PV module innovations to lower solar costs in coming decade
A new report by Wood Mackenzie suggests that rapid solar module technology innovations in the next decade will lead to significant increases in module power class, better performance and more versatile applications. Technology and lower capex will be key to sector growth, it adds.
China will need 1.9 TW of solar by 2060 to hit net zero – WoodMac
The bill for full decarbonization of the economy – which is likely to see the decommissioning of no more than half the current coal fleet, with CCS doing some heavy lifting, according to the US-owned analyst – could come in at more than $5 trillion.
Japan’s struggle to drive down renewables costs
A nation famous for high electricity prices has seen power costs fall 15% this year, according to analyst Wood Mackenzie, a figure which will help attract $100 billion of solar and wind investment to 2030. Renewables will have to work even harder, however, to displace fossil fuels in hydrogen production.
A battery chemistry schism is imminent
A report from Wood Mackenzie predicts lithium-iron-phosphate will overtake lithium-manganese-cobalt-oxide as the dominant stationary energy storage chemistry within the decade.
Battery manufacturing capacity set to increase fourfold to 1.3 TWh by 2030
Analysts at Wood Mackenzie have looked at plans for the incoming decade and concluded that about 119 manufacturing sites will be up and running by 2030. China currently sits firmly in the driving seat, with Asia Pacific comprising 80% of global manufacturing capacity, but Europe is catching up.
Premature inverter failure – 4.2 GW of capacity will be affected this year, says analyst
U.S.-owned business intelligence firm Wood Mackenzie has attempted to evaluate the market opportunities offered by the repowering of solar projects around the world which feature inverters which are 10 years old – as well as those which will expire ahead of time.
Covid-19 weekly round-up: Ups and downs from the US residential market and one Swedish city tries to attract Europe’s best and brightest
Industry body SolarPower Europe is trying to stay bullish about the lingering effects as the continent starts to come out of lockdown and one analyst has predicted a healthy large scale solar market will carry the US through the crisis.
Covid-19 weekly round-up: It is still unclear how the crisis will play out on various solar segments, although one US installer says business has never been better…
Module price falls driven by the energy demand slump and Chinese oversupply may reverse at the end of the year, Germany appears immune to the Covid rooftop curse and emergency funding has been offered up to EU businesses affected by the crisis.
Covid-19 weekly briefing: US residents ponder solar during lockdown, Aussie installers wonder what might have been and the Indian EV industry calls for help
Plus, Italian developers continue to dig deep for their health service, the pandemic piles on problems for a debt-saddled Chinese company and analysts consider whether there will be any money left for a green economic recovery after the dust settles.
Huawei, Sungrow and SMA dominate global inverter market
Analysis from Wood Mackenzie shows global inverter demand grew 18% last year. The ten largest inverter suppliers accounted for 76% of the global trade.
