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After 30 years of R&D and commercial proof, hundreds of billions in institutional dollars are pour...
Exploring the implications for manufacturers, developers and investors of the Inflation Reduction Act.
Listen to our latest Horizons podcast. Costs for offshore wind are reducing dramatically and it will play an integral part of the energy transition.
Wood Mackenzie welcomes Canadian Solar as a development partner for its industry-leading Lens® decision intelligence platform, which delivers live data across the industrial landscapes of every global economy.
Join executives from EDF Energy, Renewable Energy Institute and Société Générale as Europe’s energy sector gears up for critical transformation
This report presents our May 2025 long-term outlook for the Integrated Single Electricity Market (I-SEM) of Ireland and Northern Ireland. The market report and dataset provide projections out to 2060, commenting on market trends and the changing dynamics of price formation. This outlook incorporates Wood Mackenzie’s Q1 2025 power technology outlooks and latest (May 2025, Strategic Planning…
This report presents our May 2025 long-term outlook for the Netherlands and Belgium power markets. The market report and dataset provide projections out to 2060, commenting on market trends and the changing dynamics of price formation. This outlook incorporates Wood Mackenzie’s Q1 2025 power technology outlooks and latest (May 2025, Strategic Planning Outlook) commodity price forecasts. The report…
Economic growth, stability in energy prices, energy transition, dual-control targets and relations with the US, are the top five themes to watch out for in China’s energy outlook this year, says Wood Mackenzie.
Proposed legislation to extend the investment credit tax (ITC) would have a profound impact on the US solar industry, Wood Mackenzie analysis shows, potentially increasing deployments by 44% over the next decade. But the extension, currently before Congress as part of a budget reconciliation package, will not be enough to achieve 80% carbon-free electricity generation by 2030.
The time is ripe for the world's major energy exporters to accelerate the energy transition, and mastering the hydrogen trade could make a difference, says Wood Mackenzie.
China’s efforts to control carbon emissions could have a negative impact on its economic growth in the short term, says Wood Mackenzie.
Global electric vehicle (EV) sales are expected to vault over 6 million this year, says Wood Mackenzie.
Wind turbine prices are expected to increase by up to 10% over the next 12 to 18 months due to increases in commodity prices, logistics costs, and coronavirus-related challenges, according to new analysis from Wood Mackenzie, a Verisk business (Nasdaq:VRSK).
Community solar is taking an increasing slice of market share in the US. State-level programs and incentives fueled a record-breaking year of growth in 2020, accounting for 37% of annual non-residential solar capacity – up from just 13% in 2016. Now, with new programs emerging and mature markets facing challenges, can the sector maintain its growth?
Asia Pacific solar photovoltaic (PV) capacity could triple to 1,500 gigawatts (GW) by 2030, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).
Japan is unlikely to reach a 46% reduction in emissions by 2030 compared to 2013 levels, according to research by Wood Mackenzie.
Wood Mackenzie’s latest scenario report reveals that a significant increase in carbon pricing is needed to achieve the goals of limiting the rise in global temperatures to within 1.5 degrees Celsius.
As global solar PV markets continue to weather the challenges posed by the coronavirus pandemic, solar PV installations are expected to hit 115 GWdc this year, according to Wood Mackenzie’s latest quarterly market outlook. This is up 5% from the total installed globally in 2019.
The second quarter of 2020 saw more than 17 GW of wind turbine capacity ordered globally. This equates to an estimated $16 billion, according to new analysis from Wood Mackenzie.
China’s gas power plants are struggling to stay afloat as they face mounting pressure from lower tariffs and the ongoing trade war, says Wood Mackenzie.
The U.S. solar market installed 3.6 gigawatts (GW) of new solar photovoltaic (PV) capacity in Q1 2020, representing its largest first quarter ever and 40% of all new electric generating capacity additions in the United States.
Petrobras’ handling of the crisis it faced as Brazilian gas demand slumped earlier this month offers valuable lessons to integrated players, Mauro Chavez, head of Latin America Gas & LNG at global natural resources consultancy Wood Mackenzie, says.
Wood Mackenzie has trimmed its forecast for US behind-the-meter (BTM) energy storage in 2020 by 31% as a result of the coronavirus crisis.
Over the next decade, traditional fuel-based generation will shrink as a proportion of the power mix. This will increase the flexibility needs of utility and power markets, according to Wood Mackenzie.
Wood Mackenzie expects 1.5% of all passenger vehicles in the United Kingdom to have a plug by the end of 2020, ramping up to 43% by 2040.
2019 saw nearly 100GW of global wind turbine order capacity, shattering the previous record set in 2018, according to new analysis from Wood Mackenzie.
Installers have already shared anecdotes about growing residential storage volumes in California, and Wood Mackenzie expects a large uptick early next year as marketing efforts for solar-plus-storage started earlier this year bear fruit.
More than $350 million was invested in advanced lithium-ion technologies during the first half of 2019.
According to a new report by Wood Mackenzie, Japan could lose its pole position as the world’s top LNG importer to China as early as 2022.
The US state of New York today awarded two major offshore wind contracts to Norwegian energy company Equinor, and Sunrise Wind, a joint venture between Denmark’s Ørsted and US utility Eversource.
Developers in the US purchased sufficient equipment to qualify 6.6GW of new wind power capacity in 2018 for 60% production tax credits (PTC) under the Internal Revenue Service’s (IRS) safe harbor provision law, according to recent analysis carried out by Wood Mackenzie Power & Renewables. Accordi...
More than 680GW of new wind power capacity will come online globally over the 10-year outlook, according to new research by Wood Mackenzie Power & Renewables. Wood Mackenzie recently upgraded its Global Wind Power Market Outlook Update: Q4 2018 by 2% compared to the outlook published in the third...
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