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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).

News Release

China drives global wind turbine orders to new record in 2022

08 March 2023

Global wind turbine order intake hit new highs in 2022, with 44 gigawatts (GW) procured in Q4 and 134.6 GW for the year, both records. Dominated by activity in China, annual investment reached an estimated $74.2 billion, according to new analysis from Wood Mackenzie.

News Release

US energy storage market continues to expand rapidly

15 March 2023

Across all segments of the industry, the U.S. energy storage market installed 4.8 gigawatts (GW) of capacity in 2022, nearly equal to the combined 2020 and 2021 installed capacity of 5 GW, becoming a record year for battery storage. This is according to ACP and Wood Mackenzie’s latest U.S. Energy Storage Monitor report released today.

News Release

Wood Mackenzie appoints new Chief Financial Officer

27 March 2023

Wood Mackenzie, a portfolio company of Veritas Capital, has appointed Simon Crowe to its global executive leadership team as Chief Financial Officer (CFO), effective 27th March.

News Release

California dwarfs all other VPP markets in North America

29 March 2023

California dwarfs all virtual power plant (VPP) markets in North America, housing 24% of projects in the region, according to Wood Mackenzie’s ‘North America VPP market: H1 2023’ report.

News Release

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

11 April 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

US$36.4B of grid modernization planned by investor-owned utilities

18 April 2023

In efforts to modernize distribution grids, 25 investor-owned utilities (IOU) have filed for $36.4 billion of investment.

News Release

Oil and mining companies must adapt new strategies to deliver low-carbon transition

20 April 2023

As companies in the energy and natural resource sector struggle to find the balance between satisfying shareholder returns and meeting stakeholder low-carbon demands, new strategies are emerging that could be the catalyst to drive capital allocation decisions toward growth and closing valuation gaps, according to “Fuelling Change” a new Horizons report from Wood Mackenzie.

News Release

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

23 May 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

US grid-scale energy storage installations record second-straight quarterly decrease

14 June 2023

Across all segments of the industry, the U.S. energy storage market added 2,145 megawatt hours (MWh) in the first quarter of 2023, a 26% decrease from Q4 2022. The grid-scale segment installed 1,553 MWh in Q1 2023, recording the second-straight quarterly decline and falling 33% below first quarter 2022 installations, according to a new report released today.

News Release

Should gas resource holders target LNG exports or blue ammonia?

15 June 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

EV charger installations in the US are poised to grow fourfold by 2027

28 June 2023

Wood Mackenzie estimates the number of charging ports in the US to reach close to 18 million by 2027, with most chargers in the residential category. However, the residential market share will slightly decline in that period as the public and commercial EV charging segments grow.

News Release

South American onshore wind power to expand 122% through 2032

12 July 2023

Free market expansion will be one of the main drivers of onshore wind growth in the next 10 years in South America. The total wind market is set to add 41.2 gigawatts (GW) of onshore projects through 2032, based on a new analysis from Wood Mackenzie.

News Release

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

14 August 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

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

17 August 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

H1 global wind turbine orders hit new high at 69.5 GW

31 August 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

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

20 September 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

U.S. grid-scale energy storage installations set new record in Q2 2023

25 September 2023

Across all segments of the industry, the U.S. energy storage market added 5,597 megawatt hours (MWh) in the second quarter of 2023, a new quarterly record. The grid-scale segment led the way with a record-breaking 5,109 MWh in Q2, beating the previous record in Q4 2021 by 5%, according to a new report released today.

News Release

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

02 October 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

US Department of Energy to invest US$7 billion into seven regional hydrogen hubs

17 October 2023

The announcement by the U.S. Department of Energy (DOE) to invest US$7 billion across seven Regional Clean Hydrogen Hubs (H2Hubs) signifies a significant step towards creating a low-carbon hydrogen economy, according to Wood Mackenzie.

News Release

Global energy storage integrator market grows increasingly competitive in 2022

30 October 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

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

07 November 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

Emissions-free supply expected to rise to 85% by 2030 in Europe

29 November 2023

The European power market will see its carbon intensity plummet as the region pursues ambitious climate-energy policies but flexibility is key to enable this change, according to Peter Osbaldstone, Research Director, Europe Power & Renewables at Wood Mackenzie.

News Release

Southern cone gas and power market to invest US$46 billion in gas production and US$94 billion in new power supply through 2033

30 November 2023

Driven by advances in batteries and lower costs, solar will outpace wind growth rates and become the leading technology for expansion over the next ten years in Argentina, Brazil, and Chile. The total solar market is set to add 48 gigawatts (GW) of utility and distributed projects, while wind will add 31 GW of onshore projects through 2033, with the total investment in new power supply leading to a cumulative capacity of 400 GW by 2033, based on a new analysis from Wood Mackenzie.

News Release

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

06 December 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

Solar Poised for Record-Setting 2023 while Economic Challenges Mount

07 December 2023

The U.S. solar industry added 6.5 gigawatts (GW) of new electric generating capacity in Q3 2023, a 35% year-over-year increase as federal clean energy policies begin to take hold.

Opinion

Electric vehicle growth set to accelerate through the 2020s

13 February 2020

Cheaper batteries, faster charging and greater ranges will make the 2020s the decade of the electric vehicle. Latest analysis from Ram Chandrasekaran.

Opinion

The legacy of Australia’s bushfires

11 February 2020

It’s impossible not to be moved by the human and environmental disaster wreaked by recent fires across so much of eastern and southern Australia. For those of us outside the country, the harrowing images on television and the internet of course tell only a fraction of the story. Through the incredible dedication of Australia’s firefighters – both professionals and volunteers – and recent rainfall, the bushfires mercifully now appear be coming under control.

Featured

The blockade on Libya’s oil exports

24 January 2020

Libya’s crude production has slumped, oil CEOs have been debating emissions cuts, and surging LNG supplies has driven down world gas prices. This and more from Ed Crooks.

Opinion

Solar technology got cheaper and better in the 2010s. Now what?

18 December 2019

No other power-generation technology matched solar’s pace of cost reduction this past decade. The game will change again in the 2020s.

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Search results: 2032

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

China drives global wind turbine orders to new record in 2022

US energy storage market continues to expand rapidly

Wood Mackenzie appoints new Chief Financial Officer

California dwarfs all other VPP markets in North America

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

US$36.4B of grid modernization planned by investor-owned utilities

Oil and mining companies must adapt new strategies to deliver low-carbon transition

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

US grid-scale energy storage installations record second-straight quarterly decrease

Should gas resource holders target LNG exports or blue ammonia?

EV charger installations in the US are poised to grow fourfold by 2027

South American onshore wind power to expand 122% through 2032

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

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

H1 global wind turbine orders hit new high at 69.5 GW

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

U.S. grid-scale energy storage installations set new record in Q2 2023

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

US Department of Energy to invest US$7 billion into seven regional hydrogen hubs

Global energy storage integrator market grows increasingly competitive in 2022

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

Emissions-free supply expected to rise to 85% by 2030 in Europe

Southern cone gas and power market to invest US$46 billion in gas production and US$94 billion in new power supply through 2033

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

Solar Poised for Record-Setting 2023 while Economic Challenges Mount

Electric vehicle growth set to accelerate through the 2020s

The legacy of Australia’s bushfires

The blockade on Libya’s oil exports

Solar technology got cheaper and better in the 2010s. Now what?

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