Tags: Wood Mackenzie

Triton Electric Vehicle India, GM partners SolidEnergy, Toyota X-Prologue, Ola Factory in TN, StoreDot and more

This week’s EV News Wrap Includes: Commercial Electric vehicle charging equipment market, Triton Electric Vehicle India registration, GM partners SolidEnergy, Toyota X-Prologue teased, Ola Factory in Tamil Nadu, StoreDot’s battery technology and more. Commercial Electric vehicle charging equipment market worth over USD 870 billion by 2050 says Wood Mackenzie Electrification of commercial vehicle is on […]

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WoodMac: Commercial EV charging equipment market worth over USD 870 billion by 2050

India will have installed 41% of the world’s heavy truck charging outlets in 2050 due to India’s use of different truck weight classifications compared to other regions. Electrification of commercial vehicle is on the cusp of exponential growth, largely driven by climate policy and decarbonisation goals. Government funding and zero-emission vehicle regulations are strong drivers for […]

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Global solar PV installations to hit 115 GWdc in 2020: Wood Mackenzie

As global solar PV markets continue to weather the challenges posed by the coronavirus pandemic, solar PV installations are expected to hit 115 GWdc this year, according to Wood Mackenzie’s latest quarterly market outlook. This is up 5% from the total installed globally in 2019. “The most severe of lockdowns have ended in almost all countries, […]

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US solar PV system costs falling faster than anticipated: Wood Mackenzie

Wood Mackenzie in its new report says that Solar PV system costs in the US are falling faster than anticipated across all market segments, primarily driven by module price reduction. Residential system prices with mono PERC modules are now expected to fall 17% from 2020 to 2025, up from 14% forecast pre-coronavirus. Additionally, mono PERC […]

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Global Solar O&M market to reach annual total of USD 9.4 billion by 2025: Report

According to new research by Wood Mackenzie solar power systems nearing inverter end of life currently account for 5% of the global PV market, this number will grow to 16% – or 227GWDC of solar systems – by 2025. The repowering and maintenance of these solar power plants will come at a cost, however. Wood Mackenzie […]

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Top Solar Inverter Players in 2019 were Huawei, Sungrow and SMA: Report

Wood Mackenzie in its new report on the inverter market 2019 noted that the global solar inverter market grew 18% in 2019. It also noted that Huawei, Sungrow and SMA remained the solar inverter market leaders for consecutive fifth year. Huawei, Sungrow and SMA held the same positions from 2015 to 2019. Fimer stands at […]

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Coronavirus Crisis: solar installations to drop 18 per cent in 2020 says a report

As the Coronavirus crisis hits hard at the global economy, solar PV installations around the world is expected to drop 18 per cent from 129.5 gigawatts (GW) to 106.4 GW in 2020. Consultancy firm Wood Mackenzie in its new report says that the pandemic will have a significant impact on the global solar PV market […]

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India face over 3 GW of renewable installation delay as result of lockdown: WoodMac

Research firm Wood Mackenzie in its new report projects that India could face over 21.6% or 3 gigawatts (GW) of solar photovoltaic (PV) and wind installations being delayed as a result of the country’s lockdown. Wood Mackenzie principal analyst Robert Liew said: “The timing of the lockdown is unfortunate as Q1 is typically one of the busiest […]

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Coronavirus will cause global wind additions in 2020 to decline by 4.9GW: WoodMac

Research firm Wood Mackenzie in its new report notes that the coronavirus crisis will cause global wind additions in 2020 to decline by 4.9GW when compared to our previous projections. Due to other market changes since our Q4 2019 update, total forecast wind additions for 2020 is now expected to be 73GW.  The impact of the coronavirus is […]

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