U.S.-owned analyst Wood Mackenzie expects solar demand to decline but predicts the market will recover, with the prospects for the energy transition remaining intact.
As the sector continues to grow rapidly, delays in manufacturing scale-ups, difficulties sourcing raw materials and a separate path taken by the electric vehicle sector could all chuck ‘sand in the gears’, according to analyst Wood Mackenzie.
WoodMac analysts say the amount of new battery manufacturing capacity added in the nation this year could fall by as much as 10% because of the outbreak. With Tesla’s Shanghai gigafactory affected by the extended new-year-holiday shutdown, the analyst warned of potential supply shortages for Australia and the U.S. and U.K.
The energy transition is becoming ever more apparent among power companies, as was evident at the European Utility Week event last week in Paris, which showcased the hopes and fears of energy companies. Rebranding next year to ‘Enlit’, the organizers aim to reach the whole energy industry.
This year will see strong growth for the global PV market, to 114 GW, and that pattern will continue in the years ahead, according to analyst Wood Mackenzie. a report has highlighted soaring inverter replacement costs for PV project owners as a side-effect of the solar success story.
The U.S. Trade Representative has not responded to claims it will end the exemption from Section 201 duties. If true, the development could be a big hit for Asian PV manufacturers and an annoyance for the U.S. market – but a positive for First Solar.
That record figure of utility scale PV was under contract at the end of June with 8.7 GWdc under construction. However, installation levels fell slightly, year-over-year.
Emilio J Garcia Rodriguez, from tracker manufacturer PV Hardware, spoke to pv magazine about the company’s activity in the Middle East and North Africa market. Dust, heat and heavy storms complicate the installation and operation of trackers.
A new report by Wood Mackenzie and the American Wind Energy Association shows solar taking the favor of corporate renewable purchasers in 2021 and holding that crown to infinity and beyond.
By considering use of the metal in charging infrastructure, analyst Wood Mackenzie has found higher demand from the mobility sector than is the case if only the volume of the material required for vehicle construction is examined.
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