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As energy companies worldwide grapple with the economic impact of the coronavirus pandemic, long-term planning continues. Ahead of the release of the 14th five-year plan early next year, recent announcements from several key players in the country’s power sector indicate China is considering a major investment spree in coal-fired generation.
The coronavirus crisis will cause global wind additions in 2020 to decline by 4.9GW when compared to Wood Mackenzie’s previous projections. Due to other market changes since Wood Mackenzie’s Q4 2019 update, total forecast wind additions for 2020 is now expected to be 73GW.
As US E&Ps are battered by plunging oil prices, the Trump administration is considering offering them financial support. This and more in this week's Energy Pulse with Ed Crooks.
Principal Economist Peter Martin’s 2000-word report “Global spread of Covid-19 derailing the world economy” examines the impact of coronavirus on the world economy. Get the highlights of Peter’s research here or purchase the full report for a more in-depth discussion.
The Amazon founder plans a new strategy: giving grants to scientists and activists, rather than making investments in energy technologies. That and more in this week's Energy Pulse with Ed Crooks.
We answer frequently asked questions about the fast-growing energy storage market
All oil and gas companies are in a state of flux. Driven by the energy transition, upstream supply must now be low cost, low risk and, increasingly, lower carbon. Lenders and shareholders seek clear strategies on emissions reduction, while still expecting the returns that attracted them to oil and gas companies in the first place.
American microgrid developers are taking two distinct approaches
As 2019 ended, I visited clients in Tokyo, Seoul and Taipei and was struck by how rapidly concern over emissions has escalated and is now driving energy policy change. I believe this trend could accelerate in 2020, with important implications for companies and the fuel mix across the region.
A new year, a new decade and a lot of uncertainty across Asia’s energy markets. To kick off 2020 I spoke to several WoodMac analysts in the region to hear their predictions for the coming 12 months. I hope their thinking might surprise you!
A diverse grid-scale market is evolving and maturing rapidly, with key players increasingly dominant
Ed Crooks discusses the outcomes of COP29 with Energy Gang regulars Melissa Lott and Amy Harder. They dive into what was agreed upon and its implications for the global energy transition. Joining them is Anca Gurzu, who covered the talks live in Baku.
The floater market has been a bull one the last few years, and rig rates are at decade highs, but the market is showing signs of cooling as operators show capital discipline and appetites for risky projects diminish
Could the repeal of the Inflation Reduction Act reshape the future of US solar? Hear Sylvia Leyva Martinez and Martin Pochtaruk from Heliene tackle policy changes, trade challenges and the critical skills gap in solar manufacturing.
More than 100 countries have pledged to cut methane emissions, with not much to show for it so far. What is being done to change that?
On 10 December, three of the most anticipated Final Investment Decisions (FIDs) of 2024 were announced in the space of just a few hours.
Our experts break down the most notable charts of the year so far across solar, storage, wind, hydrogen and power markets - and what they reveal about the future of the industry
We continue the conversation on CCUS following Wood Mackenzie’s 2024 Conference in Houston.
The global low-carbon hydrogen sector continues to hit new milestones, but only a fraction of announced capacity is being negotiated with offtakers, with the aim of advancing projects. Which developers are successfully attracting offtakers to secure project outcomes?
Protectionism should help domestic manufacturing, but it could come at a cost for buyers. Our recent report leveraging our solar supply chain data explores the implications.
Global investment in renewables is set to surpass US$2 trillion by 2030, creating jobs, lowering costs and making the U.S. more competitive. But with bottlenecks like transmission gridlock and permitting delays, how can we ensure clean energy initiatives deliver maximum impact?
Nuclear power can play an important role in tackling climate change and strengthening energy security. Its big problem has been buyers have not been willing to pay a premium for 24/7 carbon-free power. This week, that started to change.
What can we expect in the world of energy in 2024. A solar slowdown, relief for OPEC+, and the rise of blue hydrogen are among Wood Mackenzie analysts’ predictions for the year ahead.
As the global energy landscape continues to evolve, the wind energy sector is experiencing unprecedented transformation. Drawing from data from Wood Mackenzie’s rich Wind Services offering, our experts explored the causes and impacts of this pivotal shift in a recent webinar.
A shortage of critical components must be addressed to modernise and grow the US electricity network
The Energy Gang explores why transformers are suddenly in short supply and what’s being done to fix the situation.
How can strategic solar placements strengthen our grid? CEO Gregg Felton discusses building solar near energy hubs to relieve grid stress and support decarbonisation goals.
Tariffs and tax credits are leading to a surge in US production capacity for solar equipment and batteries, but put upward pressure on costs
Latest trends in financing and de-risking renewable energy projects
November’s US elections will have major implications across the power and renewables industry
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