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

19 June 2024

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

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

10 September 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.

News Release

US wind market installations hit a decade low

08 April 2025

The U.S. wind market continued a downward trend in 2024, with 5.2 gigawatts (GW) of total installations, the lowest in 10 years, according to the U.S. Wind Energy Monitor report released by Wood Mackenzie. The report shows that 3.9 GW of onshore builds came online last year, along with 1.3 GW of onshore repowers and 101 megawatts (MW) of installed offshore capacity.

News Release

European renewable PPA market sees 19GW of new capacity contracted in 2024

15 April 2025

The European renewable energy Power Purchase Agreement (PPA) market demonstrated strong recovery in 2024, with nearly 19 gigawatts (GW) of new capacity contracted, according to the latest Europe Renewables PPA Tracker report released by Wood Mackenzie. The report highlights a surge in PPA activity, with Spain and Germany leading the market, accounting for 30% of total capacity. Solar PV and wind projects represented approximately 80% of contracted capacity, with each technology contributing similar volumes. Poland, the UK and Greece entered the top five across all deal types (corporate, route-to-market and utility).

News Release

US energy dominance faces long-term challenges

17 April 2025

While the United States currently dominates global oil and gas production, it faces significant challenges to maintaining the same level of leadership in the coming decades, according to the latest Horizons report from Wood Mackenzie.

News Release

In 2025, Up to 3.5 Mcmd in play as spot gas market challenges firm contracts in Brazil

30 April 2025

Brazil's Local Distribution Company (LDC) market dynamics are set for significant changes in 2025, with a notable shift towards spot market transactions, according to a recent report from Wood Mackenzie.

News Release

Despite surging power demand, gas-fired power faces manufacturing constraints that could limit near-term growth

14 May 2025

A new report from Wood Mackenzie finds that despite surging power demand, the gas turbine market could experience "turbo lag" in the next 15 years due to manufacturing constraints, rising costs, and competition from renewables.

News Release

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

15 May 2025

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

News Release

Global PV inverter shipments grew by 10% in 2024 to 589 GWac

10 July 2025

Global PV inverter shipments grew by 10% to 589 gigawatts alternating current (GWac) in 2024. Asia Pacific, led by China, accounted for nearly all global growth, while the US and Europe declined.

News Release

US Q1 wind installations increase 91% YOY, but uncertain regulatory environment stalls turbine orders

28 July 2025

The Q1 U.S. wind market exceeded 2024’s pace, more than doubling activity with 2.1 gigawatts (GW) of installations—but regulatory uncertainty led to a significant pullback in wind turbine orders, according to the U.S. Wind Energy Monitor report released today by Wood Mackenzie and the American Clean Power Association (ACP).

News Release

Tesla remains the top global producer of battery energy storage systems in 2024, but Sungrow narrows the gap

07 August 2025

Tesla retained its top spot for the second year-in-a-row as lead producer in the battery energy storage system (BESS) integrator market with a 15% market share in 2024, according to Wood Mackenzie’s Global battery energy storage system integrator ranking 2025 report.

News Release

US grid interconnection agreements increase 33% in 2024

28 August 2025

US grid interconnection agreements reached historic highs in 2024, surging 33% to 75 GW—the highest volume on record.

News Release

Virtual power plant capacity expands 13.7% year-over-year to reach 37.5 GW, according to Wood Mackenzie

17 September 2025

The virtual power plant (VPP) market grew rapidly over the last year, reaching 37.5 GW of behind-the-meter flexible capacity, according to a new report from Wood Mackenzie.

News Release

Solar and storage costs are set to increase 9% in Q4 2025 as Chinese policy shifts end an era of low equipment prices

02 October 2025

Solar and storage developers face a sharp increase in equipment procurement costs from Q4 2025 onwards due to Chinese government policy changes and supply-side production cuts, which are bringing an end to the era of low prices that have characterized the market for the past 18 months, according to a new report from Wood Mackenzie.

News Release

H1 US wind installations down 15% YOY, activity spike projected for H2

21 October 2025

The Q2 U.S. wind market installed 593 megawatts (MW), down 60% compared to Q2 2024. But installations through the first nine months of 2025 are projected to outpace 2024, reaching a total of 3.8 gigawatts (GW).

News Release

Coal and gas generation can accommodate 40 to 75% of expected US peak demand growth through 2030

20 November 2025

With the US preparing for approximately 90 gigawatts (GW) of peak demand growth through 2030, gas and coal generation will only be able to meet about 37 GW of this growth.

News Release

U.S. Adds 11.7 GW of New Solar Capacity in Q3, Third Largest Quarter on Record

09 December 2025

The U.S. solar industry installed 11.7 gigawatts (GW) of new capacity in Q3 2025, marking the industry’s third-largest quarter on record and pushing total installations this year past 30 GW.

News Release

US expected to install over 7 GW of wind capacity in 2025, 36% more than 2024

18 December 2025

The U.S. is expected to add more than 7 gigawatts (GW) of wind installations in 2025, a 36% increase over the previous year, and the five-year outlook remains unchanged quarter-over-quarter from previous forecast.

News Release

U.S. adds 43 GW of new solar capacity in 2025, marking fifth straight year as top source of new power

10 March 2026

The U.S. solar industry installed 43 gigawatts (GW) of new capacity in 2025, remaining the dominant source of new capacity added to the grid for the fifth consecutive year. Solar and energy storage represent 79% of new capacity installed in the first year of the Trump Administration.

News Release

Middle East conflict accelerates nuclear expansion in Japan and South Korea

18 March 2026

Middle East conflict is reinforcing energy security as a central pillar of power planning in Japan and South Korea, with coal generation providing a significant near-term buffer. During the current shoulder season, coal fleets could offset up to 70% of gas-fired generation in Japan and more than 100% in South Korea of the same season last year, according to new analysis from Wood Mackenzie. While both markets remain relatively insulated from immediate fuel supply disruption, the crisis is accelerating structural shifts toward nuclear expansion, slower coal retirements and the localisation of clean energy supply chains.

News Release

Middle East conflict to have limited near-term impact on Southeast Asia power markets, but raises long-term energy security risks

24 March 2026

Southeast Asia’s power markets are showing resilience to the ongoing Middle East conflict, but the crisis is reinforcing energy security as a central pillar of long-term power planning across the region. While regulated pricing and long-term LNG contracts are expected to shield most markets from severe near-term price shocks, the disruption is likely to accelerate a reassessment of generation strategies, according to the latest analysis from Wood Mackenzie.

News Release

2025 U.S. energy storage installations set new record, surpass 2024 by 52%

24 March 2026

The U.S. energy storage market hit a record 18.9 gigawatts of battery energy storage system installations in 2025, a 52% increase over 2024, according to the latest U.S. Energy Storage Monitor report.

Featured

The future for green hydrogen

25 October 2019

A new report on green hydrogen from Wood Mackenzie shows promise for the emerging technology.

Editorial

Grid edge highlights from Q4 2019

16 January 2020

EV chargers, demand response and the fight over National Grid’s gas hookups

Editorial

Electric vehicle battery demand's jump-start from lithium-ion

25 September 2019

Lithium-ion is a stalwart in rechargeable battery technology. Global EV sales are expected to grow nearly 40 times by 2040 to about 300 million vehicles.

Editorial

Bifacial market to grow tenfold by 2024

24 September 2019

Annual global bifacial module capacity will exceed 21 gigawatts by 2024

Editorial

The road ahead for electric vehicles

20 September 2019

Three hot topics for electric vehicles: when electric vehicles will become fully commercially competitive, how cities are transforming road transport, and EV infrastructure M&A activity.

Editorial

The next five years will see massive distributed energy resource growth

23 June 2020

The momentum is clear, despite COVID-19 impacts in 2021

Editorial

Solar and storage prices falling faster than expected

13 July 2020

Weakness in the global markets for solar modules and batteries is pushing down system costs in the United States

Editorial

Global smart meter total to double by 2024 with Asia in the lead

30 July 2019

Our H1 2019 update finds that advanced metering infrastructure penetration is poised to rise significantly over the coming years in both developed and developing markets.

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Search results: 1988

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

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

US wind market installations hit a decade low

European renewable PPA market sees 19GW of new capacity contracted in 2024

US energy dominance faces long-term challenges

In 2025, Up to 3.5 Mcmd in play as spot gas market challenges firm contracts in Brazil

Despite surging power demand, gas-fired power faces manufacturing constraints that could limit near-term growth

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

Global PV inverter shipments grew by 10% in 2024 to 589 GWac

US Q1 wind installations increase 91% YOY, but uncertain regulatory environment stalls turbine orders

Tesla remains the top global producer of battery energy storage systems in 2024, but Sungrow narrows the gap

US grid interconnection agreements increase 33% in 2024

Virtual power plant capacity expands 13.7% year-over-year to reach 37.5 GW, according to Wood Mackenzie

Solar and storage costs are set to increase 9% in Q4 2025 as Chinese policy shifts end an era of low equipment prices

H1 US wind installations down 15% YOY, activity spike projected for H2

Coal and gas generation can accommodate 40 to 75% of expected US peak demand growth through 2030

U.S. Adds 11.7 GW of New Solar Capacity in Q3, Third Largest Quarter on Record

US expected to install over 7 GW of wind capacity in 2025, 36% more than 2024

U.S. adds 43 GW of new solar capacity in 2025, marking fifth straight year as top source of new power

Middle East conflict accelerates nuclear expansion in Japan and South Korea

Middle East conflict to have limited near-term impact on Southeast Asia power markets, but raises long-term energy security risks

2025 U.S. energy storage installations set new record, surpass 2024 by 52%

The future for green hydrogen

Grid edge highlights from Q4 2019

Electric vehicle battery demand's jump-start from lithium-ion

Bifacial market to grow tenfold by 2024

The road ahead for electric vehicles

The next five years will see massive distributed energy resource growth

Solar and storage prices falling faster than expected

Global smart meter total to double by 2024 with Asia in the lead

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