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The spread of coronavirus around the world and the resultant disruption to raw material flows has already raised questions on globalisation and increased calls rather for greater regionalisation. Even before the outbreak, voices in Europe were lobbying for the creation of a ‘home grown’ electric vehicle chain – highlighting the inherent risks in relying on the likes of China, Korea and Japan for battery cells and other components.
The coronavirus pandemic will have a significant impact on the global solar PV market. Construction and development is slowing as countries around the world enforce unprecedented lockdowns. As the world economy faces severe economic disruption, Wood Mackenzie has downgraded its forecast for 2020 installations from 129.5 gigawatts (GW) to 106.4 GW, a reduction of 18%.
The pandemic caused by the coronavirus has wreaked havoc on global automotive demand and more so on electric vehicle sales. National lockdowns have kept customers away from car dealerships and stopped production lines. Fear and uncertainly has swayed people away from adopting new technology including electric cars. Join Ram Chandrasekaran, Principal Analyst Global Mobility & Transportation and Prakash Sharma, Director, Energy Transition Practice at Wood Mackenzie as they discuss the fallout of the coronavirus pandemic on the electric vehicles market.
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.
Join us to discuss the various impacts the coronavirus is having on the PJM power market including demand destruction, price changes, and maintenance trends.
Bangladesh is expected to double its fossil fuel imports to 32 million tonnes of oil equivalent (Mtoe) between 2020 and 2030, says Wood Mackenzie.
Helping investors evaluate opportunities in energy and natural resources during the Covid-19 crisis
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.
South Korea’s draft 11th Basic Plan—the road less travelled: a different path to energy transition
Identifying pathways from legacy fuels into low-carbon alternatives is a perennial challenge for incumbent energy players. Finding the optimal blend of competitive hydrogen costs, CO2 sourcing and policy support will be key.
Singapore's low carbon power target of 4 GW achievable by 2035
This month's Horizons Live examines whether synthetic fuels could be the key to unlocking growth in hydrogen.
As the share of renewables in European power supply reaches 50%, we examine some of the key drivers, enabling resources, and commercial instruments supporting continued decarbonisation. In this webinar our researchers will share their insight into the evolving dynamics of markets, the critical role of energy storage in serving the growing need for flexibility, and our new analysis of ancillary market opportunities.
Join Wood Mackenzie as we explore the global turbine OEM order intake recent trends.
After 15+ years of flat electricity demand, North America is staring down a potential re-emergence of electricity demand growth led by large loads - data centers and manufacturing.In this webinar our researchers will dive into our strategic planning outlook that was released in June 2024, covering a number of key changes that have been made, as a result of recent market shifts.
The world is not decarbonising quickly enough to reach net zero.
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.
Join us on Tuesday 1 October 2024, as our senior experts discuss how Europe’s leading renewable power developers are adapting their global investment strategies to energy transition challenges.
Our energy transition glossary helps you understand key terms and definitions.
In the recent Horizons Live session, our panel discussed carbon removals and how they will play a crucial role in achieving net zero.
Start RECording: Price outlook for renewable energy certificates in Asia Pacific
Join us on the 27th February as we discuss the outlook for Europe Upstream oil and gas
Watch our webinar replay to explore the critical topic of resource adequacy and the role of generator flexibility in today’s evolving energy landscape. We dive into capacity accreditation, renewable integration, and the future of grid stability, featuring expert insights from Dr. Karl Meeusen, PhD, and Wärtsilä’s innovative RICE technology.
Prime Minister Boris Johnson has announced the UK's new 10-point climate action plan.
Join us on December 9 for an in-depth analysis of the PJM power market as winter approaches.
South Korea becomes the latest Asian economy to announce its net-zero carbon emissions pledge.
Join Wood Mackenzie at 1:00 PM GMT on 12th November for its webinar on whether PPAs will be the dominant form of securing revenue streams for utility-scale projects around the world.
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.
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