Solar Production Costs In China Falls By 42% In 2023: Wood Mackenzie Updated On Fri, Dec 15th, 2023 by Saurenergy Read more
Solar Production Costs In China Falls By 42% In 2023: Wood Mackenzie Updated On Fri, Dec 15th, 2023 by Saurenergy A latest report states that the cost of producing solar modules in China has dropped by 42% in the last 12 months to US$0.15 per watt (/W). This gave manufacturers in the country cost advantage over international rivals according to the New Horizons report from Wood Mackenzie. The report looks at ‘Five low-carbon tech trends […] Read more
US Expected To Add 33 GW Of Solar Capacity In 2023: Wood Mackenzie Updated On Thu, Dec 7th, 2023 by Saurenergy Wood Mackenzie, a research-based organization and SEIA (Solar Energy Industry Association), a solar industry association of the US shared an update on installed utility PV capacity in the US. Based on evidence, it estimates solar capacity can reach 4 GW by 2023. It showcases that the sector has achieved 58% growth compared to Q3 2022. […] Read more
China Belt & Road Initiative Brings 128GW Power Capacity: Wood Mackenzie Updated On Thu, Nov 23rd, 2023 by Saurenergy A latest report from Wood Mackenzie said that Chinese companies completed over 300 overseas power projects. This was despite challenges causing over 20% of projects to be cancelled or shelved. The report said that these Chinese firms have made an estimated investment value of around US$200 billion, over these 300 projects. The East Asian country […] Read more
Sungrow Takes Top Spot in BESS Integrator Market in 2022: Wood Mackenzie Updated On Tue, Oct 31st, 2023 by Saurenergy Wood Mackenzie has released a report shedding light on the BESS Integrator market share rankings basis the number of BESS shipments in megawatt-hour (MWh) in 2022. The report finds that the global Battery Energy Storage Systems (BESS) integrator market has grown increasingly competitive in 2022. The top five global system integrators account for 62% of […] Read more
APAC to Invest US$3.3 Trillion in Power Generation Over Next Ten Years: Wood Mackenzie Updated On Fri, Oct 6th, 2023 by Saurenergy Wood Mackenzie, a global research and consultancy group forecasts an investment of US$3.3 trillion in power generation over the next ten years in Asia Pacific, with 49% earmarked for wind and solar, and 12% for energy storage. “The Asia Pacific region is critical to the power sector’s energy transition as it grows to over half […] Read more
Engie & Partners Commission 150 MW Hazelwood Battery Energy Storage System Updated On Thu, Jun 15th, 2023 by Saurenergy Engie, the French energy company, along with project partners Eku Energy and Fluence, has successfully commissioned the Hazelwood Battery Energy Storage System (BESS) in the Latrobe Valley, Victoria, Australia. This pioneering project, with a capacity of 150MW/150MWh, is the first of its kind in the country to be situated on the grounds of a decommissioned […] Read more
Indonesia, India & China Account for Almost 70% of Demand for Floating PV in ’22: WoodMac Updated On Thu, Jun 1st, 2023 by Saurenergy A report released by Wood Mackenzie says that the global floating solar market is set to top 6 GW threshold by 2031. In a significant finding, the report adds that 15 countries are estimated to cross 500 MW of cumulative floating PV installations by 2031. These include China, India, Indonesia, South Korea, Vietnam in the […] Read more
Wood Mackenzie: China’s Solar Exports Boom 64% In 2022 Despite Global Trade Tensions Updated On Wed, May 24th, 2023 by Saurenergy A new report from Wood Mackenzie has revealed that solar exports of China grew 64% to $52 billion in 2022 despite global trade tensions. Wood Mackenzie research director Alex Whitworth held that trade tensions have taken a back seat to high power prices driven by the energy crisis, and this is causing consumers and developers […] Read more
