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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

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

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

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

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

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

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.

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

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

China Belt & Road Initiative brings in 128 GW installed power capacity in 10 years

20 11月 2023

Chinese companies have made significant strides in the Belt & Road initiative's overseas power projects over the past decade. With an estimated investment value of around US$200 billion, over 300 projects have installed 128 GW of power, equivalent to 1.3 times Australia's installed capacity in 2022. However, challenges have emerged, leading to the cancellation or shelving of over 20% of projects to date.

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

APAC to invest US$3.3 trillion in power generation over next decade

04 10月 2023

The Asia Pacific region is forecast to invest US$3.3 trillion in power generation over the next 10 years, with 49% earmarked for wind and solar, and 12% for energy storage, according to latest Wood Mackenzie analysis.

News Release

Top 10 solar PV inverter vendors account for 86% of global market share

14 8月 2023

The top 10 global solar photovoltaic (PV) inverter vendors accounted for 86% of market share in 2022, increasing by 4% year-over-year since 2021, according to latest analysis by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

News Release

India needs radical transformation to reach net zero emissions by 2070

27 7月 2023

How can India attain its net zero emissions goal by 2070, in line with global pledges to reach net zero emissions by mid-century? Wood Mackenzie analyses the scenario in its latest report ‘India energy transition pathways 2070’, concluding that the country must radically transform its energy landscape and prioritise renewable energy, electrification, hydrogen adoption, and carbon removal strategies.

News Release

A revitalised oil and gas sector can play a key role in Indonesia’s energy transition

27 7月 2023

Indonesia’s oil and gas sector must undergo a major overhaul in the way it operates if it is to realise the full potential of the country’s natural resources and support a successful energy transition, according to a new white paper by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

News Release

Should gas resource holders target LNG exports or blue ammonia?

15 6月 2023

The acceleration of the energy transition means gas resource holders increasingly face a choice: follow the established pathway and develop new LNG export facilities or pivot into developing blue ammonia.

News Release

Global floating solar to top 6GW threshold by 2031

24 5月 2023

The global floating solar market is expected to pass the six-gigawatt (GW) threshold by 2031, as PV developers struggle to meet growing solar demand and look to alternate development technologies.

News Release

China’s solar exports booming, up 64% in 2022 despite global trade tensions

23 5月 2023

China’s solar exports grew 64% to US$52 billion in 2022 despite global trade tensions, according to latest analysis from Wood Mackenzie.

News Release

Nuclear needs to be cost competitive with alternative power generation to enable net zero

18 5月 2023

Despite policy support and market growth, the biggest economic hurdle to the uptake of the latest nuclear and small modular reactors (SMRs) is cost, according to Wood Mackenzie report.

News Release

Global wind energy to top 1 TW threshold by the end of 2023

11 4月 2023

The global wind energy market will pass the one terawatt (TW) threshold for installed capacity by the end of 2023, according to the latest market outlook from Wood Mackenzie.

News Release

A supercharged China could turn up the heat on global commodities

23 3月 2023

The Chinese economy is expected to grow by 5.5% but could grow by as much as 7% in 2023 as the country bounces back from three years of lock-down caused by the Covid pandemic according to a new report by Wood Mackenzie.

News Release

High quality oil and gas supplies are scarce, threatening emissions targets and a healthy energy transition

16 2月 2023

The energy transition will require oil and gas for decades to come, but the supply of lower-cost, lower-carbon “advantaged” barrels remain scarce, threatening emissions targets and causing upstream providers to pivot to new strategies, according to “Scraping the Barrel” a new Horizons analysis from Wood Mackenzie.

News Release

Renewable power competitiveness in Asia Pacific worsened in 2022

14 2月 2023

The levelised costs of electricity (LCOE) for utility solar and onshore wind in Asia Pacific were up 16% and 12% respectively since 2020, as equipment, construction costs and interest rates rose in the region. The trend is expected to reverse in 2023, but volatility risks including geopolitical tensions, trade policy and financing remain according to latest analysis from Wood Mackenzie.

News Release

Long-duration energy storage projects attract more than US $58 billion investment over last three years

07 12月 2022

Long-duration storage energy (LDES) projects around the world have attracted more than US $58 billion in commitments made by governments and companies since 2019. If all these projects went forward, it would lead to the installation of 57 gigawatts (GW) of LDES – the equivalent of three times the global energy-storage capacity deployed in 2022, according to analysis from Wood Mackenzie.

News Release

Decarbonising global iron ore and steel industry by 2050 necessitates urgent action and US$1.4 trillion of investment

15 9月 2022

Decarbonising the steel and iron ore industry by 2050, in line with the Paris Climate Agreement, will require US$1.4 trillion of investment and revolution across every stage of the value chain. This presents an urgent challenge and enormous opportunity according to Wood Mackenzie’s latest Horizons research report, Pedal to the metal: Iron and steel’s $1.4 trillion shot at decarbonisation.

News Release

Global wind turbine order intake breaks record in Q2

12 9月 2022

Strong activity in China pushed global wind turbine order intake to 43 gigawatts (GW) in quarter two of 2022, a new record, and up 36% from year-ago levels. This equates to an estimated $18.1 billion, according to new analysis from Wood Mackenzie.

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Search results: 223

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

Record highs for global wind turbine order intake in 2023

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

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

Asia Pacific could become a global leader in the energy transition

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

Power demand growth remains strong in Asia Pacific

Offshore wind sector doubled down on tangible opportunities in 2023

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

China Belt & Road Initiative brings in 128 GW installed power capacity in 10 years

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

APAC to invest US$3.3 trillion in power generation over next decade

Top 10 solar PV inverter vendors account for 86% of global market share

India needs radical transformation to reach net zero emissions by 2070

A revitalised oil and gas sector can play a key role in Indonesia’s energy transition

Should gas resource holders target LNG exports or blue ammonia?

Global floating solar to top 6GW threshold by 2031

China’s solar exports booming, up 64% in 2022 despite global trade tensions

Nuclear needs to be cost competitive with alternative power generation to enable net zero

Global wind energy to top 1 TW threshold by the end of 2023

A supercharged China could turn up the heat on global commodities

High quality oil and gas supplies are scarce, threatening emissions targets and a healthy energy transition

Renewable power competitiveness in Asia Pacific worsened in 2022

Long-duration energy storage projects attract more than US $58 billion investment over last three years

Decarbonising global iron ore and steel industry by 2050 necessitates urgent action and US$1.4 trillion of investment

Global wind turbine order intake breaks record in Q2