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News Release
US Distributed Energy Resource market to almost double by 2027
- 20 六月 2023
The US Distributed Energy Resource (DER) market is expected to nearly double in capacity from 2022 to 2027, with capital expenditure reaching US $68 billion per year, according to Wood Mackenzie’s ‘2023 US Distributed Energy Resource Outlook’ report released today.
News Release
Solar installations in 2023 expected to exceed 30 GW for the first time in history
- 07 九月 2023
The U.S. solar industry expects to add a record 32 gigawatts (GW) of new capacity in 2023, a 52% increase from 2022, according to the US Solar Market Insight Q3 2023 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.
News Release
APAC to invest US$3.3 trillion in power generation over next decade
- 04 十月 2023
The Asia Pacific region is forecast to invest US$3.3 trillion in power generation over the next 10 years, with 49% earmarked for wind and solar, and 12% for energy storage, according to latest Wood Mackenzie analysis.
News Release
China leads global renewables race with record-breaking 230 GW installations in 2023
- 28 十一月 2023
Currently on target to reach a record-breaking 230 gigawatts (GW) of wind and solar installations this year, China leads the global renewables market. This is more than double the number of US and Europe installations combined.
News Release
US energy storage installations set new record in Q3 2023
- 13 十二月 2023
The U.S. storage market hit a new high in Q3 2023, installing the most capacity in a quarter to date with 7,322 megawatt hours (MWh) becoming operational in the third quarter of 2023.
News Release
Power demand growth remains strong in Asia Pacific
- 31 一月 2024
India, China and Southeast Asia will continue to be the three most important growth engines of power demand across the planet, says Alex Whitworth, Vice President, Head of Asia Pacific Power Research at Wood Mackenzie. With the Asia Pacific region seeing its share of global power demand surpass the 50% mark in 2023.
News Release
$600bn to be spent on wind turbines globally by 2028
- 07 四月 2020
According to new analysis from Wood Mackenzie, annual average wind turbine supply is forecast to hit $60 billion between 2020 and 2028 - reflecting an increase of 8% compared to 2019.
News Release
India’s renewables installation could fall by a fifth due to lockdown
- 06 四月 2020
In a new report, Wood Mackenzie projects that India could face over 21.6% or 3 gigawatts (GW) of solar photovoltaic (PV) and wind installations being delayed as a result of the country’s lockdown.
News Release
Energy storage to accelerate global energy transition in 2020s
- 24 二月 2020
The starting gun has sounded for the global storage market, which is set to grow from approximately 4GW of annual deployments in 2019 to more than 15GW in 2024, according to Wood Mackenzie.
News Release
65GW of European onshore wind turbines need upgrades or replacements by 2028
- 09 九月 2019
65GW of European onshore wind turbines will reach end-of-design-life by 2028. From 2019 to 2028, an average of 4GW of turbines per year that are reaching end-of-design-life will be lifetime extension (LTE) suitable, according to new research from Wood Mackenzie.
News Release
Global solar PV installations to reach record high in 2019
- 25 七月 2019
Global solar PV installations will reach a new high of 114.5 GW in 2019, up 17.5% on 2018, according to new research from Wood Mackenzie.
News Release
U.S. solar market sees best Q1 in history
- 18 六月 2019
New findings from Wood Mackenzie Power & Renewables and SEIA's U.S. Solar Market Insight Report, Q2 2019
News Release
Asia Pacific's solar-plus-storage could see key developments in next five years
- 14 五月 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
New technology investments to boost growing global wind market
- 06 十二月 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
China's LNG trucking capacity to double in medium term
- 18 六月 2018
Wood Mackenzie estimates LNG trucking capacity in China to double to 38 million tonnes (mt) by 2025. China is the world's largest LNG trucking market. In 2017, 19 mt of LNG was transported via tanker truck from domestic liquefaction plants and LNG import terminals to downstream markets. This volume accounts for 12% of total gas consumption.
News Release
Wood Mackenzie Power & Renewables APAC Conference 2022 open for registration
- 29 六月 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
Latin America offshore wind to see 34 GW of installed capacity by 2050
- 18 十月 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 十二月 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
US climate bill to boost domestic annual renewables investment to nearly US$114 billion by 2031
- 19 一月 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
US community solar growth slowed 16% in 2022; national market expected to double by 2027
- 15 二月 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
California dwarfs all other VPP markets in North America
- 29 三月 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
Oil and mining companies must adapt new strategies to deliver low-carbon transition
- 20 四月 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 五月 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
Top 10 solar PV inverter vendors account for 86% of global market share
- 14 八月 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
U.S. grid-scale energy storage installations set new record in Q2 2023
- 25 九月 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
Global energy storage integrator market grows increasingly competitive in 2022
- 30 十月 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
Renewables and nascent low-carbon technologies most exposed to high interest rates
- 18 四月 2024
If high interest rates persist, transitioning to a net zero global economy will be even harder and more costly. The higher cost of borrowing negatively affects renewables and nascent technologies, compared to more established oil and gas, and metals and mining sectors, which remain somewhat insulated.
News Release
Ammonia co-firing in thermal power plants could be worth US$100 billion in 2050
- 18 五月 2022
While hydrogen can be used in many sectors, its derivative, ammonia, has emerged as a key tool to provide flexible power generation and integrate variable renewables. Analysis by Wood Mackenzie shows that a 10% ammonia co-firing in global coal plants would translate to 200 million tonnes (Mt) of ammonia demand, a potential market of US$100 billion by 2050.
News Release
China's renewables boom year poses major challenges to western markets
- 17 二月 2022
China’s renewables manufacturing has emerged from 2021 bigger and more competitive than ever before. Western markets are benefitting from trading with the IKEA of the energy transition, but balancing reliance on China’s technology providers with local interests is now a key political as well as environmental challenge, says Wood Mackenzie.
News Release
Battery electric vehicles to dominate vehicle sales by 2050
- 28 六月 2021
Battery electric vehicles (BEVs) will be the dominant form of road transport by 2050, accounting for 56% of all vehicle sales that year, according to new research from Wood Mackenzie, a Verisk business (Nasdaq:VRSK).

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