Wood Mackenzie expects Indian solar installations to drop 42% this year
The global newly installed PV capacity for this year would be around 115 GW–5% more than that of 2019 despite the Covid-19 crisis. India will add just 4.9 GW due to strong Covid measures taken.
PV module innovations to lower solar costs in coming decade
A new report by Wood Mackenzie suggests that rapid solar module technology innovations in the next decade will lead to significant increases in module power class, better performance and more versatile applications. Technology and lower capex will be key to sector growth, it adds.
Huawei, Sungrow and SMA dominate global inverter market
Analysis from Wood Mackenzie shows global inverter demand grew 18% last year. The ten largest inverter suppliers accounted for 76% of the global trade.
Covid-19 pandemic puts 150 GW of PV, wind at risk in Asia
Up to 150 GW of PV and wind projects could be postponed or canceled throughout the Asia-Pacific region by 2024 if the coronavirus-triggered recession continues beyond the current year, according to new research by Wood Mackenzie.
WoodMac predicts India’s renewables installation to fall by a fifth due to lockdown
Over 21.6% or 3 GW of solar and wind installations will get delayed due to supply and labour disruptions caused by the ongoing Covid-19 lockdown, according to the analysts which in a January report forecast the country to add over 15 GW of renewable capacity this year.
Analyst expects recovery for PV and storage supply chains
U.S.-owned analyst Wood Mackenzie expects solar demand to decline but predicts the market will recover, with the prospects for the energy transition remaining intact.
Global energy storage market to surge to 15 GW by 2024
As the sector continues to grow rapidly, delays in manufacturing scale-ups, difficulties sourcing raw materials and a separate path taken by the electric vehicle sector could all chuck ‘sand in the gears’, according to analyst Wood Mackenzie.
Energy density advances and faster charging would unlock EV revolution
With electric vehicles making up only 3% of the global car market last year, analyst WoodMac says battery packs need to be cheaper and lighter and range anxiety must be addressed to change the habits of drivers.
Decoding the Adani-Total solar deal
While the stake sale in solar portfolio will allow Adani to carry out its contracted pipeline efficiently, it could also mean commercial & industrial (C&I) rooftop as a growth opportunity for both the companies—according to Wood Mackenzie analysts.
Global bill for replacement inverters and other solar maintenance could hit $9.4bn by 2024
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.
