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Ørsted's final investment decision on the Hornsea 3 project reveals the intricate dynamics of competitive tenders, pricing strategies, and regulatory advantages, showcasing how higher subsidies is shaping the success of offshore wind projects and emphasising the pivotal role of policy in overcoming industry challenges and fostering renewable energy growth.
Rooftop solar and storage will continue to grow in Puerto Rico, and many more people will benefit from clean energy, energy security, and resiliency against natural disasters
The future will run on electricity, yet the world is struggling to decarbonise its power supply and meet demand. The 2022 energy crisis has put energy security and reliability front of mind for governments and underscored the need to press ahead with the development of alternative energy sources.
The global energy trade is set for its greatest transformation since the 1970s. Electrification is central to this as countries plough money into renewables to push down emissions and enhance their energy security.
Another supercycle is coming. Anticipation of future demand growth has generated palpable excitement, driving commodity prices to post-pandemic highs.
In 2025, Mexico's gas and power markets enter a period of structural rebalancing marked by shifting supply and demand dynamics. Gas demand growth slows to just 0.3% CAGR through 2035, constrained by persistent economic weakness that drives industrial consumption 200 mmcfd below previous expectations. LNG exports, once viewed as a primary growth engine, now face sustained volatility as Altamira…
The Iberian Peninsular blackout in April 2025 has reshaped grid operations in Spain – less renewables, more gas. This reduction of renewable generation has manifested as a sharp increase in technical curtailment. In Spain, a portion of this curtailment is not compensated – meaning generators are exposed to revenue risk even after successfully clearing in the day-ahead market. In July, nearly 8% of…
Forecast prices and supply-demand fundamentals for the Mexico power market
Access leading market analysis on the transformation of the global electricity industry.
The U.S. solar industry added a record-shattering 32.4 gigawatts (GW) of new electric generating capacity in 2023, a 37% increase from the previous record set in 2021 and a 51% increase from 2022.
In the final days of the COP28 conference, Ed sits down with Kristen Siemen, Chief Sustainability Officer at General Motors, to discuss the current state of the EV market, GM’s plans for the industry and the key takeaways from conversations at the summit.
The move is the first publicly confirmed (near) net-zero goal by an Asian national oil company, a recognition by one of the world’s largest producers that it must address carbon emissions and adapt to the energy transition.
Companies in oil and gas, metals and mining, and power and renewables need to rethink corporate strategy to thrive in a post-coronavirus world
Wood Mackenzie President Neal Anderson introduces our 2019 Energy Transition Outlook and examines why the energy mix is not changing nearly as quickly as the world needs it to.
After 100+ years of delivering reliable energy, savvy utility leaders are re-positioning their organizations to remain a foundational piece of the energy landscape for the next 100 years.
Sufficient energy storage will be vital to balance such large volumes of variable generation from wind and solar.
What’s top of the agenda at COP29? The Energy Gang is live from day one at COP29, where industry leaders are debating climate finance.
Italy is the epicentre of the coronavirus pandemic. This has led to a sudden and significant drop in power demand. What does that tell us about what’s to come in other markets?
A 1.5 °C pathway calls for immediate action, and collaboration at an unprecedented scale. Jonathan Sultoon, Head of Markets & Transitions in our Energy Transition Practice, explores the radically different trajectory for carbon emissions in our inaugural Accelerated Energy Transition 1.5-degree scenario (AET-1.5).
A look at the outcome of the groundbreaking AO5 Sud de la Bretagne Tender, including the criteria that impacted the decision-making process and the implications for future tenders
As the pressure to cut emissions intensifies, no company can remain above the fray. But while the Majors and other international oil companies face increasing calls to decarbonise, many of the world’s largest national oil companies (NOCs) have so far avoided the same level of scrutiny.
7.3 gigawatts direct current (GWdc) of total new community solar installations are expected to come online in existing state markets by 2029 in the US, according to the latest report released by Wood Mackenzie in collaboration with the Coalition for Community Solar Access (CCSA). Cumulative national community solar installations will break 14 GWdc by 2029.
The offshore wind industry is set to scale from around 3 GW of additions outside of China each year to 30 GW by the end of the decade.
Over half the world's countries are holding elections this year. They come at a time when resistance to the energy transition is building in many parts of the globe. Ed is joined by Amy Myers Jaffe and Vijay Vaitheeswaran to explore the ramifications of these key elections.
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.
The grid-scale and distributed battery storage segments have delivered record-breaking growth in the US – despite challenges and project delays.
Net zero ambitions call for an eightfold increase in the CCUS project pipeline by 2050.
Considerable BESS volumes are now being deployed across Europe – 11 GW as of 2024, at a 9% CAGR over the ten-year outlook with 35 GW expected in 2034.
The CBAM will reshuffle global trade – who will be the winners and losers?
We estimate that if all pledges made at COP26 are actioned, the world could reach a 2 °C pathway, although we would still fall short of 1.5 °C.
Join us as we delve into the world of energy storage and heat delivery technologies for homes and industrial buildings. Listen to discussions with experts from the University of Sheffield, Rondo and Kyoto as they explore innovative solutions for storing energy.
Near-term impacts are muted as projects rush to meet tax credit deadlines
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