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World heading for a 3-degree 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-degree Celsius above pre-industrial levels.

News Release

China leads global wind turbine manufacturers’ market share in 2023

01 5月 2024

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.

News Release

Renewables and nascent low-carbon technologies most exposed to high interest rates

18 4月 2024

If high interest rates persist, transitioning to a net zero global economy will be even harder and more costly. The higher cost of borrowing negatively affects renewables and nascent technologies, compared to more established oil and gas, and metals and mining sectors, which remain somewhat insulated.

News Release

Decarbonisation efforts in the steel industry could hinder circularity of Zinc, warns new study

21 3月 2024

Decarbonisation efforts in the steel industry could hinder circularity of Zinc, warns new study

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

As project economics rebound, upstream FIDs to increase in 2024, with focus on deepwater resources

14 3月 2024

Up to 30 upstream projects larger than 50 million of barrels of oil equivalent (boe) could reach FID in 2024, an increase from 22 in 2023, according to a new report from Wood Mackenzie.

News Release

Wood Mackenzie and Let’s Share the Sun donate solar PV and energy storage system to women’s shelter in Puerto Rico

08 3月 2024

On International Women’s Day, Wood Mackenzie, in partnership Let’s Share the Sun and other third parties, dedicated 51 solar panels and battery storage to a shelter for victims of domestic violence in Puerto Rico. The fully installed 25 kW-DC system will provide a significant portion of the shelter’s power needs.

News Release

Global nuclear SMR project pipeline expands to 22 GW, increasing more than 65% since 2021

07 3月 2024

The small nuclear reactor (SMR) project pipeline reached 22 GW in the first quarter of 2024, an expansion of 65% since 2021, according to a recent report by Wood Mackenzie. The current total project pipeline would require an investment of close to US$176 billion.

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

Upstream scope 1 & 2 emissions intensity down 12% since 2017, but more work is needed on absolute emissions

06 3月 2024

Scope 1 and 2 upstream emissions intensity has declined 12% since 2017, however, absolute emissions could plateau due to production growth, according to a new report from Wood Mackenzie.

News Release

Carbon intensity regulation to make or break global low-carbon hydrogen market

15 2月 2024

The future of low-carbon hydrogen hinges on global policymakers introducing regulations and subsidies that focus on the carbon intensity of the hydrogen produced rather than its colour.

News Release

Incentives uncertainty clouds Pathways Alliance economic feasibility

14 2月 2024

As the $12 billion phase one of Canada’s Pathways Alliance nears FID, the world’s largest carbon capture and storage (CCUS) proposal faces uncertainty surrounding the long-term availability of economic incentives, according to a new report from Wood Mackenzie.

News Release

Saudi Aramco’s shift to abandon its 13 million b/d capacity target likely to be absorbed by the market

01 2月 2024

Addressing the Saudi Ministry of Energy’s instructions to Saudi Aramco to abandon its 13 million barrels per day (b/d) target and maintain 12 million b/d, Ann Louise Hittle, vice president of Oil Markets for Wood Mackenzie, said “Based on our forecast for oil demand to peak in 2030, the shift to a 12 million b/d target from 13 million b/d should be absorbed in the market and not cause a tightening in the supply and demand balance this decade.”

News Release

Long-term pause in new US LNG investment could transform market

31 1月 2024

Addressing President Joe Biden’s Executive Order to temporarily pause the approval of new US LNG export projects right to export to countries that the US does not have a Free Trade Agreement (FTA) with (non-FTA), Giles Farrer, head of gas and LNG asset research at Wood Mackenzie said, “the decision will not affect our forecast for US LNG exports out to 2028, but after that it could affect the trajectory and pace of the sector’s growth and have potential to tighten the market in the long run.”

News Release

Offshore wind sector doubled down on tangible opportunities in 2023

31 1月 2024

Despite supply chain headwinds and price pressures, the global offshore wind sector saw significant growth in its mature pipeline, as late-stage pipeline mergers & acquisitions, turbine orders, and project financial investment decisions (FIDs) saw record activity in 2023. This has boosted the sector’s momentum into 2024.

News Release

Key things to watch in upstream in 2024

11 1月 2024

Geopolitical tensions, a record year for elections and economic uncertainty will define the backdrop to the upstream industry in 2024. Wood Mackenzie recently released its What to Look for in 2024 upstream series. Key themes to watch in global and corporate upstream include continued consolidation, increased activity from NOCs, reversing decarbonisation gains, shifts in strategic playbooks and an upstream investment plateau.

News Release

Oil & gas Majors share just 8% of global low-carbon hydrogen capacity

06 12月 2023

Oil and gas Majors have just an 8% market share of announced global net low-carbon hydrogen production capacity, which equates to 102.6 million tonnes per annum (Mtpa), according to latest analysis from Wood Mackenzie. The Majors are focused on getting small-scale projects operational before 2030 to pave the way for industrial scale-up next decade.

News Release

China leads global renewables race with record-breaking 230 GW installations in 2023

28 11月 2023

Currently on target to reach a record-breaking 230 gigawatts (GW) of wind and solar installations this year, China leads the global renewables market. This is more than double the number of US and Europe installations combined.

News Release

COP28: Middle East could play a key role in decarbonising global economy

23 11月 2023

Large oil and gas reserves in the Middle East have resulted in especially low domestic energy prices and provide little incentive to transition to low carbon alternatives, according to Wood Mackenzie’s Middle East Energy Transition Outlook report.

News Release

China to hold over 80% of global solar manufacturing capacity from 2023-26

07 11月 2023

After investing over US$130 billion into the solar industry in 2023, China will hold more than 80% of the world’s polysilicon, wafer, cell, and module manufacturing capacity from 2023 to 2026.

News Release

Global energy storage integrator market grows increasingly competitive in 2022

30 10月 2023

The global Battery Energy Storage Systems integrator market has grown increasingly competitive in 2022, with the top five global system integrators accounting for 62% of overall BESS shipments.

News Release

Steel decarbonisation to redefine supply chains by 2050

19 10月 2023

The rise of electric-arc furnace technology, increased use of green feedstock and evolving carbon policies will reshape steel production and global trade patterns.

News Release

7 Btpa of carbon capture needed to meet net zero by 2050

16 10月 2023

Speaking at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference in Houston, Mhairidh Evans, head of CCUS research for Wood Mackenzie, said that urgency is needed to meet the seven billion tonnes carbon capture (Btpa) required to meet net zero goals in 2050.

News Release

Wood Mackenzie launches Lens Carbon

13 10月 2023

Wood Mackenzie, the global insight business for renewables, energy and natural resources, has launched Lens Carbon, a unique end-to-end solution that enables users to screen, analyse and value carbon management projects on a global scale.

News Release

Top 15 Global PV O&M firms commanded 115GWdc of monitored solar capacity in 2022

02 10月 2023

The top 15 global PV O&M providers expanded their overall portfolio for a total volume of 115 gigawatts direct current (GWdc) in 2022, an annualized growth of 13%, according to Wood Mackenzie.

News Release

Global wind power cumulative installed capacity to hit 2.38TW in 2032

20 9月 2023

Increased activity in Western markets and Africa will drive a ten-year compound annual growth rate of 10.1% for grid-connected wind power, leading to 2.38 terawatts (TW) of cumulative installed capacity at the end of 2032, according to Wood Mackenzie.

News Release

H1 global wind turbine orders hit new high at 69.5 GW

31 8月 2023

Global wind turbine order intake reached new highs in H1, with 69.5 gigawatts (GW) of activity, a 12 percent increase year-over-year, according to a new analysis from Wood Mackenzie.

News Release

FLNG sector thriving amid projects boom

31 8月 2023

The right economic and geo-political conditions mean that the outlook for the global floating liquified natural gas (FLNG) project sector is bullish according to a new report by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

News Release

US$ 27 billion investment required to mobilise global offshore wind supply chain

17 8月 2023

The global offshore wind supply chain will require US$ 27 billion of secured investment by 2026 if it is to meet a fivefold growth in annual installations (excluding China) by 2030, according to latest Horizons report by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

News Release

Oil and gas exploration spending to recover from historic lows, average $22B per annum through 2027

16 8月 2023

Exploration spend (excluding appraisal) will recover from historic lows to average US$22 billion per annum in real terms over the next five years, according to a new report from Wood Mackenzie.

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Search results: 327

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

China leads global wind turbine manufacturers’ market share in 2023

Renewables and nascent low-carbon technologies most exposed to high interest rates

Decarbonisation efforts in the steel industry could hinder circularity of Zinc, warns new study

Record highs for global wind turbine order intake in 2023

As project economics rebound, upstream FIDs to increase in 2024, with focus on deepwater resources

Wood Mackenzie and Let’s Share the Sun donate solar PV and energy storage system to women’s shelter in Puerto Rico

Global nuclear SMR project pipeline expands to 22 GW, increasing more than 65% since 2021

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

Upstream scope 1 & 2 emissions intensity down 12% since 2017, but more work is needed on absolute emissions

Carbon intensity regulation to make or break global low-carbon hydrogen market

Incentives uncertainty clouds Pathways Alliance economic feasibility

Saudi Aramco’s shift to abandon its 13 million b/d capacity target likely to be absorbed by the market

Long-term pause in new US LNG investment could transform market

Offshore wind sector doubled down on tangible opportunities in 2023

Key things to watch in upstream in 2024

Oil & gas Majors share just 8% of global low-carbon hydrogen capacity

China leads global renewables race with record-breaking 230 GW installations in 2023

COP28: Middle East could play a key role in decarbonising global economy

China to hold over 80% of global solar manufacturing capacity from 2023-26

Global energy storage integrator market grows increasingly competitive in 2022

Steel decarbonisation to redefine supply chains by 2050

7 Btpa of carbon capture needed to meet net zero by 2050

Wood Mackenzie launches Lens Carbon

Top 15 Global PV O&M firms commanded 115GWdc of monitored solar capacity in 2022

Global wind power cumulative installed capacity to hit 2.38TW in 2032

H1 global wind turbine orders hit new high at 69.5 GW

FLNG sector thriving amid projects boom

US$ 27 billion investment required to mobilise global offshore wind supply chain

Oil and gas exploration spending to recover from historic lows, average $22B per annum through 2027