• News Release

  South American onshore wind power to expand 122% through 2032

  • 12 7月 2023

  Free market expansion will be one of the main drivers of onshore wind growth in the next 10 years in South America. The total wind market is set to add 41.2 gigawatts (GW) of onshore projects through 2032, based on a new analysis from Wood Mackenzie.

• News Release

  Top 10 solar PV inverter vendors account for 86% of global market share

  • 14 8月 2023

  The top 10 global solar photovoltaic (PV) inverter vendors accounted for 86% of market share in 2022, increasing by 4% year-over-year since 2021, according to latest analysis by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

• News Release

  US$ 27 billion investment required to mobilise global offshore wind supply chain

  • 17 8月 2023

  The global offshore wind supply chain will require US$ 27 billion of secured investment by 2026 if it is to meet a fivefold growth in annual installations (excluding China) by 2030, according to latest Horizons report by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

• News Release

  H1 global wind turbine orders hit new high at 69.5 GW

  • 31 8月 2023

  Global wind turbine order intake reached new highs in H1, with 69.5 gigawatts (GW) of activity, a 12 percent increase year-over-year, according to a new analysis from Wood Mackenzie.

• News Release

  Global wind power cumulative installed capacity to hit 2.38TW in 2032

  • 20 9月 2023

  Increased activity in Western markets and Africa will drive a ten-year compound annual growth rate of 10.1% for grid-connected wind power, leading to 2.38 terawatts (TW) of cumulative installed capacity at the end of 2032, according to Wood Mackenzie.

• News Release

  U.S. grid-scale energy storage installations set new record in Q2 2023

  • 25 9月 2023

  Across all segments of the industry, the U.S. energy storage market added 5,597 megawatt hours (MWh) in the second quarter of 2023, a new quarterly record. The grid-scale segment led the way with a record-breaking 5,109 MWh in Q2, beating the previous record in Q4 2021 by 5%, according to a new report released today.

• News Release

  Top 15 Global PV O&M firms commanded 115GWdc of monitored solar capacity in 2022

  • 02 10月 2023

  The top 15 global PV O&M providers expanded their overall portfolio for a total volume of 115 gigawatts direct current (GWdc) in 2022, an annualized growth of 13%, according to Wood Mackenzie.

• News Release

  US Department of Energy to invest US$7 billion into seven regional hydrogen hubs

  • 17 10月 2023

  The announcement by the U.S. Department of Energy (DOE) to invest US$7 billion across seven Regional Clean Hydrogen Hubs (H2Hubs) signifies a significant step towards creating a low-carbon hydrogen economy, according to Wood Mackenzie.

• News Release

  Global energy storage integrator market grows increasingly competitive in 2022

  • 30 10月 2023

  The global Battery Energy Storage Systems integrator market has grown increasingly competitive in 2022, with the top five global system integrators accounting for 62% of overall BESS shipments.

• News Release

  China to hold over 80% of global solar manufacturing capacity from 2023-26

  • 07 11月 2023

  After investing over US$130 billion into the solar industry in 2023, China will hold more than 80% of the world’s polysilicon, wafer, cell, and module manufacturing capacity from 2023 to 2026.

• News Release

  Emissions-free supply expected to rise to 85% by 2030 in Europe

  • 29 11月 2023

  The European power market will see its carbon intensity plummet as the region pursues ambitious climate-energy policies but flexibility is key to enable this change, according to Peter Osbaldstone, Research Director, Europe Power & Renewables at Wood Mackenzie.

• News Release

  Southern cone gas and power market to invest US$46 billion in gas production and US$94 billion in new power supply through 2033

  • 30 11月 2023

  Driven by advances in batteries and lower costs, solar will outpace wind growth rates and become the leading technology for expansion over the next ten years in Argentina, Brazil, and Chile. The total solar market is set to add 48 gigawatts (GW) of utility and distributed projects, while wind will add 31 GW of onshore projects through 2033, with the total investment in new power supply leading to a cumulative capacity of 400 GW by 2033, based on a new analysis from Wood Mackenzie.

• News Release

  Oil & gas Majors share just 8% of global low-carbon hydrogen capacity

  • 06 12月 2023

  Oil and gas Majors have just an 8% market share of announced global net low-carbon hydrogen production capacity, which equates to 102.6 million tonnes per annum (Mtpa), according to latest analysis from Wood Mackenzie. The Majors are focused on getting small-scale projects operational before 2030 to pave the way for industrial scale-up next decade.

• News Release

  Solar Poised for Record-Setting 2023 while Economic Challenges Mount

  • 07 12月 2023

  The U.S. solar industry added 6.5 gigawatts (GW) of new electric generating capacity in Q3 2023, a 35% year-over-year increase as federal clean energy policies begin to take hold.

• News Release

  Time to act as momentum builds for CCUS and hydrogen

  • 31 1月 2022

  This year companies and governments will need to make good on the pledges they made on energy transition technologies, including carbon capture, utilisation and storage (CCUS) and low-carbon hydrogen, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK). In a new report, CCUS and hydrogen: 5 things to look for in 2022, the global energy consultancy points out the huge momentum behind both CCUS and low-carbon hydrogen in 2021, with announcements of new projects, policies and investment as COP26 spurred companies’ net zero targets.

• Comment

  New NEM 3.0 provisions ‘will cut California solar market in half by 2024’

  • 25 1月 2022

  New analysis from Wood Mackenzie, a Verisk business (Nasdaq: VRSK), shows that California’s newly proposed net energy metering tariffs (NEM 3.0) would severely reduce residential solar’s value proposition. According to Wood Mackenzie’s new forecast scenario, the California residential market would be cut in half by 2024.

• News Release

  Solar growth trajectory remains uncertain as federal legislation stalls

  • 10 3月 2022

  In 2021, US solar prices increased as much as 18% due to unprecedented supply chain challenges, trade actions, and legislative uncertainty, according to the US Solar Market Insight 2021 Year in Review report.

• News Release

  Community solar sector to beat earlier 5-year forecast by 9%

  • 08 2月 2022

  The U.S. community solar market is poised to continue growing over the next five years, adding 4.5 gigawatts (GW) of capacity, a 9% increase on previous projections. Expanded programs and new initiatives will boost development, but interconnection challenges may hamper the sector, according to new research released today by Wood Mackenzie, a Verisk business (Nasdaq: VRSK), carried out in collaboration with the Coalition for Community Solar Access (CCSA).

• News Release

  US energy storage market sets Q4 record for new installations

  • 24 3月 2022

  The US energy storage market set a new record in the fourth quarter of 2021, with new system installations totalling 4,727 megawatt hours (MWh).

• Comment

  Earthquake in Japan impacts power sector

  • 21 3月 2022

  Following the 7.4-magnitude earthquake reported off Fukushima, Japan, Wood Mackenzie senior analyst Yamato Kawamata gives an overview of the impact on the power sector.

• Comment

  New York awards Equinor, Sunrise Wind major offshore wind contracts

  • 19 7月 2019

  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.

• News Release

  Major policy changes in China to drive long-term solar installation growth

  • 14 5月 2019

  The solar market in China could see long-term benefits from major government policy changes that move the country away from federal feed-in tariffs and embrace unsubsidised business models.

• News Release

  Malaysia offers significant gas opportunities

  • 24 6月 2019

  According to research by natural resources consultancy Wood Mackenzie, Malaysia offers some of the most material and attractive upstream investment opportunities in Southeast Asia, primarily due to the need for additional gas supply.

• News Release

  Decarbonising US power grid 'may cost US$4.5 trillion'

  • 27 6月 2019

  The transition to a 100% renewable US power grid will need investment of up to US$4.5 trillion over the next 10 to 20 years, new analysis from Wood Mackenzie found.

• News Release

  Solar power to become cheaper and more efficient in 2020s

  • 04 2月 2020

  Solar system prices will continue to drop over the next decade, driven by advances in module efficiency, manufacturing, labour practices and software, according to Wood Mackenzie.

• News Release

  US energy storage market sets Q2 record for deployments

  • 03 9月 2020

  According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest 'US Energy Storage Monitor' report, 168 MW were deployed in Q2 2020. This is an increase of 72% quarter-over-quarter, 117% year-over-year and is the second-highest quarterly total ever seen, falling just behind Q4 2019 (186.4 MW).

• News Release

  Asia Pacific power generation could attract US$1.5 trillion investments this decade

  • 08 9月 2020

  Wood Mackenzie’s latest report shows that the power generation sector in Asia Pacific could attract US$1.5 trillion worth of investments over the decade ending 2030.

• News Release

  LFP to overtake NMC as dominant stationary storage chemistry by 2030

  • 17 8月 2020

  Lithium-iron-phosphate (LFP) is poised to overtake lithium-manganese-cobalt-oxide (NMC) as the dominant stationary storage chemistry within the decade, growing from 10% of the market in 2015 to more than 30% in 2030, according to new analysis from Wood Mackenzie.

• News Release

  323 million electric vehicles will be on the roads by 2040

  • 19 8月 2020

  Electric vehicle (EV) sales are expected to reach 45 million units per year by 2040, with a total global EV stock of 323 million, according to new research from Wood Mackenzie.

• News Release

  China’s gas power plants bleed under pressure from lower tariffs and trade war

  • 15 9月 2020

  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.