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The Brazilian power market is expected to install 115 gigawatts (GW) of new capacity by 2034, primarily driven by the rise of free market demand. Wind and solar energy will spearhead growth, with 61 GW of utility and distributed solar and 24 GW of onshore wind projects due to be added in the next 10 years.
7.3 gigawatts direct current (GWdc) of total new community solar installations are expected to come online in existing state markets by 2029 in the US, according to the latest report released by Wood Mackenzie in collaboration with the Coalition for Community Solar Access (CCSA). Cumulative national community solar installations will break 14 GWdc by 2029.
Telsa has overtaken Sungrow as lead producer in the battery energy storage system (BESS) integrator market with a 15% market share in 2023.
Global PV inverter shipments grew by 56% to 536 gigawatts alternating current (GWac) in 2023, reflecting a strong year for the broader solar industry. The top 10 global PV inverter vendors accounted for 81% of the market.
Global PV tracker shipments grew by 28% in 2023 to 92 gigawatts direct current (GWdc), reflecting a strong year for utility-scale solar in most regions across the world.
South America’s cumulative onshore wind capacity will double to 79 GW in the next 10 years as developers install 40 GW of new capacity by 2033.
From 2024 to 2033, developers will bring more than 5.4 terawatts (TWac) of new solar and wind capacity online, increasing the cumulative global total to 8 TWac, as the world endeavours to electrify economies and meet decarbonisation targets.
Nine out of the top 12 manufacturers in Wood Mackenzie’s new global solar PV module manufacturer rankings are Chinese companies.
China accounted for 65% of global wind capacity in 2023, which pushed four Chinese wind turbine original equipment manufacturers (OEM) into the top five global rankings, a first for the sector. With a record of 16.3 gigawatts (GW) capacity installed, Goldwind maintained the leading position for the second consecutive year.
Energy systems have been transformed by regulation and the progress of technology. Global awareness of climate change will only accelerate this trend. Understand how increasing the rate of growth of alternatives to fossil fuels will change energy markets the world over.
Our analysts take an early look at the expected resolution and implications of key policies spanning oils and refining, gas, and coal.
Electric vehicles are rising in global popularity and the European market has seen 160,000 EVs flood the market in the past three years.
Oil and gas prices aren’t the only things that have fallen — renewable energy costs have, too.
China and the US — the world’s biggest greenhouse gas emitters — have performed a spectacular U-turn on climate change policy.
Our team of power market experts tackles the industry’s burning questions in this 35-minute webinar. Get the answers to the three most frequently asked questions here; listen to the webinar for more questions and answers.
What falling gas and LNG prices mean for solar, wind and energy storage markets around the world in the short and long term.
Companies in oil and gas, metals and mining, and power and renewables need to rethink corporate strategy to thrive in a post-coronavirus world
Every week our experts come together to explore the impact of the coronavirus pandemic across the sectors we cover. Get your copy of the key takeaways.
Implementation delays continued to affect distributed energy resource (DER) deployments in the second quarter of 2020, but the pandemic is also boosting investment in some areas
Today there are only 15 commercial wind leases in the , and a number of them are held by the same group of companies
Beyond mapping and dispatching DERs for system-wide or targeted grid benefits, DERMS providers often use proprietary analytics to optimise DERs’ participation in wholesale markets.
Why the state won't let go of nine gas plants set to retire this year
How will the election shape the solar, wind, energy storage and utility sectors? GTM’s reporters game it out.
Each quarter, Wood Mackenzie’s grid edge analysts release an update on what’s going on in the markets they cover.
In 2020, our global analysts produced an outstanding body of research to help steer our clients through the challenges and uncertainty of the Covid-19 pandemic. Our annual Research Excellence Awards celebrate the very best of that compelling and timely insight.
Latin America will install 11.3 GWdc of solar PV capacity in 2021 for a total of 71.9 GWdc by 2026, driven by commercial and industrial clients in the free market (mainly in Brazil and Chile), as auctions take a less meaningful role for procurement.
Gas and LNG have an important role to play in realising a 1.5-degree scenario by 2050 – but the resulting market would be nearly unrecognisable.
In the long term, flexible assets will play a critical role in mitigating the impacts of renewable power.
With less than 30 years left to achieve a net zero energy system, it is necessary to focus on the solutions that will have the greatest impact and move fast.
Our energy transition experts take on some of the trickiest questions about how to meet the world’s future energy needs while managing climate change.
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