Wood Mackenzie predicts solar growth will 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. The global solar market is on course to add 493 GW (DC) of solar this year, according to forecasts by Wood Mackenzie. The figure would be a 0. 5% decline on the 495 GW of installed solar in 2024. Sylvia Leyva Martinez, Wood Mackenzie's principal analyst for utility-scale solar in North America, said solar deployment will decelerate in ...

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