Also on the rise: Solar O&M contract prices averaged $7.90/kW in 2022, says WoodMac. High resolution satellite imagery for residential PV system detection. And more.
According to a report by Wood Mackenzie, O&M contract prices for US utility-scale project averaged $7.90/kW in 2022, underscoring the growing fragmentation of the solar O&M segment. However, the rankings of the top three vendors have remained unchanged from 2021.
Wood Mackenzie said the U.S. market will install 66 GW of storage between 2023 and 2027, 83% of which will be at the grid scale.
Solar installations are expected to grow 15% per year through 2028, said a report from Wood Mackenzie.
Forward Analytics estimates that building 350 solar installations will grow Wisconsin’s economy by funding local businesses, stimulating the regional real estate market and increasing jobs.
Global inverter shipments increased to 330 GWac with Huawei, Sungrow, Ginlong, Solis, Growatt and GoodWe named as the top vendors.
Also on the rise: Nextracker opens dedicated assembly line for tracker components, Vermont utility keeps the power on with portable long-duration energy storage, and Ambri liquid metal battery passes key safety certification.
Following a suppressed 2022, community solar is expected to have an upward trajectory, boosted by new state laws, the implementation of billions in grant money from the Inflation Reduction Act, and the smoothing of bumps in the supply chain.
Wood Mackenzie expects 270 GW of new global PV capacity in 2023, up 33% year on year. However, the annual growth rate is anticipated to fall to 1% in 2024 and to increase again by 5% in 2025.
Longi solar modules made of Tongwei polysilicon have been excluded from entry to the U.S.
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