Wood Mackenzie Power & Renewables has published a new report which outlines the analyst group’s prediction that global solar PV installations will reach a new high of 114.5 gigawatts (GW) in 2019, growing by 17.5% on 2018 and putting the industry on track to reach around 125 GW per year by the early 2020s.
Annual global wind power capacity additions are expected to average 71 gigawatts (GW) between 2019 and 2023, and 76 GW between 2024 and 2028, according to a new analysis published Monday by Wood Mackenzie Power & Renewables.
The United States deployed a total of 148.8 megawatts (MW) of energy storage in the first quarter of 2019, breaking the previous megawatt-record set in the preceding fourth quarter by 6% and growing 232% over the amount deployed in the first quarter of 2018.
Leading energy market intelligence firm Wood Mackenzie Power & Renewables has published its latest market outlook of the global solar PV market in conjunction with a stunning visualisation which shows China’s meteoric dominance of the solar industry which dates back to 2011.
Global wind turbine order intake increased by 7% in the first quarter of 2019, eclipsing the previous record set a year earlier by 875 megawatts (MW), according to Wood Mackenzie Power & Renewables.
Global offshore wind power capacity is expected to increase almost sixfold over the next decade according to a new report from Wood Mackenzie Power and Renewables, growing from being deployed in only 7 countries at the end of 2017 to 18 countries by 2027.
Bloomberg New Energy Finance’s head of solar analysis has revealed that new solar installations in 2018 are likely to have hit as high as 109 gigawatts (GW) and that growth in 2019 could see annual capacity additions increase to as much as 141 GW.
In an effort to continue the downward trend of wind prices around the world, new technology investment will focus on building bigger and better wind turbines, according to new research published by Wood Mackenzie Power & Renewables.
