Floating Solar Market Set to Surpass 6 GW by 2031, Says Wood Mackenzie
The global floating solar market is expected to pass the six-gigawatt (GW) threshold by 2031, as PV developers struggle to meet growing solar demand and look to alternate development technologies, energy intelligence firm Wood Mackenzie said in a report Wednesday.“The global solar industry, including PV developers, continue to battle limited land availability and increasing land costs for ground-mount solar projects, which is driving demand for floating installations,” said Ting Yu, consultant at Wood Mackenzie, at SNEC PV Power Expo in Shanghai Wednesday.According to Wood Mackenzie
Offshore Wind Could Bring In $1.7B to U.S. Treasury by 2022
The United States has an opportunity to accelerate offshore wind energy growth, and benefit from 28 new gigawatts of wind power and $1.7 billion in U.S. Treasury revenue by 2022, according to a study released by the energy intelligence group Wood Mackenzie. Apart from the benefits to the Treasury, the offshore wind industry in the U.S. could create 80,000 jobs annually from 2025 to 2035.Commissioned by four energy industry groups, American Wind Energy Association (AWEA), National Ocean Industries Association (NOIA), New York Offshore Wind Alliance (NYOWA), and the Special Initiative on Offshore
Subsea Umbilicals Demand Hit by COVID-19
. In addition to the materials, engineering labor is the next largest cost input involved in the manufacturing of umbilicals. Therefore, the more complicated and unique is the design, the more strenuous and costly the fabrication and installation processes, Rystad explains.Per the Norway-based energy intelligence firm, prices for materials have remained relatively flat since 2014, whilst the service price for SURF equipment has fallen significantly. "This illustrates the large cost savings realized by operators since 2014 and supports our belief that operators will not be able to enforce
February 2024
