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The US solar industry soldiered through pandemic setbacks to set new records across utility and residential markets in 2020. With tax incentives for renewable energy projects helping to maintain that momentum in 2021 and beyond, the main question is now: what could hold the industry back?
Global operating capacity for onshore wind is set to surpass one terawatt this decade – and annual operations and maintenance spend will hit US$25 billion. Where will this spend be focused? And how will the O&M market change?
Offshore wind operational expenditure is expected to grow 16% annually to €10 billion by 2029. How will changing industry dynamics, such as improved economies of scale and reductions in subsidies, affect the operations and maintenance (O&M) market?
As Europe realigns itself to deliver the increased ambition of 55% emissions reduction targets by 2030, renewables take centre stage. The region’s pipeline of wind and solar developments highlights the essential role that centralised auctions will continue to play. But can they deliver the necessary capacity? And could renewables become a victim of their own success?
In re-launching the ‘Clean Plate’ campaign in August last year, President Xi Jinping urged all of China to “maintain a sense of crisis about food security”. This is of course an important message in and of itself, given the huge amounts of energy, water and land involved in food production in China.
Low-carbon technologies have the potential to transform the energy industry. They could also have a powerful effect on local economies – as the UK is on a mission to demonstrate.
Residential solar installers endured a tumultuous 2020, heavily influenced by the pandemic. The competitive landscape shifted, and top installers did not recover evenly. How has the leaderboard changed? And will Tesla threaten Sunrun's top spot in 2021?
While it's no magic bullet, bitcoin mining has strong potential in both demand response and exploiting stranded capacity in electricity generation.
Digital tools are transforming the solar industry. Developers are refocusing on building out advanced, integrated software stacks that bring their operations, analytics and customer engagement to the next level.
EV sales shifted up a gear in 2020, surging 38% even while global sales of passenger vehicles fell. Will sales growth continue to outpace ICE vehicles? As we buy more and more EVs, how and where will we charge them? And what will drive the rise in commercial EV adoption? Find out in our look at the road ahead.
What do major investors need to know to capitalise on the opportunity offered by the energy transition over coming decades?
Winter Storm Uri wreaked havoc on electric and gas systems unprepared for the challenge. What are the implications for ensuring reliable electric supply as the energy transition progresses?
How will changes to onshore and offshore turbine technology impact the industry?
The energy transition is a transformational force, with technology at its heart. What are the technologies that are driving change? Which innovations are on track to help unlock the world’s lower-carbon future? And where do we need to pick up the pace?
2021 will be an interesting year for US commercial solar. In our latest outlook, annual capacity additions are expected to grow 25% – an impressive return to growth for a market that has declined for three years in a row. But it’s not all plain sailing.
A huge push is needed to stay on track with ambitious EU net-zero targets. But at the same time, the coronavirus pandemic has stoked fears that green ambitions may be diluted as Europe looks to weather the economic turmoil. This has made the clean energy space both exciting and volatile. So, what does that mean for project finance?
This year, the UK will host COP26. Countries around the world are aware of their responsibilities to tackle climate change, and many have set targets to cut greenhouse gas emissions.
This is a big year for climate policy. The Paris agreement of 2015 set up a five-yearly cycle for countries to increase the ambition of their goals for cutting greenhouse gas emissions. So right from the outset, the COP26 climate conference originally scheduled for 2020 was going to be particularly significant.
Ambitions for offshore wind are ramping up. Everything, it seems, is scaling up – including the turbines.
It is increasingly clear across Asia that governments, lenders, and both gas suppliers and consumers must prioritise the management of carbon emissions across the gas value chain.
While record growth continues for US solar, attention is now turning to supply chain constraints. How are different segments being affected by elevated commodity prices and equipment delays?
Competitive bidding has become the norm in the onshore wind operations and maintenance (O&M) market, pushing price-points down. Meanwhile, operational costs have escalated. How will the industry combat the cost challenge and secure cheaper onshore wind?
In Q1 of 2021, electric vehicle sales rocketed to 550,000 – a 66% increase over the same period last year. This surge has seen our outlook upgraded to 950 million EVs on the road by 2050.
Last week we hosted our inaugural Asia Pacific Power & Renewables Conference. This three-day event tackled all aspects of the region’s power markets and their roles in the energy transition.
Wind is one of the cleanest power technologies, but there’s still potential to cut life cycle emissions.
The onshore wind market in the Nordics is undergoing phenomenal growth. The region’s operational wind turbine fleet will grow by more than 50% in the 2021-2023 period. What's driving the boom?
At Wood Mackenzie's Power and Renewables Conference: APAC, Prashant Khorana led a panel discussion on who might pick up the energy transition tab in the region – and whether, in fact, there is an excess supply of capital.
Falling production costs and improving efficiency are set to drive up demand for solar power, and that could be good news for base metals like aluminium, copper and zinc.
The net zero race is on and Asia Pacific has joined the chase. But the scale of the APAC energy transition challenge is enormous.
Nearly 10,000 wind turbine major components will need replacements or repairs this decade, with the vast majority of this O&M activity focused in Europe.
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