New U.S. solar installations will grow by 14 percent this year thanks to lower e...
- New U.S. solar installations will grow by 14 percent this year thanks to lower equipment prices that helped to revive a slew of delayed projects, consultancy Wood Mackenzie said in its latest outlook released on Wednesday.
In its previous quarterly report on solar released late last year, Wood Mackenzie had forecast just 11.5 GW of solar installations for 2019. A GW of solar is roughly enough to power 700,000 homes. The report raised its utility-scale solar market forecast for 2019 by more than 8 percent to 7.8 GW from 7.2 GW, and also boosted its outlook for 2020 and 2021.
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