Solar dominates renewable corporate PPAs in Asia Pacific, says WoodMac
Corporations in the Asia-Pacific region are set to contract a record 7 GW of renewable capacity in 2022, according to a new report by Wood Mackenzie. Solar accounts for 57% of the region’s contracted corporate renewable power purchase agreements (PPAs) to date. India, Australia and Taiwan account for 89% of overall capacity in the region.
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.
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.
Brazil and Chile could lead charge to affordable green hydrogen
Falling electrolyzer costs driven by economies of scale, increased automation of production and the modularity of such systems will bring green hydrogen to a competitive cost with its fossil-fuel powered variants in a dozen markets by 2030, according to WoodMac.
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.
Covid-19 weekly round-up: Dormant MiaSole claims Covid support in the US as Indian new solar figures slumped
Plus, analyst WoodMac says a fall in the cost of power generation in Japan during the public health crisis will help drive renewables investment and the Indian government has relaxed borrowing rules for its financially crippled electric utilities.
Covid-19 weekly round-up: Module prices fall as big solar starts to recover in Germany
Plus, there is hope of a bright new dawn with proposed legislative changes in Europe and the U.S. even as the solar equipment industry hits new lows and cyber attacks reportedly increase in frequency.
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.
The US added 13.3 GW of solar in 2019, beating new wind and gas capacity
According to data released by analyst Wood Mackenzie and the Solar Energy Industries Association, the U.S. added more than 2.8 GW of residential solar last year. Cumulative operating PV capacity now tops 76 GW.
