Wood Mackenzie’s report explores the progress made against renewable power targets and the implications of Trump 2.0.
A recent report by Wood Mackenzie and the Coalition for Community Solar Access finds that 1.7 GW of community solar was installed in the U.S. in 2024.
The U.S. added 30 GW of solar in 2024 and solar is expected to remain the largest source of new generating capacity added over the next two years.
Wood Mackenzie’s latest report forecasts that 493 GW (DC) of solar will be added throughout the world this year, compared to 495 GW in 2024. Solar module prices are expected to rise this year as manufacturers aim to recover profit losses from the past two years.
Virtual power plant capacity must double to meet demand, the Department of Energy said in its latest report on virtual power plants.
Industry thought leaders indicate that the changes in the final rules for the 45V tax credits are positive, but they will not reduce dependence on polluting fossil fuels.
A new report by Think Microgrid says most states are doing an insufficient job at deploying microgrids despite developing microgrid roadmaps.
A report by the Solar and Storage Industries Institute shows that flexible interconnection, which adjusts solar output based on grid conditions, can offer significant economic benefit to community solar developers.
The U.S. energy storage market continued its strong growth in Q3. Storage installations, which totaled 3.8 GW, increased by 80% from the previous year. A total of 3,431 MW and 9,188 MWh was deployed in the grid-scale segment, the largest capacity installed in a Q3 on record.
Also on the rise: U.S. solar cell manufacturing begins, with sights set on supply chain gap.
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