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Mexico, Central America and the Caribbean saw a record 1,830 megawatts (MW) of new wind power capacity installed across the region in 2019 – a 126% year-on-year increase in additions, according to new research from Wood Mackenzie.
The coronavirus pandemic will have a significant impact on the global solar PV market. Construction and development is slowing as countries around the world enforce unprecedented lockdowns. As the world economy faces severe economic disruption, Wood Mackenzie has downgraded its forecast for 2020 installations from 129.5 gigawatts (GW) to 106.4 GW, a reduction of 18%.
Global electric vehicle (EV) sales closed at 2.2 million in 2019. This number is expected to drop 43% to 1.3 million by the end of 2020, according to new research from Wood Mackenzie.
If coronavirus containment measures continue to curtail movement of goods and people through Q2 this year, alongside an economic downturn, the market impact could trim Wood Mackenzie’s 2020 global energy storage deployments forecast by 19%.
Approximately $2.1 billion in cumulative disclosed corporate-level investment was deployed into off-grid energy access markets between 2010 and 2019.
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…
On Thursday, 8 January 14:00 GMT/15:00 CET our research team will present an overview of the recently updated long-term outlooks for European power markets. This session will explore key themes and outcomes in Europe's decarbonising power systems, including how structural changes, policy evolution, and technology costs are reshaping prices, market economics and investment strategies. We will also…
The next decade is set to deliver more of the same for solar PV, according to Wood Mackenzie.
Solar system prices will continue to drop over the next decade, driven by advances in module efficiency, manufacturing, labour practices and software, according to Wood Mackenzie.
In Q3 2019, Tesla announced its plans to capture 1% of all car sales globally. With its current portfolio of luxury cars, the company is unlikely to meet that target by the end of the decade. However, if it launches an entry-level car priced at $25,000, Wood Mackenzie projects that Tesla will meet the 1% target as early as 2024.
An auction-triggered awakening in Poland and a growing confidence in developers' ability to comply with local content requirements in Russia led to a 17% wind power capacity increase QoQ in Eastern Europe and Russia, according to new research from Wood Mackenzie.
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.
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.
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.
Inflation Reduction Act and tariff pause provide market optimism following Q2 slowdown
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).
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.
The US community solar market installed a record-breaking 1.7 GWdc of capacity in 2024, a 35% increase from 2023, according to a new report released by Wood Mackenzie in collaboration with the Coalition for Community Solar Access (CCSA). However, with policy uncertainty at both national and state levels, long-term growth hangs in the balance.
Global PV inverter shipments grew by 56% to 536 gigawatts alternating current (GWac) in 2023, reflecting a strong year for the broader solar industry. The top 10 global PV inverter vendors accounted for 81% of the market.
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.
EV chargers, demand response and the fight over National Grid’s gas hookups
Three hot topics for electric vehicles: when electric vehicles will become fully commercially competitive, how cities are transforming road transport, and EV infrastructure M&A activity.
A global car manufacturer engaged with Wood Mackenzie to extract additional value from car batteries through V1G and V2G power grid integration.
What's new in store? Get the highlights from some of our most popular insights across the entire natural resources value chain. This week, upstream cost curves, FID bonanza and US solar markets.
Fossil generation continued to dominate the growing US microgrid market in 2018.
Great investment opportunities lie in the global wind supply chains.
Grid-connected devices can help alter load shape, but the future hinges on customer demand, rate design and incentives. Read more.
Why the growth of Electric Vehicles will require massive charging infrastructure build-out? Learn more.
Highlights from our solar, wind, grid edge, and energy storage forecasts
We sat down with Dukascopy TV to discuss what's happening with the battery and raw materials used in electric vehicles.
President Donald Trump announced yesterday his intention to withdraw the US from the Paris Agreement on climate change, which aims to limit global temperature change to 2°C above pre-industrial levels.
To limit greenhouse gas emissions, many countries have already increased focus on energy efficiency, renewable energy and switching away from coal. But will it be enough?
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