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Corporate renewable PPAs playing bigger role in decarbonising Asia Pacific

18 August 2021

Corporate renewable power purchase agreements (PPA) are starting to play a bigger role in Asia Pacific’s decarbonisation efforts, says Wood Mackenzie.

News Release

Firth of Forth net-zero hub key to achieving climate goals

17 August 2021

The development of net zero hubs around the UK has proved a key plank of the country’s strategy towards achieving net zero by 2050. Scotland, which has a 2045 net-zero target, could advance its ambitions by establishing a net zero hub on the Firth of Forth, research from global natural resources consultancy Wood Mackenzie, a Verisk company (Nasdaq: VRSK) has found.

News Release

Wind turbine prices to rise by up to 10%

16 August 2021

Wind turbine prices are expected to increase by up to 10% over the next 12 to 18 months due to increases in commodity prices, logistics costs, and coronavirus-related challenges, according to new analysis from Wood Mackenzie, a Verisk business (Nasdaq:VRSK).

Comment

Latest IPCC climate report calls for reaching net zero emissions earlier than 2050

10 August 2021

Wood Mackenzie Asia Pacific Head of Markets and Transitions Prakash Sharma responds to the recently released IPCC report.

News Release

Community solar stakes claim in US power market

27 July 2021

Community solar is taking an increasing slice of market share in the US. State-level programs and incentives fueled a record-breaking year of growth in 2020, accounting for 37% of annual non-residential solar capacity – up from just 13% in 2016. Now, with new programs emerging and mature markets facing challenges, can the sector maintain its growth?

News Release

Battery electric vehicles to dominate vehicle sales by 2050

28 June 2021

Battery electric vehicles (BEVs) will be the dominant form of road transport by 2050, accounting for 56% of all vehicle sales that year, according to new research from Wood Mackenzie, a Verisk business (Nasdaq:VRSK).

News Release

Japan unlikely to meet 46% emissions reduction by 2030

15 June 2021

Japan is unlikely to reach a 46% reduction in emissions by 2030 compared to 2013 levels, according to research by Wood Mackenzie.

News Release

South Korea could be more ambitious with renewables target in 9th Basic Plan

15 June 2021

South Korea could be more ambitious with its 9th Basic Plan’s 2030 renewables capacity target, according to research by Wood Mackenzie.

News Release

US energy storage market sets Q1 record for deployments

08 June 2021

According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest ‘US Energy Storage Monitor’ report, 910 megawatt-hours (MWh) of new energy storage systems were brought online in Q1 2021. This is an increase of 252% over Q1 of last year, making it the biggest Q1 so far for the US storage market.

Comment

Australia's pathway to net-zero emissions by 2050

20 April 2021

On 19 April, Australian PM Scott Morrison's commented on the country's road to net-zero emissions.

News Release

Renewable auctions no silver bullet for decarbonisation in Europe

24 March 2021

Up to the mid-2020s, approximately 70% of wind and solar development activity will be supported by auctions. However, data from across Europe highlights that market-level dynamics are shaping the approach of would-be developers. As such, auctions alone will not be enough to deliver much-needed capacity, according to Wood Mackenzie.

News Release

Commercial electric vehicle charging equipment market worth over $870 billion by 2050

10 March 2021

Government funding and zero-emission vehicle regulations are strong drivers for commercial electric vehicle (EV) adoption in every region thus far, therefore reducing the primary barrier to commercial EV adoption: cost. This policy support will see the annual market value of electric bus and truck charging outlets pass the $200 billion mark by 2045, according to Wood Mackenzie.

News Release

Global offshore wind O&M market to grow 16% annually to US$12 billion by 2029

09 March 2021

Wood Mackenzie’s latest report shows that the global offshore wind operations and maintenance (O&M) market is expected to grow 16% annually to reach US$12 billion (€10 billion) by 2029.

News Release

Significant increase in carbon pricing is key in 1.5-degree world

04 March 2021

Wood Mackenzie’s latest scenario report reveals that a significant increase in carbon pricing is needed to achieve the goals of limiting the rise in global temperatures to within 1.5 degrees Celsius.

News Release

Floating offshore could be largest frontier for wind power in Asia Pacific

23 February 2021

Floating offshore could be the next frontier in wind power development in Asia Pacific, says Wood Mackenzie.

Comment

Myanmar coup and impact on oil and gas industry

04 February 2021

Following the military coup in Myanmar on Monday, February 1st, Wood Mackenzie and Verisk Maplecroft experts weigh in on what this means for the oil and gas industry.

News Release

Australia should revise RET policy; more ambitious target needed to unlock investments

04 February 2021

Australia needs an ambitious long-term Renewable Energy Target (RET) policy to unlock future investments, says Wood Mackenzie.

News Release

Climate commitments to top energy and mining agendas in 2021

27 January 2021

What are the biggest emissions trends to watch this year? James Whiteside, Wood Mackenzie Global Head of Multi-Commodity Research, and Amy Bowe, Wood Mackenzie Head of Carbon Research, see five key themes

News Release

Europe's Green Deal and pandemic recovery to take centre stage in 2021

07 January 2021

With hopes of vaccines setting a better course for 2021, this year will see policymakers and market participants focus on initial but substantive steps towards net-zero objectives.

News Release

The UK's 10-point climate action plan - what does it mean for energy?

18 November 2020

Prime Minister Boris Johnson has announced the UK's new 10-point climate action plan.

Comment

South Korea announces carbon neutrality pledge

29 October 2020

South Korea becomes the latest Asian economy to announce its net-zero carbon emissions pledge.

News Release

Global solar PV installations to hit 115 GWdc in 2020

27 October 2020

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.

News Release

PV module innovations to help drive down solar costs in coming decade

19 October 2020

The global solar industry has experienced tremendous growth in the past decade as the annual demand for solar rose year after year while the cost of solar declined significantly. In the 2020s, solar module costs will continue to fall, albeit at a much slower rate. Instead, improvement in module efficiency and power class will propel the declining capex trend forward and ultimately lower the solar levelised cost of energy (LCOE), new research from Wood Mackenzie found.

News Release

Over $16 billion of wind turbine capacity ordered in Q2 2020

14 October 2020

The second quarter of 2020 saw more than 17 GW of wind turbine capacity ordered globally. This equates to an estimated $16 billion, according to new analysis from Wood Mackenzie.

News Release

China’s gas power plants bleed under pressure from lower tariffs and trade war

15 September 2020

China’s gas power plants are struggling to stay afloat as they face mounting pressure from lower tariffs and the ongoing trade war, says Wood Mackenzie.

News Release

US energy storage market sets Q2 record for deployments

03 September 2020

According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest 'US Energy Storage Monitor' report, 168 MW were deployed in Q2 2020. This is an increase of 72% quarter-over-quarter, 117% year-over-year and is the second-highest quarterly total ever seen, falling just behind Q4 2019 (186.4 MW).

News Release

Green hydrogen costs to fall by up to 64% by 2040

25 August 2020

Green hydrogen costs will fall by up to 64% by 2040, according to new research from Wood Mackenzie.

News Release

323 million electric vehicles will be on the roads by 2040

19 August 2020

Electric vehicle (EV) sales are expected to reach 45 million units per year by 2040, with a total global EV stock of 323 million, according to new research from Wood Mackenzie.

News Release

Record number of microgrids installed in US last year

22 July 2020

546 microgrids were installed in the United States during 2019, more than any previous year, according to new research from Wood Mackenzie.

News Release

Mexico, Central America and Caribbean power up with record wind capacity

18 June 2020

Mexico, Central America and the Caribbean saw a record 1,830 megawatts (MW) of new wind power capacity installed across the region in 2019 – a 126% year-on-year increase in additions, according to new research from Wood Mackenzie.

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Search results: 2023

Corporate renewable PPAs playing bigger role in decarbonising Asia Pacific

Firth of Forth net-zero hub key to achieving climate goals

Wind turbine prices to rise by up to 10%

Latest IPCC climate report calls for reaching net zero emissions earlier than 2050

Community solar stakes claim in US power market

Battery electric vehicles to dominate vehicle sales by 2050

Japan unlikely to meet 46% emissions reduction by 2030

South Korea could be more ambitious with renewables target in 9th Basic Plan

US energy storage market sets Q1 record for deployments

Australia's pathway to net-zero emissions by 2050

Renewable auctions no silver bullet for decarbonisation in Europe

Commercial electric vehicle charging equipment market worth over $870 billion by 2050

Global offshore wind O&M market to grow 16% annually to US$12 billion by 2029

Significant increase in carbon pricing is key in 1.5-degree world

Floating offshore could be largest frontier for wind power in Asia Pacific

Myanmar coup and impact on oil and gas industry

Australia should revise RET policy; more ambitious target needed to unlock investments

Climate commitments to top energy and mining agendas in 2021

Europe's Green Deal and pandemic recovery to take centre stage in 2021

The UK's 10-point climate action plan - what does it mean for energy?

South Korea announces carbon neutrality pledge

Global solar PV installations to hit 115 GWdc in 2020

PV module innovations to help drive down solar costs in coming decade

Over $16 billion of wind turbine capacity ordered in Q2 2020

China’s gas power plants bleed under pressure from lower tariffs and trade war

US energy storage market sets Q2 record for deployments

Green hydrogen costs to fall by up to 64% by 2040

323 million electric vehicles will be on the roads by 2040

Record number of microgrids installed in US last year

Mexico, Central America and Caribbean power up with record wind capacity

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