackenzie and the American Wind Energy Association shows solar taking the favor of corporate renewable purchasers in 2021 and holding that crown to infinity and beyond.

By considering use of the metal in charging infrastructure, analyst Wood Mackenzie has found higher demand from the mobility sector than is the case if only the volume of the material required for vehicle construction is examined.

A new report from analysts at Wood Mackenzie forecasts 6.6 GWh of residential energy storage to be installed across Europe by 2024. The economics of the technology are at a tipping point, increasingly reaching grid parity in European markets. With rising electricity demand and falling battery system costs, the trend will further spread across the continent and fuel an uptick in demand.

The costs of residential solar-plus-storage have already dropped or will only take a few years to drop to nation-wide grid averages across key European markets, according to Wood Mackenzie.

A major ground-mounted PV auction in France is set to boost the country’s solar capacity by 10%, with 107 developers successfully bidding on 858MW of capacity spread evenly across the country.

Recent battery plant blazes and a hydrogen station blast have again raised questions about the safety of energy storage technologies.