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News Release
Mexico to lead Central America, Caribbean wind power growth
- 03 7月 2019
More than 9.5 gigawatts (GW) of new wind power capacity will be commissioned in Central America and the Caribbean through 2028, driven by central planning authorities in smaller markets and the attractive value proposition of the technology in Mexico, new research from Wood Mackenzie found.
News Release
China to become largest energy storage market in Asia Pacific by 2024
- 09 7月 2019
China’s cumulative energy storage capacity is projected to skyrocket from 489 megawatts (MW) or 843 megawatt-hours (MWh) in 2017 to 12.5 gigawatts (GW) or 32.1GWh in 2024. This represents an increase in the installed base of 25 times.
News Release
Global wind power capacity to grow by 60% over next 5 years
- 08 7月 2019
Global wind power capacity additions are expected to sit at an annual average of 71GW from 2019-2023 and 76GW from 2024-2028, according to new research from Wood Mackenzie Power & Renewables.
News Release
Top ten wind turbine OEMs to spend €2.3bn on R&D by 2023
- 23 7月 2019
Research and development (R&D) expenses among the world's top ten wind turbine OEMs have more than doubled in the last four years, reaching €1.6bn in 2018. This figure is expected to increase to €2.3bn by 2023.
News Release
India leads with lowest renewable cost in Asia Pacific
- 29 7月 2019
India has emerged as the market leader with the lowest renewable energy cost in Asia Pacific, new research from Wood Mackenzie found.
News Release
European residential storage market at economic tipping point
- 06 8月 2019
The European residential storage market deployment base is expected to grow five-fold to 6.6 GWh by 2024, according to new research from Wood Mackenzie.
Comment
Portugal's world record-breaking solar PV auction
- 12 8月 2019
Portugal is now the country with the world’s lowest-cost solar PV contract. The lowest tariff awarded in the country’s first solar PV auction – held in July 2019 – was just €14.76/MWh, or US$16.54/MWh at today’s exchange rates. This narrowly beats the recent US$16.95/MWh contract awarded in Brazil.
News Release
Wind turbine order capacity hit a record high in Q2 2019
- 04 9月 2019
Global wind turbine order intake increased 111% YoY, overtaking the previous record set in Q4 2018 by 13.2GW, according to new research from Wood Mackenzie.
News Release
Strategic vendors and European utilities dominate EV charging M&A activity
- 05 9月 2019
Strategic vendors - companies that offer products or services in the EV market - and European utilities were responsible for over 80% of electric vehicle (EV) charging M&A activity from 2010 through H1 2019, according to new research from Wood Mackenzie.
News Release
US residential energy storage surges
- 10 9月 2019
A record 35 megawatts of residential storage was deployed in Q2 as a result of rising customer interest and support incentives in more state markets
News Release
Coal is still king in Southeast Asia’s power market
- 25 9月 2019
According to a new report by Wood Mackenzie, coal will continue to be the dominant fuel source in power generation, peaking at 2027 before slowing down and accounting for 36% of the region’s generation mix in 2040.
Comment
Record low price for offshore wind in CfD round 3 auction
- 20 9月 2019
The Department for Business, Energy and Industrial Strategy (BEIS) this morning revealed the results of the UK government’s third Contracts for Difference (CfD) auction round.
Comment
CPIH and Equinor sign cooperation agreement on offshore wind
- 25 9月 2019
CPIH (China Power International Holding) and Equinor have signed a Memorandum of Understanding (MoU) to cooperate on offshore wind in China and Europe.
News Release
Unplanned solar plant repairs to cost industry $16 billion over next 6 years
- 08 10月 2019
Annual solar plant operations and maintenance (O&M) costs will grow from nearly $4.5 billion in 2019 to just over $9 billion in 2024. This increase is due to future demand growth and current installed capacity. Unplanned repairs alone can cost owners up to $3,000/MW/year, based on an average-sized solar power system of 50MW, according to new research from Wood Mackenzie.
Comment
Total expands partnership with Adani on India's gas market
- 14 10月 2019
Total announced today its partnership with Adani Group which includes two LNG terminals, Dhamra in East India and potentially Mundra in the West, as well as Adani Gas Limited, one of the 4 main distributors of city gas in India of which Adani holds 74.8% and of which Total will acquire 37.4%.
Comment
Acciona in Nordex takeover bid
- 08 10月 2019
Acciona will launch a 100% takeover of German manufacturer Nordex after increasing its majority share in the turbine maker to 36.27%.
News Release
Balance-of-systems costs for US non-residential storage to drop
- 24 10月 2019
Non-residential storage system costs will fall by 27% in the US over the next five years, according to new research from natural resources consultancy Wood Mackenzie.
News Release
Vietnam becomes Southeast Asia’s hottest solar PV market
- 01 11月 2019
Vietnam is now the leader in Southeast Asia’s solar photovoltaic (PV) market with the largest installed capacity in the region.
News Release
Europe and North America will have over 1 million workplace EV chargers by 2025
- 06 11月 2019
The North America and Europe workplace EV charging markets could surpass a combined 500,000 charger units in 2022 and reach over 1.25 million by 2025, according to new research from Wood Mackenzie.
News Release
Renewable electricity to deliver on Europe’s 2030 climate-energy goals
- 07 11月 2019
If European member states deliver their individual National Energy and Climate Plans, renewables will account for around 53% of power supply in 2030. Europe is on track to hit this target, although the performance of individual countries will vary, according to analysis from Wood Mackenzie.
News Release
Asia Pacific’s decarbonisation bill to hit US$3.5 trillion in 2040
- 12 11月 2019
Recent research by Wood Mackenzie indicates that Asia Pacific’s decarbonisation bill could hit US$3.5 trillion by 2040. This includes investments in solar, wind, hydrogen, nuclear, and hydro power, collectively referred to as zero-carbon energy between now and 2040, under Wood Mackenzie’s accelerated transition scenario.
News Release
Europe to spearhead renewable energy cost reductions for offshore wind through 2028
- 18 11月 2019
Europe’s levelised cost of energy (LCOE) for bottom-fixed offshore wind will fall from an average of $133/MWh in 2019 to $51/MWh in 2028, according to new research by Wood Mackenzie.
News Release
Volkswagen to become world’s largest electric vehicle manufacturer by 2028
- 14 1月 2020
Volkswagen has pledged to become carbon-neutral by 2050. Included in its roadmap for reaching this target is a plan to manufacture 22 million electric vehicles by 2028. Wood Mackenzie expects the company to miss this target. However, according to Wood Mackenzie's analysis, VW will hit 14 million EVs by 2028 - making it the world's largest EV manufacturer by the end of the decade.
News Release
Will renewables displace conventional fuels in Asia’s growth markets in the 2020s?
- 05 2月 2020
In a new report, Wood Mackenzie highlights trends that will shape Asia Pacific’s power and renewables markets this decade.
News Release
Global onshore wind industry to reach maturity in 2020s
- 05 2月 2020
Solar power has emerged as the biggest threat to onshore wind's dominance in the decarbonisation battle. However, the tools available to the wind sector to combat this challenge are diminishing, according to Wood Mackenzie.
Comment
French major Total to take 50% stake in Adani solar unit
- 07 2月 2020
Speaking after French major Total announced it planned to buy a 50% stake in Indian company Adani Green Energy’s solar unit, Tom Heggarty, principal analyst with Wood Mackenzie’s Energy Transition Practice, said: “Total has been extremely active in the power and renewables M&A market as it seeks to diversify its activities and grow its exposure to the zero-carbon power sector."
News Release
Can offshore wind sustain double-digit growth?
- 06 2月 2020
According to Wood Mackenzie figures, offshore wind will constitute 25% of total wind demand in 2028 - up from 10% in 2019 - and will narrow the gap with offshore upstream oil and gas in terms of capital expenditure deployment.
News Release
Global battery electric vehicle sales to surge in 2020s
- 10 2月 2020
The second half of the 2010s saw the rebirth of the battery electric vehicle (BEV).
News Release
Brazil’s consumers ‘pay price’ for power costs problems
- 12 2月 2020
New research from global natural resources consultancy Wood Mackenzie indicates the fuel pricing mechanism used by Brazil’s Energy Planning Agency (EPE) in the country’s power auctions does not align with the New Gas Market programme – and Brazilian electricity consumers may pay the price for this.
News Release
US storage market sets power capacity record with Q4 2019 deployments
- 10 3月 2020
The United States energy storage sector set a power capacity record in Q4 2019, deploying 186.4 megawatts (MW) and 364.2 megawatt-hours (MWh) of storage.

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