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The region is poised to unlock 270 GW of solar capacity over the next decade
Amid a challenging year for the offshore wind sector, recent setbacks have increased costs but are now also starting to spur vital policy changes. The industry is now in a position to reverse setbacks and advance toward ambitious goals, encouraging greater investments in renewables and job growth over the next decade
The largest solar portfolios in the world grew by a staggering 44% in 2022
The electrolytic hydrogen sector is rapidly expanding, with over 85 Mtpa of projects announced and cumulative factory announcements exceeding 218 gigawatts of electrolyser capacity by the end of Q3 2023
Demand loss is increasing price cannibalisation and curtailment risk, but asset owners are adapting
To accelerate Europe’s energy transition, investors need to leverage opportunities to diversify the region’s energy mix.
Starting in 2024, China will dominate the solar module supply chain with over 80% global capacity, driven by significantly lower costs of modules compared to Europe and the US
Installers grow weary of investing further in marketing strategies amidst a residential market slowdown
How should this news affect your winter trading decisions and congestion expectations?
Transformers are a key component in large-scale renewables projects. However, high lead times and rising manufacturing costs are at risk of causing expensive project delays and preventing power plants from being brought online
Supply chain constraints have alleviated, sparking the largest year of solar installations in the US by far.
Our latest quarterly global solar PV forecast has seen a 5% upgrade, projecting over 3 TWdc of new solar PV installations between 2023 and 2032
As solar-plus-storage gathers momentum, a new leaderboard tracks the competitive landscape.
At this year’s COP28, Edinburgh Science and Wood Mackenzie’s discussion ‘Delivering on the promise of climate finance at last’ tackled the importance of climate finance, the role of international collaboration in addressing climate change, and the need to mobilise investments in emerging markets to drive sustainable solutions
In 2023, Europe's power market stabilized with a milder winter and successful demand reduction measures, while geopolitical events and gas supply restructuring influenced dynamics. Decreased power demand, a drop in commodity prices, and increased renewables contributed to a more resilient market, though challenges persisted with low and negative power prices during abnormal weather periods.
In 2024, tangible opportunities, record-level tenders and strategic shifts in the supply chain set the stage for a rebound from the challenges faced in the previous year
Asia Pacific markets powered ahead in 2023, with strong overall demand growth and enormous investments in the power and renewables sector. We explore whether this growth will continue in 2024, or whether there are some fundamental changes underway.
European power and renewables markets enter 2024 with relative stability compared to last year, although challenges arise in transitioning to emissions-free renewables.
What are the reasons for optimism for European clean energy in 2024?
Western OEMs reduce the pace of NPI and focus on product standardisation while Chinese peers continue the frenetic pace of new turbine introduction
How can we balance the increased cost of diversifying energy transition critical supply chains against the economic and strategic risk of being wholly reliant on China? Pragmatically, how can the world’s biggest economies work together to achieve a successful energy transition?
North America’s energy transition could be longer, more expensive and more politically contentious than previously predicted
Key takeaways from the 2040 Climate Target, Net Zero Industry Act and Industrial Carbon Management Strategy
Ancillary services are crucial for reliable and safe operation of a power system. Redesign of such markets in Asia Pacific could kickstart the uptake of grid-scale batteries in the region.
How Wood Mackenzie helps utilities make better decisions in the ever-changing power and renewables landscape
Lofty ambitions, particularly for onshore growth, face the reality of industry headwinds
PPA pricing in 2024 and beyond: a shift from pre-crisis benchmarks
Read on for developments in carbon policy coming out of the US, UK and EU
A discussion with Origami Solar and Wood Mackenzie
2023 was a year of fragmentation for the residential solar financing market
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