• News Release

  Power demand growth remains strong in Asia Pacific

  • 31 1月 2024

  India, China and Southeast Asia will continue to be the three most important growth engines of power demand across the planet, says Alex Whitworth, Vice President, Head of Asia Pacific Power Research at Wood Mackenzie. With the Asia Pacific region seeing its share of global power demand surpass the 50% mark in 2023.

• Featured

  Future of renewables: a radical disruption?

  • 09 8月 2017

  In this video series, we examine a future in which carbon regulation is tighter, EV use skyrockets and renewable energy costs drop considerably.

• News Release

  Asia Pacific could become a global leader in the energy transition

  • 21 2月 2024

  Home to half of the world’s population and contributing a third to the global GDP, the Asia Pacific region is expected to maintain a 50% share of global primary energy demand and a 60% share of global carbon emissions until 2050. This trend is unlikely to change without strong policy action and investment. However, the region still has the potential to turn these challenges into opportunities and become a global leader in the energy transition.

• News Release

  Government tenders to drive 102 GW of global renewable capacity in 2024

  • 07 3月 2024

  More than 100 gigawatts (GW) of global renewable energy capacity is expected to be tendered in 2024. With more than 60 GW to be offshore wind, the overall volume is set to grow as the year progresses and will match 2023 levels.

• News Release

  Record highs for global wind turbine order intake in 2023

  • 18 3月 2024

  Global wind turbine order intake hit new highs in 2023 with 155 gigawatts (GW) procured for the year, an increase of 16 GW from 2022.

• News Release

  US energy storage market breaks installation record in Q4 2023

  • 20 3月 2024

  The US energy storage market shattered previous records for deployment across all segments in the final quarter of 2023, with 4,236 megawatts (MW) installed over the period, a 100% increase from Q3 according to a new report released today.

• News Release

  World heading for a 3°C warming trajectory, as political headwinds slow the energy transition

  • 02 5月 2024

  A five-year delay to the energy transition could see the global average temperature rise to 3°C above pre-industrial levels.

• News Release

  American solar panel manufacturing capacity increases 71% in Q1 2024 as industry reaches 200-gigawatt milestone

  • 06 6月 2024

  A record-setting 11 gigawatts of new solar module manufacturing capacity came online in the United States during Q1 2024, the largest quarter of solar manufacturing growth in American history.

• News Release

  US energy storage market sets Q1 capacity installation record

  • 18 6月 2024

  The U.S. energy storage market set a first-quarter record for capacity installed in Q1 2024, with 1,265 megawatts (MW) deployed across all segments. This marks the highest storage capacity ever installed in a first quarter in the U.S., representing an 84% increase from Q1 2023.

• News Release

  Solar inflation reverses as renewable costs in Asia reach all-time low

  • 29 2月 2024

  Plummeting Utility PV solar costs beat coal power to emerge as the cheapest power source in the region

• News Release

  Batteries & renewables to start displacing gas

  • 26 7月 2017

  A joint research report conducted by Wood Mackenzie and GTM Research assessing generation economics concludes that declining renewables and energy storage costs will increasingly squeeze out gas-fired generation in South Australia as early as 2025.

• News Release

  UK car ban will have "massive impact on markets"

  • 26 7月 2017

  We took a closer look at the impact of the UK government’s proposal to ban the sale of new petrol and diesel cars by 2040.

• Comment

  Can LNG save China from winter gas shortage?

  • 22 11月 2017

  China's introduction of the '2+26' cities policy earlier this year calls for restricted use of coal for both residential heating and industrial purposes. This has significant ramifications for the Chinese winter season where demand is traditionally high. As an alternative to coal, gas demand could rise by 23 bcm this year compared to previous winters. Facing the most severe shortages is northern China, particularly Beijing, Tianjin and Hebei (abbreviated as BTH), where demand is highly seasonal. This region will make up half or 10 bcm of the incremental winter gas demand in 2017.

• News Release

  New dual-credit scheme can elevate Chinese electric vehicles industry

  • 19 1月 2018

  Under heavy subsidies from the government, China's electric vehicles (EV) market has grown exponentially to overtake the United States as the world's largest EV market. However with subsidies fading out in two years' time, the Chinese government and EV manufacturers are pressed for time to sustain the growth momentum in EVs. Wood Mackenzie's latest research reveals that China's proposed dual-credit scheme can reshape the EV market for a more sustainable development beyond the abolishment of subsidies in 2020. The EV penetration rate is projected to hit 17% in 2035 as a result.

• News Release

  East Coast gas prices could rise 30 percent in five years

  • 25 5月 2018

  In a recent study, Wood Mackenzie forecasts Australia's East Coast gas prices to rise up to 30 percent to between A$10 and A$13 /per gigajoule by the mid 2020s.

• Comment

  Potential gas shortfall in Australia's East Coast starting between 2023 and 2025

  • 22 6月 2018

  In contrast to the 2018 GSOO released today by the AEMO, Wood Mackenzie’s East Coast Gas report identifies a potential gas shortfall between 2023 and 2025, significantly earlier to the GSOO’s estimate of 2030.

• Comment

  Mexico's new president: Energy future at a crossroads

  • 02 7月 2018

  After a contentious campaign, Andrés Manuel López Obrador has won the presidency. Now, the energy industry is trying to determine the incoming administration’s strategic priorities and the implications for Mexico’s energy reforms and its upstream, downstream, gas and power markets.

• News Release

  What do the US mid-term election results mean for renewable energy?

  • 21 11月 2018

  The results of this year's U.S. mid-term elections may open a path for higher renewable portfolio standards and gigawatts of solar and wind deployments, according to a new analysis from Wood Mackenzie Power & Renewables.

• News Release

  US energy storage project pipeline doubles in 2018, nears 33 GW

  • 06 12月 2018

  The pipeline for energy storage projects in the U.S. has doubled this year, ballooning to 32.9 gigawatts, according to the latest U.S. Energy Storage Monitor from Wood Mackenzie Power & Renewables and the Energy Storage Association (ESA). While not all of the projects will come to fruition, this ...

• News Release

  U.S. energy storage market to double two years running

  • 06 3月 2019

  The U.S. energy storage market nearly doubled in 2018 and is expected to double again in 2019. According to Wood Mackenzie Power & Renewables and the Energy Storage Association’s (ESA) freshly released U.S. Energy Storage Monitor 2018 Year-in-Review, 777 megawatt-hours of grid-connected energy st...

• Comment

  India commissions first east coast LNG terminal

  • 07 3月 2019

  India's first east coast regas project, Ennore LNG terminal, was commissioned yesterday by Indian Oil Corporation (IOCL). Wood Mackenzie's senior analyst Kaushik Chatterjee shares the significance of this project and how this marks the beginning of India doubling its regas capacity to 56.5 million metric tonnes per annum (mmtpa) by 2025.

• News Release

  U.S. solar market adds 10.6 gigawatts of PV in 2018

  • 13 3月 2019

  For the third year in a row, the U.S. solar industry installed double-digit gigawatts (GW) of solar photovoltaic (PV) capacity, with 10.6 GW coming online in 2018. The amount was a 2 percent decrease from 2017. However, the forecast shows the market rebounding in the years ahead, according to the...

• News Release

  South Korea could miss 2030 renewables target

  • 27 3月 2019

  South Korea is unlikely to meet its 2030 renewables target, says Wood Mackenzie at a media briefing in Seoul today. According to the consultancy's analysis, renewables will account for about 17% of the country's power mix, a little shy of its original target.

• News Release

  What would Australia's Labor win mean for the resources, energy and power sectors?

  • 06 5月 2019

  Australia's general election is around the corner and Labor looks set for victory. Labor has announced its commitment to reduce Australia’s carbon emissions by 45% between 2005 and 2030, and to reach net-zero pollution by 2050. It has also proposed changes to existing mechanisms to lower energy and gas prices.

• Comment

  Scott Morrison wins 2019 Australia election

  • 20 5月 2019

  Following PM Scott Morrison's win in the recent 2019 Australia election, Wood Mackenzie and Verisk Maplecroft analysts share their thoughts.

• News Release

  2019 global wind turbine order intake off to record-breaking start

  • 28 5月 2019

  Global wind turbine order intake increased 7% YoY in Q1 2019, eclipsing the previous record seen in Q1 2018 for capacity in the quarter by 875MW, according to new research from Wood Mackenzie Power & Renewables.

• News Release

  Puerto Rico microgrid market to more than double by end of 2024

  • 03 6月 2019

  New research from Wood Mackenzie forecasts the microgrid market in Puerto Rico will reach 228 megawatts (MW) by the end of 2024, more than double the microgrid generation capacity currently available on the island.

• News Release

  US energy storage market grows 232% year-over-year in Q1 2019

  • 04 6月 2019

  New research from Wood Mackenzie finds that the U.S. energy storage market broke its previous record for megawatts deployed in a single quarter in Q1 2019.

• News Release

  Top 5 turbine OEMs to rule two thirds of global market by 2020

  • 19 6月 2019

  After a decade of fragmentation, the top 5 turbine OEMs have reached industry consolidation. Key global players are expected to surpass a combined market share of 68% by 2020, up from 47% 5 years ago, according to recent research from Wood Mackenzie Power & Renewables.

• News Release

  New European solar installations to double over next 3 years

  • 26 6月 2019

  New solar installations within the European market will double in the next 3 years to reach a level of approximately 20GW/year. Total installed capacity in the region will surpass 250GW by 2024, according to new research from Wood Mackenzie Power & Renewables.