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Unplanned wind turbine repairs to cost industry $8 billion+ in 2019

03 June 2019

Global onshore wind O&M costs will reach nearly $15 billion in 2019. Of that number, 57% - or $8.5 billion – will be spent on unplanned repairs and correctives caused by component failures, according to new research by Wood Mackenzie Power & Renewables.

News Release

Major policy changes in China to drive long-term solar installation growth

14 May 2019

The solar market in China could see long-term benefits from major government policy changes that move the country away from federal feed-in tariffs and embrace unsubsidised business models.

News Release

Asia Pacific's solar-plus-storage could see key developments in next five years

14 May 2019

In a recently published report, Wood Mackenzie projects solar-plus-storage prices or levelised cost of electricity (LCOE) for both utility-scale and distributed commercial & industrial (C&I) segments to decline considerably over the next five years.

News Release

Global storage market to grow from 12 GWh to 158 GWh by 2024

09 April 2019

The global energy storage market will expand 13-fold by 2024, according to new research from Wood Mackenzie Power & Renewables.

News Release

More than 61GW of US wind turbine equipment has qualified for production tax credits since 2016

12 February 2019

Developers in the US purchased sufficient equipment to qualify 6.6GW of new wind power capacity in 2018 for 60% production tax credits (PTC) under the Internal Revenue Service’s (IRS) safe harbor provision law, according to recent analysis carried out by Wood Mackenzie Power & Renewables. Accordi...

News Release

Global offshore wind capacity will increase nearly sixfold over the next decade

28 January 2019

By the end of 2017, offshore wind had only been deployed commercially across seven markets, with UK and Germany accounting for 68 percent of the grid-connected capacity. However, according to a recent report from Wood Mackenzie Power and Renewables, global offshore wind power demand will increase...

News Release

More than 680GW of new wind power to come online over next decade

11 December 2018

More than 680GW of new wind power capacity will come online globally over the 10-year outlook, according to new research by Wood Mackenzie Power & Renewables. Wood Mackenzie recently upgraded its Global Wind Power Market Outlook Update: Q4 2018 by 2% compared to the outlook published in the third...

News Release

New technology investments to boost growing global wind market

06 December 2018

Wind turbines are set to become even bigger and better in an effort to maintain consistent downward trends of Levelized Cost of Electricity (LCOE), according to new research by Wood Mackenzie Power & Renewables. “Rapid technology developments have been a large driver of elevating wind to a compet...

News Release

European energy storage markets heating up with total deployments nearing global highs

20 November 2018

According to a new report from Wood Mackenzie Power & Renewables, an increasing number of major utilities have made strategic plays by investing in a relatively new European energy storage market over the past two years

News Release

Asia-Pacific offshore wind capacity to rise 20-fold in next decade

24 October 2018

New research from global natural resources consultancy Wood Mackenzie indicates Asia-Pacific's offshore wind capacity will rise 20-fold to 43 GW in 2027.

News Release

Asia-Pacific solar demand to decline first time this year

24 October 2018

After a decade of stellar growth, Wood Mackenzie forecasts that solar demand in the Asia-Pacific will decline for the first time this year. Compared to 2017, the region's solar demand will dip 18% to 59 GW in 2018 due to declining installations in China, India and Japan.

News Release

Years of growth ahead for Eastern European onshore wind

23 October 2018

Onshore wind energy in Eastern Europe, Russia and the Caspian will experience a compound annual growth rate of 9% from 2018 to 2027, according to new research by Wood Mackenzie Power & Renewables.

News Release

Chinese wind asset owners keep their grip on global top 25

19 October 2018

Chinese operators remain the leaders of the global wind asset market, according to new research from Wood Mackenzie Power & Renewables.

News Release

Is the end of the global energy transition closer than we think?

17 October 2018

Is the Global Energy Transition on track? A new report by Wood Mackenzie, Thinking global energy transitions: the what, if, how and when, explores the forces shaping the energy transition, and pinpoints the sustainability tipping point – when the world shifts from the age of oil and gas to the age of power and renewables – will arrive by 2035.

Comment

India's renewables to contribute 13% of power generation mix in five years, double the amount today

15 October 2018

India’s renewables target of 175 GW capacity (100 GW of solar and 75 GW of wind) by 2022 is an ambitious endeavour. Even with significant cost declines, Wood Mackenzie expects about 76% of the target to be met by 2022 and this would still be a noteworthy achievement. Wood Mackenzie's solar analyst Rishab Shrestha explains why.

Comment

Energy storage market poised for a boom Down Under

06 July 2018

Looking at behind-the-meter, Australia was the biggest residential storage market in the world in 2017, with a tripling of residential storage deployments over the previous year. High retail electricity rates and diminishing or expiring feed-in tariffs have encouraged residential solar customers to choose storage for self-consumption benefits. As a result, over the past few years, Australia has been the preferred testbed for new residential energy storage products, as several technology vendors have first introduced their residential product portfolios in the country.

Comment

Who will finance Asia's coal power projects?

05 January 2018

Historically, coal has played a key role in meeting Asia's growing power demand. However environmental concerns has led to more stringent regulations and commitments towards tighter emission controls globally. Increasingly over the last year, financing institutions (mostly export credit agencies (ECAs) in OECD countries and European banks) have announced plans to stop investing in coal power projects. This could impact Asia since we expect growth in power demand through to 2035, and this calls for new power capacity, including coal-fired ones.

News Release

Wood Mackenzie Power & Renewables APAC Conference 2022 open for registration

29 June 2022

Wood Mackenzie announces the launch of the second edition of its Power & Renewables Asia Pacific (APAC) Virtual Conference on July 26 – 28.

News Release

US solar market ready for rebound after tumultuous first half of 2022

08 September 2022

Inflation Reduction Act and tariff pause provide market optimism following Q2 slowdown

News Release

Global wind turbine order intake breaks record in Q2

12 September 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.

News Release

Climate policies trigger 1.9% upgrade QoQ in global wind power

03 October 2022

Global wind power is expected to see an 1.9% increase of installed capacity Quarter on Quarter (QoQ), an equivalent of 25.6 gigawatts (GW), between 2022 and 2031 according to Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

News Release

Latin America offshore wind to see 34 GW of installed capacity by 2050

18 October 2022

Driven by the growth of off-grid green hydrogen projects, Latin America will see a sharp increase in offshore wind projects, with capacity reaching 34 Gigawatts (GW) by 2050, according to new analysis from Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

News Release

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

07 December 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

Trade and supply chain barriers delay impact of historic clean energy law

13 December 2022

The U.S. added 4.6 gigawatts (GW) of new solar capacity in Q3 2022, a 17% decrease from the same quarter last year as trade barriers and ongoing supply chain constraints continue to slow America’s clean energy progress. These disruptions will cause a 23% decline in solar installations this year compared to 2021, according to the U.S. Solar Market Insight Q4 2022 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business.

News Release

Q3 U.S. grid-scale energy storage market sets new record

15 December 2022

The U.S. energy storage market grid-scale segment installed a record 4,733 megawatt-hours (MWh) in the third quarter of 2022, surpassing the previous quarterly high of 4,598 MWh in Q1 of 2021, according to a new report released today. On a single charge, this amount of battery storage could power over 150,000 U.S. homes for a day.

News Release

US climate bill to boost domestic annual renewables investment to nearly US$114 billion by 2031

19 January 2023

The Inflation Reduction Act (IRA), flagship legislation focused on accelerating decarbonisation in the US, will significantly boost annual investment into renewable energy deployment in the region. A rise from US$64 billion in 2022 to nearly US$114 billion is expected by 2031, according to Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

News Release

Veritas Capital completes acquisition of Wood Mackenzie

02 February 2023

Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced that an affiliate of Veritas has completed the purchase of Wood Mackenzie from Verisk (Nasdaq: VRSK).

News Release

Wood Mackenzie Launches the Electric Vehicles and Battery Supply Chain Service at Mining Indaba 2023

06 February 2023

Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector, today launched the Electric Vehicles and Battery Supply Chain Service (EVBSC) at the Mining Indaba 2023 conference in Cape Town, South Africa. The EVBSC is a new product that provides end-to-end detailed analysis and forecasts of the electric transportation value chain including quarterly long-term outlooks to 2050 and 10-year forecasts, and monthly short-term reports and data for EV, Li-ion battery and raw materials (lithium, nickel, cobalt, graphite and manganese) markets.

News Release

Renewable power competitiveness in Asia Pacific worsened in 2022

14 February 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

US community solar growth slowed 16% in 2022; national market expected to double by 2027

15 February 2023

US community solar installed capacity declined 16% in 2022 compared to last year, primarily driven by interconnection delays hindering growth in key state markets such as Massachusetts, Maine, and Maryland. Industry-wide supply chain constraints also pushed project timelines into 2023, according to the latest report released by Wood Mackenzie in collaboration with the Coalition for Community Solar Access (CCSA).

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Search results: 2007

Unplanned wind turbine repairs to cost industry $8 billion+ in 2019

Major policy changes in China to drive long-term solar installation growth

Asia Pacific's solar-plus-storage could see key developments in next five years

Global storage market to grow from 12 GWh to 158 GWh by 2024

More than 61GW of US wind turbine equipment has qualified for production tax credits since 2016

Global offshore wind capacity will increase nearly sixfold over the next decade

More than 680GW of new wind power to come online over next decade

New technology investments to boost growing global wind market

European energy storage markets heating up with total deployments nearing global highs

Asia-Pacific offshore wind capacity to rise 20-fold in next decade

Asia-Pacific solar demand to decline first time this year

Years of growth ahead for Eastern European onshore wind

Chinese wind asset owners keep their grip on global top 25

Is the end of the global energy transition closer than we think?

India's renewables to contribute 13% of power generation mix in five years, double the amount today

Energy storage market poised for a boom Down Under

Who will finance Asia's coal power projects?

Wood Mackenzie Power & Renewables APAC Conference 2022 open for registration

US solar market ready for rebound after tumultuous first half of 2022

Global wind turbine order intake breaks record in Q2

Climate policies trigger 1.9% upgrade QoQ in global wind power

Latin America offshore wind to see 34 GW of installed capacity by 2050

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

Trade and supply chain barriers delay impact of historic clean energy law

Q3 U.S. grid-scale energy storage market sets new record

US climate bill to boost domestic annual renewables investment to nearly US$114 billion by 2031

Veritas Capital completes acquisition of Wood Mackenzie

Wood Mackenzie Launches the Electric Vehicles and Battery Supply Chain Service at Mining Indaba 2023

Renewable power competitiveness in Asia Pacific worsened in 2022

US community solar growth slowed 16% in 2022; national market expected to double by 2027

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