Wood Mackenzie: U.S. community solar to double in five years
Cumulative community solar installations are forecast to increase from less than 7 GW installed today to over 14 GW by 2029.
WoodMac says global solar tracker shipments grew by 28% in 2023
Global tracker shipments reached 92 GWdc last year, according to WoodMackenzies’ latest report. The US accounted for the majority of the global market, with three US-based manufacturers, Nextracker, Array Technologies and GameChange Solar, ranking as the three largest shippers in the world.
Global energy storage fleet to surpass 1 TW/3 TWh by 2033
According to the latest forecast from Wood Mackenzie, the global energy storage market (excluding pumped hydro) is on track to reach 159 GW/358 GWh by the of 2024 and grow by more than 600% by 2033, with nearly 1 TW of new capacity expected to come online.
Sunrise brief: California approves 525 MWac of solar and 320 MW of geothermal
Also on the rise: Global solar installations to nearly quadruple by 2033. Vineyard installs solar to keep distillery warehouse cool. And more.
Global solar installations to nearly quadruple by 2033
Wood Mackenzie forecasts 4.7 TW of solar capacity to be built between 2024 and 2033, with China accounting for about 50% of the growth.
Roadmap to designing an efficient community solar program
The Coalition for Community Solar Access released a Policy Roadmap that offers legislative guidance including model legislation.
U.S. grid-scale storage grows 84%, residential storage 48%
Wood Mackenzie reported large growth in Q1 year-over-year for grid-scale storage and residential storage, while commercial and industrial storage slowed.
Total U.S. solar module manufacturing capacity grows by 71% in Q1 2024
According to the U.S. Solar Market Insight Q2 2024 report, solar module manufacturing production capacity increased by over 11 GW.
Has the Inflation Reduction Act bolstered the U.S. solar supply chain?
Wood Mackenzie is tracking the capacity that manufacturers have announced will come online in the U.S.; however, three challenges remain including a balance of materials, pricing and tariffs.
Strong state solar policies boost adoption of distributed energy
Of the 29 GW of solar installed in the U.S. in 2023, 31% was distributed solar, according to the Institute for Local Self-Reliance.
