Latest news with #WoodMackenzie
Cision Canada
11 hours ago
- Business
- Cision Canada
TrinaTracker Ranks Among Top 3 in Key European Solar Tracker Markets According to Wood Mackenzie
CHANGZHOU, China, June 20, 2025 /CNW/ -- The renowned research institution Wood Mackenzie has released its Global solar PV tracker market share report 2025, ranking TrinaTracker sixth globally and fourth in major regions including Europe, the Middle East, Latin America, and Asia Pacific. These results align with the company's strategy of delivering high-quality tracker solutions while focusing on premium markets. Top 4 in Europe, TOP 3 in Spain and Italy The report highlights TrinaTracker's position as the fourth-leading provider in the European market, with particularly strong performance in Spain and Italy, where TrinaTracker ranks third. Europe emerged as TrinaTracker's second-largest market in 2024, accounting for 29.2% of its total shipments. Beyond shipment volume, Europe serves as a key hub for TrinaTracker's flagship projects showcasing its latest technological innovation. For instance, at the Campina project in Spain, TrinaTracker partnered with third-party UL to conduct field tests on its self-developed SuperTrack smart tracking algorithm. The results demonstrated a 2.21% boost in solar plant performance on average, with an impressive 9.15% improvement on typical cloudy days. Rapid Expansion in the Middle East The Middle East saw solar tracker shipments surge to 15.449 GW in 2024, more than doubling from the previous year. Saudi Arabia dominated the region as the largest market, contributing over 12 GW. TrinaTracker ranks fourth in the region, driven by major projects in the UAE and Saudi Arabia. In early 2025, TrinaTracker announced the opening of a 3 GW factory in Saudi Arabia and the delivery of its Vanguard 1P trackers to the PIF4 Al Khushaybi PV Project, further accelerating its growth in the region. Till end of Q1 2025, TrinaTracker has cumulatively delivered around 30GW of its smart mounting systems to more than 60 countries. Through years of operation, TrinaTracker has garnered widespread praise for its products and services. This year, the company aims to strengthen its global presence by offering localized, low-LCOE solar tracker solutions, anticipating steady business growth in the years ahead.
Yahoo
4 days ago
- Business
- Yahoo
/C O R R E C T I O N -- Boviet Solar/
In the news release, WOOD MACKENZIE NAMES BOVIET SOLAR IN TOP 10 OF 2025 GLOBAL PV MODULE MANUFACTURER RANKINGS, issued 11-Jun-2025 by Boviet Solar over PR Newswire, we are advised by the company of an update to the release. The complete, corrected release follows: SAN JOSE, Calif., June 11, 2025 /PRNewswire/ -- Boviet Solar Technology Co. Ltd. ("the Company" or "Boviet Solar"), a leading global solar energy technology company specializing in monocrystalline PV cells and premium Gamma Series™ Monofacial and Vega Series™ Bifacial PV modules, announced today that it has achieved seventh place in the 2024 Wood Mackenzie (WoodMac) Global Solar Module Manufacturer Rankings. As a global provider of data, analytics, insights, events, and consultancy services for the energy, renewables, and natural resources sectors, Wood Mackenzie's mission is to provide businesses and governments with reliable and actionable insight and advice to lead the transition to a sustainable future. Investing in solar PV projects can involve significant costs and risks for both buyers and lenders. Financial institutions are more inclined to support projects using components chosen by clients if they are assured of solar module quality and manufacturer financial strength. Boviet Solar's recognition as a Top 10 PV Module Manufacturer highlights its reputation as a dependable, long-term partner in the industry—offering high-performance modules that instill confidence in clients and financiers alike. "We're truly honored to be recognized once again among the top global PV manufacturers in Wood Mackenzie's respected rankings of solar suppliers," said Scott Chen, VP Global Sales and Marketing. "The solar market has evolved significantly over time, presenting obstacles along the way. As industry veterans, we're proud to have built a strong track record throughout the past ten years. With our continued focus on research and development, ESG practices, and other strategic goals, we'll remain positioned for growth while maintaining our financial stability to meet—even surpass—our client expectations as we partner to expand solar development around the world." Wood Mackenzie calculates unique scores for each module manufacturer to determine transparent and fair rankings. It also evaluates manufacturers from the buyer's perspective, contingent on thorough research of what buyers look for when assessing the hundreds of PV module manufacturers on the market. Scoring methodology criteria included: Capacity utilization Technology maturity Adherence to ESG and CSR Availability of third-party certification Financial conditions Module manufacturing experience in production Supply chain resistance Vertical integration Module manufacturing experience in years Research and development "It's a great achievement to be included in Wood Mackenzie's top rankings among so many global industry players," said Sienna Cen, President of Boviet Solar USA. "Earlier this year, we opened our 2-GW North American solar module production facility in Greenville, North Carolina. This milestone strengthens our ability to advance our technology, boost production capacity, and deliver more high-quality products to meet the needs of our customers." ABOUT BOVIET SOLAR Boviet Solar is a leading solar technology company founded in 2013 in Vietnam, specializing in the manufacturing of high-performance Monocrystalline PV cells and high-quality Gamma Series™ Monofacial and Vega Series™ Bifacial PV modules for residential, commercial, industrial, community, and utility-scale solar applications. Boviet Solar combines business acumen, financial stability, technological expertise, and manufacturing excellence to produce top-performing PV modules, while fostering mutual partnerships, ensuring sustainability, supply chain traceability, and compliance with international trade standards. Boviet Solar has earned a reputation for excellence, holding a Bloomberg New Energy Finance (BNEF) Tier 1 ranking, being recognized as one of the top 10 most reliable PV module manufacturers by Wood Mackenzie and Sinovoltaics, and consistently rated as a Top Performer in Kiwa PVEL's PV Module Reliability Scorecard. Boviet Solar's global headquarters is in Vietnam, with manufacturing facilities in both the USA and Vietnam, featuring an annual PV cell and PV module capacity of 3.0 GW, along with additional operations in the USA, Germany, and other regional markets. For more information about our company and products, please visit MEDIA INQUIRIES:Songül AtacanHead of Global Brand and Marketing Boviet View original content: SOURCE Boviet Solar Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
12-06-2025
- Business
- Zawya
Wood Mackenzie Joins African Energy Week (AEW) 2025 with Senior Delegation, Driving Investment and Insight Across Africa's Energy Sector
Energy research and consultancy firm Wood Mackenzie will participate in the African Energy Week (AEW) 2025: Invest in African Energies conference, with a senior delegation comprising Mansur Mohammed, Head of New Business Development, Africa; Gavin Thompson, Vice Chairman, EMEA; David Parkinson, Head of Exploration; and Ian Thom, Research Director, Upstream. The team will speak across multiple sessions, contributing data-led insights and strategic analysis on upstream investment, exploration trends and Africa's energy transition planning. With over five decades of experience, Wood Mackenzie has become a central player in global energy markets. In Africa, the firm's work has been particularly impactful in supporting the development of long-term energy planning and project structuring. Its collaboration with national governments and state-owned oil companies has helped shape policy frameworks, evaluate exploration potential and guide infrastructure development. One of the firm's most notable recent contributions has been its support to the Republic of Congo in developing the country's first Gas Master Plan, in partnership with the Ministry of Hydrocarbons. The plan outlines strategies for monetizing gas resources, expanding domestic access and establishing export mechanisms that will contribute to economic diversification. In line with this work, Wood Mackenzie has provided analysis for key projects such as the Marine XII LNG development, which recently delivered its first cargo and is progressing toward expansion with a second 3.5 billion-cubic-meter-per-year facility. In the broader upstream sector, Wood Mackenzie tracks and forecasts capital investment trends across the continent. The firm's research highlights a stabilization of upstream spending around $40 billion annually, with particular emphasis on gas and LNG-led growth. Countries such as Namibia and Mozambique are attracting heightened interest from international investors, while established producers including Angola and Nigeria continue to recalibrate their upstream portfolios in response to global energy dynamics. Wood Mackenzie's data and modelling are often used by governments and private operators alike to assess fiscal terms, licensing strategy and project economics. The firm is also playing a leading role in contextualizing Africa's energy transition. According to its long-term energy outlooks, Africa is expected to see electricity demand double by 2050. While renewables will form an increasing share of generation, Wood Mackenzie maintains that oil and gas will remain vital to meeting the continent's industrial and energy access needs. The firm projects that Africa will account for just 3–6% of global emissions by mid-century, underscoring the argument that continued hydrocarbon development can coexist with climate responsibility. 'Wood Mackenzie brings the rigorous data and applied insight necessary to unlock Africa's energy potential. At AEW 2025, their contributions will help shape a narrative that highlights investment opportunity, energy security and the responsible pursuit of development across the continent,' states NJ Ayuk, Executive Chairman of the African Energy Chamber. The delegation's participation at AEW 2025: Invest in African Energies comes at a time when African states are intensifying their focus on exploration licensing rounds, domestic gas utilization and large-scale LNG developments. With deep experience in asset valuation, fiscal benchmarking and upstream project modelling, Wood Mackenzie remains a trusted partner to investors, ministries and NOCs seeking to maximize returns and mitigate risk across the continent. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Distributed by APO Group on behalf of African Energy Chamber.
Korea Herald
11-06-2025
- Business
- Korea Herald
Ranked Top 9 Globally for Solar Trackers: Antaisolar Enters Wood Mackenzie's List, Leading Markets in Multiple Countries
XIAMEN, China, June 11, 2025 /PRNewswire/ -- Recently, the internationally renowned energy consultancy Wood Mackenzie officially released its Global Solar PV Tracker Market Share Report 2025. According to the report, Antaisolar has been ranked 9th globally in the 2024 annual Global solar PV tracker market. In key regional markets such as Latin America, Asia-Pacific, and China, the company secured a position within the Top 6, demonstrating its strong market competitiveness and growing brand influence. The report notes that global solar tracker shipments reached 111 GW in 2024, marking a 20% year-on-year increase and surpassing the 100 GW milestone for the first time. In this rapidly growing market, Antaisolar delivered 2.55 GW of solar tracker systems worldwide in 2024, representing a 40% year-on-year growth—outpacing the industry average. Thanks to the stability and reliability of its products and services, Antaisolar has achieved impressive rankings in multiple countries: 4th in India, 5th in Brazil, 6th in China, and 8th in Spain. These accomplishments highlight the company's strategic depth and targeted breakthroughs in key regional markets, continuing its contributions to the global green energy transition. Since 2006, Antaisolar has been deeply dedicated to the field of solar tracking systems. It has built a comprehensive one-stop service system covering product design, manufacturing, and after-sales support, providing efficient and intelligent solutions to clients worldwide. Its flagship products— TAI-Simple (1P single-axis) and TAI-Universal (2P single-axis)—have been widely adopted in utility-scale projects. The company is set to unveil its new flagship tracker system at the upcoming SNEC exhibition: AT–Spark 1P Multi-Slew Mechanical Linkage Single-Axis Independent Solar Tracking System. Featuring Antaisolar's self-developed large-radius octagonal torque tube combined with dual spherical bearing architecture, it supports ultra-long arrays with large-span multi-string configurations. Combined with Antaisolar SmartTrail intelligent tracking control system—with four layers of extreme weather protection, it ensures optimal performance in challenging conditions such as high winds and snow. Through advanced algorithms that optimize solar irradiance tracking, AT-Spark significantly enhances energy yield and reduces the levelized cost of electricity (LCOE), further solidifying Antaisolar's position as the preferred solution provider for utility-scale PV power plants. Looking ahead, Antaisolar remains its mission "Raise a Green World" and continues to position itself as an expert in digital intelligent PV mounting system solutions, Antaisolar will continue to write a new chapter of excellence and contribute long-lasting momentum to the global energy transition.
Cision Canada
11-06-2025
- Business
- Cision Canada
Ranked Top 9 Globally for Solar Trackers: Antaisolar Enters Wood Mackenzie's List, Leading Markets in Multiple Countries
XIAMEN, China, June 10, 2025 /CNW/ -- Recently, the internationally renowned energy consultancy Wood Mackenzie officially released its Global Solar PV Tracker Market Share Report 2025. According to the report, Antaisolar has been ranked 9th globally in the 2024 annual Global solar PV tracker market. In key regional markets such as Latin America, Asia-Pacific, and China, the company secured a position within the Top 6, demonstrating its strong market competitiveness and growing brand influence. The report notes that global solar tracker shipments reached 111 GW in 2024, marking a 20% year-on-year increase and surpassing the 100 GW milestone for the first time. In this rapidly growing market, Antaisolar delivered 2.55 GW of solar tracker systems worldwide in 2024, representing a 40% year-on-year growth—outpacing the industry average. Thanks to the stability and reliability of its products and services, Antaisolar has achieved impressive rankings in multiple countries: 4th in India, 5th in Brazil, 6th in China, and 8th in Spain. These accomplishments highlight the company's strategic depth and targeted breakthroughs in key regional markets, continuing its contributions to the global green energy transition. Since 2006, Antaisolar has been deeply dedicated to the field of solar tracking systems. It has built a comprehensive one-stop service system covering product design, manufacturing, and after-sales support, providing efficient and intelligent solutions to clients worldwide. Its flagship products— TAI-Simple (1P single-axis) and TAI-Universal (2P single-axis)—have been widely adopted in utility-scale projects. The company is set to unveil its new flagship tracker system at the upcoming SNEC exhibition: AT–Spark 1P Multi-Slew Mechanical Linkage Single-Axis Independent Solar Tracking System. Featuring Antaisolar's self-developed large-radius octagonal torque tube combined with dual spherical bearing architecture, it supports ultra-long arrays with large-span multi-string configurations. Combined with Antaisolar SmartTrail intelligent tracking control system—with four layers of extreme weather protection, it ensures optimal performance in challenging conditions such as high winds and snow. Through advanced algorithms that optimize solar irradiance tracking, AT-Spark significantly enhances energy yield and reduces the levelized cost of electricity (LCOE), further solidifying Antaisolar's position as the preferred solution provider for utility-scale PV power plants. Looking ahead, Antaisolar remains its mission "Raise a Green World" and continues to position itself as an expert in digital intelligent PV mounting system solutions, Antaisolar will continue to write a new chapter of excellence and contribute long-lasting momentum to the global energy transition.
