US grid-scale storage leaps 63%, residential 132%
A report from the American Clean Power Association (ACP) and Wood Mackenzie indicates the utility-scale energy storage sector added 4.9 GW in the April-to-June quarter, representing 63% year-on-year growth, while residential storage increased by 608 MW.
Solar leads as US grid interconnection agreements grow 33%
Interconnection agreements grew 33% year-over-year in 2024 and are sustaining momentum through 2025, said Wood Mackenzie.
US transformer supply may fall sharply in 2025, says Wood Mackenzie
Wood Mackenzie says US power transformer supply could fall 30% and distribution transformers 10% in 2025 due to surging demand and limited manufacturing capacity.
Ireland to meet 2030 target of 8 GW solar, claims Wood MacKenzie
Wood MacKenzie predicts that Ireland will meet its 8 GW 2030 solar target but wind, heat pumps, and electric vehicles (EVs) are all lagging behind theirs. Ireland’s current installed solar capacity is just under 2 GW, but this could be increased thanks to favorable policy, grid investments, and energy storage.
US solar manufacturing surges in Q1 amid policy fears, trade risks
US solar manufacturing ramped up sharply in the first quarter of 2025, supporting record levels of new capacity as solar and storage made up 82% of additions to the grid. But proposed legislation and rising import tariffs could cloud growth prospects.
Tariffs could drive US solar, storage costs up 50%
A recent Wood Mackenzie report examines two possible tariff scenarios and concludes that costs will skyrocket for both utility-scale solar development and battery energy storage systems.
Tax credit transfers driving growth in third-party solar ownership, says Wood Mackenzie
Third-party ownership dominated the US commercial and community solar market, reaching 72% a share in 2024, says Wood Mackenzie.
US bill poses challenges to renewable energy industry
Proposed US budget could deter renewable energy development and weaken domestic manufacturing by phasing out key clean energy tax credits early, says a Wood Mackenzie analyst.
WoodMac tips Australia to fall short of 82% renewables goal
Wood Mackenzie predicts Australia will fall well short of its target of 82% renewable generation by 2030 due to grid connection delays, inadequate investment, and moves from some state governments to scale back their clean energy ambitions.
Middle East, North Africa solar manufacturing capacity to reach 44 GW by 2029, says WoodMac
Wood Mackenzie forecasts the Middle East and North Africa region will emerge as a tariff haven and overtake Southeast Asia as a top solar export hub, becoming the primary exporter of solar panels to the US towards the end of this decade.
