DECEMBER 26ST,2024
WoodMac Predicts Global Solar Installations Will Slightly Decline in 2024
WoodMac forecasts global solar installations will slightly decline to 492 GW in 2024, impacted by grid capacity limits and policy constraints in key markets. China, India, and Brazil face challenges, while emerging markets like Saudi Arabia see growing demand for battery storage. In the hydrogen sector, US blue hydrogen remains dominant, while green hydrogen faces hurdles. Despite slower overall growth, renewable energy and storage technologies continue to show long-term potential with shifting market dynamics.