• News Release

  Tesla takes Sungrow’s crown as lead global producer of battery energy storage systems in 2023

  • 08 8月 2024

  Telsa has overtaken Sungrow as lead producer in the battery energy storage system (BESS) integrator market with a 15% market share in 2023.

• News Release

  Global PV inverter shipments grew by 56% in 2023 to 536 GWac

  • 06 8月 2024

  Global PV inverter shipments grew by 56% to 536 gigawatts alternating current (GWac) in 2023, reflecting a strong year for the broader solar industry. The top 10 global PV inverter vendors accounted for 81% of the market.

• News Release

  Brazil power market to install 115 GW of new capacity by 2034

  • 14 8月 2024

  The Brazilian power market is expected to install 115 gigawatts (GW) of new capacity by 2034, primarily driven by the rise of free market demand. Wind and solar energy will spearhead growth, with 61 GW of utility and distributed solar and 24 GW of onshore wind projects due to be added in the next 10 years.

• News Release

  Proposed US House budget reconciliation bill poses many challenges to renewable energy industry

  • 15 5月 2025

  Solar, wind, and energy storage forecasts potentially downgraded, while 95% of announced green hydrogen projects are at risk.

• News Release

  REPORT: US solar panel manufacturing capacity grows nearly 4x under new federal incentives

  • 10 9月 2024

  Solar module manufacturing capacity in the United States now exceeds 31 gigawatts (GW) — a nearly four-fold increase since the Inflation Reduction Act (IRA) became law in 2022.

• Comment

  Who will finance Asia's coal power projects?

  • 05 1月 2018

  Historically, coal has played a key role in meeting Asia's growing power demand. However environmental concerns has led to more stringent regulations and commitments towards tighter emission controls globally. Increasingly over the last year, financing institutions (mostly export credit agencies (ECAs) in OECD countries and European banks) have announced plans to stop investing in coal power projects. This could impact Asia since we expect growth in power demand through to 2035, and this calls for new power capacity, including coal-fired ones.

• News Release

  Asia-Pacific offshore wind capacity to rise 20-fold in next decade

  • 24 10月 2018

  New research from global natural resources consultancy Wood Mackenzie indicates Asia-Pacific's offshore wind capacity will rise 20-fold to 43 GW in 2027.

• News Release

  More than 61GW of US wind turbine equipment has qualified for production tax credits since 2016

  • 12 2月 2019

  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...

• News Release

  Global offshore wind capacity will increase nearly sixfold over the next decade

  • 28 1月 2019

  By the end of 2017, offshore wind had only been deployed commercially across seven markets, with UK and Germany accounting for 68 percent of the grid-connected capacity. However, according to a recent report from Wood Mackenzie Power and Renewables, global offshore wind power demand will increase...

• Comment

  India's renewables to contribute 13% of power generation mix in five years, double the amount today

  • 15 10月 2018

  India’s renewables target of 175 GW capacity (100 GW of solar and 75 GW of wind) by 2022 is an ambitious endeavour. Even with significant cost declines, Wood Mackenzie expects about 76% of the target to be met by 2022 and this would still be a noteworthy achievement. Wood Mackenzie's solar analyst Rishab Shrestha explains why.

• News Release

  Asia-Pacific solar demand to decline first time this year

  • 24 10月 2018

  After a decade of stellar growth, Wood Mackenzie forecasts that solar demand in the Asia-Pacific will decline for the first time this year. Compared to 2017, the region's solar demand will dip 18% to 59 GW in 2018 due to declining installations in China, India and Japan.

• News Release

  Chinese wind asset owners keep their grip on global top 25

  • 19 10月 2018

  Chinese operators remain the leaders of the global wind asset market, according to new research from Wood Mackenzie Power & Renewables.

• News Release

  Is the end of the global energy transition closer than we think?

  • 17 10月 2018

  Is the Global Energy Transition on track? A new report by Wood Mackenzie, Thinking global energy transitions: the what, if, how and when, explores the forces shaping the energy transition, and pinpoints the sustainability tipping point – when the world shifts from the age of oil and gas to the age of power and renewables – will arrive by 2035.

• News Release

  Years of growth ahead for Eastern European onshore wind

  • 23 10月 2018

  Onshore wind energy in Eastern Europe, Russia and the Caspian will experience a compound annual growth rate of 9% from 2018 to 2027, according to new research by Wood Mackenzie Power & Renewables.

• News Release

  More than 680GW of new wind power to come online over next decade

  • 11 12月 2018

  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...

• News Release

  European energy storage markets heating up with total deployments nearing global highs

  • 20 11月 2018

  According to a new report from Wood Mackenzie Power & Renewables, an increasing number of major utilities have made strategic plays by investing in a relatively new European energy storage market over the past two years

• News Release

  New technology investments to boost growing global wind market

  • 06 12月 2018

  Wind turbines are set to become even bigger and better in an effort to maintain consistent downward trends of Levelized Cost of Electricity (LCOE), according to new research by Wood Mackenzie Power & Renewables. “Rapid technology developments have been a large driver of elevating wind to a compet...

• News Release

  Global storage market to grow from 12 GWh to 158 GWh by 2024

  • 09 4月 2019

  The global energy storage market will expand 13-fold by 2024, according to new research from Wood Mackenzie Power & Renewables.

• News Release

  Solar and wind uptake to reach 5.4 TWac from 2024 to 2033

  • 08 7月 2024

  From 2024 to 2033, developers will bring more than 5.4 terawatts (TWac) of new solar and wind capacity online, increasing the cumulative global total to 8 TWac, as the world endeavours to electrify economies and meet decarbonisation targets.

• News Release

  Renewables and nascent low-carbon technologies most exposed to high interest rates

  • 18 4月 2024

  If high interest rates persist, transitioning to a net zero global economy will be even harder and more costly. The higher cost of borrowing negatively affects renewables and nascent technologies, compared to more established oil and gas, and metals and mining sectors, which remain somewhat insulated.

• News Release

  Chinese companies dominate Wood Mackenzie’s solar PV module manufacturer rankings

  • 11 6月 2024

  Nine out of the top 12 manufacturers in Wood Mackenzie’s new global solar PV module manufacturer rankings are Chinese companies.

• News Release

  Global PV tracker shipments grew by 28% in 2023 to 92 GWdc

  • 25 7月 2024

  Global PV tracker shipments grew by 28% in 2023 to 92 gigawatts direct current (GWdc), reflecting a strong year for utility-scale solar in most regions across the world.

• News Release

  South America to see onshore wind capacity double in the next 10 years

  • 09 7月 2024

  South America’s cumulative onshore wind capacity will double to 79 GW in the next 10 years as developers install 40 GW of new capacity by 2033.

• News Release

  China leads global wind turbine manufacturers’ market share in 2023

  • 01 5月 2024

  China accounted for 65% of global wind capacity in 2023, which pushed four Chinese wind turbine original equipment manufacturers (OEM) into the top five global rankings, a first for the sector. With a record of 16.3 gigawatts (GW) capacity installed, Goldwind maintained the leading position for the second consecutive year.

• News Release

  Global nuclear SMR project pipeline expands to 22 GW, increasing more than 65% since 2021

  • 07 3月 2024

  The small nuclear reactor (SMR) project pipeline reached 22 GW in the first quarter of 2024, an expansion of 65% since 2021, according to a recent report by Wood Mackenzie. The current total project pipeline would require an investment of close to US$176 billion.

• News Release

  Wood Mackenzie appoints Xizhou Zhou as new head of Power and Renewables Business

  • 04 6月 2024

  Wood Mackenzie, a portfolio company of Veritas Capital, has appointed Xizhou Zhou EVP and Head of Power and Renewables, effective 3 June.

• News Release

  Record-breaking 1.7 GW of US community solar installed in 2024

  • 19 2月 2025

  The US community solar market installed a record-breaking 1.7 GWdc of capacity in 2024, a 35% increase from 2023, according to a new report released by Wood Mackenzie in collaboration with the Coalition for Community Solar Access (CCSA). However, with policy uncertainty at both national and state levels, long-term growth hangs in the balance.

• News Release

  Electric vehicle adoption to slow in US with recent Executive Orders

  • 29 1月 2025

  Recent executive orders in the United States could have profound implications on electric vehicles (EV), slowing down the pace of adoption, according to a recent report from Wood Mackenzie. According to the report, “Trump’s executive orders unsettle electric vehicle and battery markets” policy changes have impacted the EV, battery, and raw material markets in the US and globally. The wide-ranging changes will affect everything from subsidies for consumers to funding for EV charging stations, as well as trade tariffs on imported raw materials.

• News Release

  US utilities to face significant challenge as power demand surges for the first time in decades

  • 17 10月 2024

  US power demand has remained essentially flat for the past decade, but this is all about to change as a pending surge in demand growth will be the biggest challenge for utility companies in decades, according to the latest Horizons report from Wood Mackenzie.

• News Release

  Singapore's low carbon power target of 4 GW achievable by 2035

  • 19 6月 2024

  Singapore's low carbon power target of 4 GW achievable by 2035