Wood Mackenzie expects return to solar panel price falls this year
Wood Mackenzie has made its predictions for the Chinese energy market in 2022 and said the country could install almost 120GW of solar and wind power generation capacity.
Solar supply chain trouble to ease this year, according to analyst
Wood Mackenzie has predicted solar equipment cost increases will ease back after last year saw the average cost of solar electricity rise for the first time in the Asia-Pacific region.
Europe faces ‘new era of energy dependency’
The EU has been pouring money into European battery manufacturing and recycling projects but has, as yet, been unable to address the critical question of raw materials, according to analyst WoodMac.
Analyst predicts 2030 bidding war for dead EV batteries
A lack of end-of-life batteries this decade is likely to play into the hands of Chinese recyclers located near most of the world’s production facilities, according to analyst WoodMac, but might at least help rebalance the current situation in which new products are cheaper than recycled ones.
Prioritizing electrification
The urgency to decarbonize the building sector has caught global attention in the lead-up to the COP26 summit, commencing on Oct. 31. Wood Mackenzie’s Ben Hertz-Shargel says that success will require a two-pronged strategy of massively electrifying building heat over the coming decade, while also investing in technologies that can pick up future heating demand if the grid cannot handle it.
Electric vehicle race heats up
The race to electrify passenger cars is picking up pace, writes Prachi Mehta, senior research analyst for Wood Mackenzie. Competition among leading EV automakers is fierce, as 2024 looms as a watershed year when auto battery-pack prices cross a key consumer threshold.
CATL claims to have made sodium-ion batteries a commercial reality
The manufacturer has launched sodium-ion products online. Production has begun and will be easily scalable, according to the CATL chairman. Researchers have been keen to make the technology work as it offers a cheaper, more environmentally friendly alternative to lithium-ion products.
China to add 619 GW of solar this decade
Indonesia will catch the eye too over the next nine years, according to analyst WoodMac, as its market grows from 300 MW to 8.5 GW.
‘China renewables will hit grid parity with new-build coal next year’
Analyst WoodMac says South Korea, Thailand and Vietnam will also join India and Australia next year, among the nations where clean energy projects are cheaper than new coal power plants.
Wood Mackenzie expects 115 GW of solar this year
If confirmed, the global newly installed PV capacity for this year would be 5% more than that of 2019. China is forecast to be once again the world’s largest market, with 39 GW.
