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wood mackenzie

33 GW Solar In Sight In US For 2023, With 6.5 GW Additions In Q3

The U.S. solar industry added 6.5 gigawatts (GW) of new electric generating capacity in Q3 2023, a 35% year-over-year increase as federal clean energy policies begin to take hold. As a result of this growth, the United States is expected to add a record 33 gigawatts (GW) of solar capacity in 2023, according to the […]

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Behind China’s Global Renewable Leadership

Wood Mackenzie, in its latest projection finds that China is currently on target to reach its 230 gigawatts (GW) of wind and solar installations target this year. With this, the report claims that, China leads the global renewables market. This is more than double the number of US and Europe installations combined, according to latest […]

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Rise In Renewables In Europe Can Curb Up to 67% Emissions: Report

A recent event by Wood Mackenzie shared an analysis on the current growth in Europe’s flexible renewable energy. The report finds that, European power market will see its carbon intensity plummet. It accredits this rise with the change in ambitious climate-energy policies. Moreover, it finds that, flexibility to be key to enable this change, according to […]

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Chinese Module Majors Feel The Pinch From Module Price Drop

As financial results for Q3 come in, it is obvious that the pain of dropping module prices is beginning to impact major global players, especially the Chinese majors that dominate global markets. Except for pockets where buyers are from the US and Europe who consciously avoided Chinese players, revenues have sustained only on higher volumes, […]

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Research Assistant – Energy & Natural Resources

We also support bespoke consulting projects, diving deeper into our data to answer unique questions. We help our Sales team retain and win new business by spending time with customers and answering questions that matter to them. We work closely with colleagues in our Data and Product functions to maintain the quality of our published […]

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Arctech Makes Strong Statement With Latest Trackers For India

Arctech, the world’s leading solar tracking and racking solution provider, attended the Renewable Energy India Expo 2023 (REI Expo) at Greater Noida. The expo is the largest international renewable energy professional exhibition in South Asia, spanning three days. Arctech India Team Arctech Recognition to Employees Completing 7 Years At the exhibition, the solar tracking system […]

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US Could Usher Over 90 GW Wind Installations By 2028: US Wind Watch

A latest study release entitled, the ‘US Wind Watch’, has been released by Wood Mackenzie and  the American Clean Power Association. The report reflects on the surge in offshore wind projects, the revival of onshore markets, and the booming repowering sector. Estimates on Wind Installations  The study estimates more than 90 GW of wind energy […]

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US Continues to Break Storage Records, With 5.5 GWh Added In Q2 2023

A report from Wood Mackenzie and the American Clean Power Association states that the U.S. added 5,597 MWh of energy storage in Q2 2023, a new quarterly record. The storage boom has been fueled by a sharply rising share of renewable energy, as well as incentives at state level as well as now, through the […]

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US On Course For Record 32 GW Solar Capacity Additions in 2023

A new report from the US solar lobby Solar Energy Industries Association (SEIA) and Wood Mackenzie predicts a record addition of 32 GW of new capacity in 2023, a 52% increase from 2022. The US Solar Market Insight Q3 2023 report paints a positive picture of growth for the sector, especially with the IRA (Inflation Reduction Act) […]

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