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Wood Mackenzie tips solar growth to stagnate in 2025

Wood Mackenzie’s latest report forecasts that 493 GW (DC) of solar will be added throughout the world this year, compared to 495 GW in 2024. Solar module prices are expected to rise this year as manufacturers aim to recover profit losses from the past two years.

JinkoSolar’s TOPCon modules offer 8.82% yield gain in field test

JinkoSolar’s latest n-type tunnel oxide passivated contact (TOPCon) modules delivered higher energy yield per watt than a competitor’s n-type back contact (BC) modules in a three-month field test in Japan, under varying irradiance levels.

Indonesian think tank says nation at crossroads with energy transition

Indonesian clean energy policy think tank, the Institute for Essential Services Reform (IESR), said 2025 will be a pivotal year for Indonesia’s energy transition, as the nation has fallen behind targets in recent years.

SolarEdge launches mobile app for residential, C&I solar installers

The company’s new mobile app is designed to combine all operations for solar installers, from installations and commissioning to management and servicing, in one streamlined platform.

Wood Mackenzie forecasts 77 GW of floating solar by 2033

Wood Mackenzie predicts that the global floating solar market will be dominated by the Asia-Pacific (APAC) region and led by India, China and Indonesia through to 2033. The consultancy says growth will be driven by rising demand, decreased capital expenditure and supportive policies.

Thornova Solar starts cell, module production in Indonesia

United States manufacturer Thornova Solar has started producing solar cells and modules in Indonesia. CEO William Sheng says the move is in line with changing US market regulations. It plans to supply customers with cells and modules from Indonesia, Laos or the US by mid-2025.

Singapore on track to hit 2030 solar targets

Research from the National University of Singapore indicates that Singapore could reach its 2 GW solar installation target by 2028, ahead of its 2030 deadline. The study suggests that the government could increase its long-term solar goals by adopting policies that promote better area utilisation, subsidies, and advancements in panel efficiency.

Solar manufacturing facing substantial pressures, says IEA-PVPS

The International Energy Agency Photovoltaic Power Systems Programme says in its latest report that 2023 was a record-breaking but tumultuous year for solar development. It says the manufacturing industry faces pressure from supply-demand imbalances, with overcapacity causing prices to collapse.

Utility-scale solar additions hit 46.8 GW since start of 2023, says Wiki-Solar

PV data consultancy Wiki-Solar says the world’s top solar developers have added nearly 50 GW of new solar capacity since early 2023, raising their cumulative capacity to 146.7 GW – more than one-fifth of the global total.

Solar module manufacturing capacity could exceed 1.5 TW by 2035, says IEA

The International Energy Agency’s latest report, which maps out the future evolution of clean energy manufacturing, says the combined global market for PV, wind turbines, electric cars, batteries, electrolysers, and heat pumps will rise from $1 trillion in 2023 to more than $3 trillion by 2035.

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