WoodMac: Large-Scale Solar Holds Cost Edge Despite ITC Stepdown, Coronavirus Impacts

Corporate demand and state mandates are driving utility solar installations, but voluntary procurements based on pure economics continue to dominate. Voluntary procurement of utility solar remains the top driver of U.S. utility PV in development, according to Wood Mackenzie. WoodMac defines voluntary procurement as procurement based solely on the economic competitiveness of renewables against other […]

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WoodMac: Solar and Storage Prices Falling Faster Than Expected Due to COVID-19

Weakness in the global markets for solar modules and batteries is pushing down U.S. system costs more rapidly than forecast. The fallout from the coronavirus pandemic and the looming threat of recession are expected to drive down pricing for front-of-the-meter solar and storage systems even faster than expected. Project construction delays and tightening consumer spending […]

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US Solar Plants Now Expected to Run for More Than 30 Years: Berkeley Lab

Cheaper modules brought solar plants into the energy mainstream. Longer operating lives are making them better investments. Big solar plants are getting cheaper to run and expectations for their useful operational lives keep getting longer, according to a new survey of U.S. solar industry professionals. By the end of 2019, a cumulative total of 76 […]

Exxon to buy renewable diesel from Global Clean Energy for five years

WoodMac: Global Solar Market Set to Resume Growth in 2021 as Coronavirus Impact Fades

After a pause in 2020, the global solar market looks set to chart new heights each year in the 2021-2025 period. The global solar market is expected to stay nearly flat between 2019 and 2020 as a result of the coronavirus pandemic and its economic impacts, according to Wood Mackenzie. But a significant increase in demand is now […]

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Coronavirus Impact Cuts 23GW From WoodMac’s 2020 Global Solar Outlook

Early-stage utility-scale projects face unprecedented headwinds, but the global market could be set for a swift rebound. Wood Mackenzie slashed more than 20 gigawatts off its forecast for global solar deployments in 2020, as the impact of the coronavirus pandemic comes into sharper focus. Construction is slowing, tenders are postponed, and for earlier-stage projects, there […]

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WoodMac: Distributed Storage Outlook Shrinks for 2020 Due to Coronavirus

Industry concerns have shifted from supply chain risk to executing projects and bringing in new business. Residential and commercial energy storage installations are taking a hit as the U.S. tackles the coronavirus pandemic. The behind-the-meter storage segment will install 31 percent less capacity in 2020 than previously forecast, according to a new analysis by research […]

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