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More than 61GW of US wind turbine equipment has qualified for production tax credits since 2016

12 二月 2019

Developers in the US purchased sufficient equipment to qualify 6.6GW of new wind power capacity in 2018 for 60% production tax credits (PTC) under the Internal Revenue Service’s (IRS) safe harbor provision law, according to recent analysis carried out by Wood Mackenzie Power & Renewables. Accordi...

News Release

More than 680GW of new wind power to come online over next decade

11 十二月 2018

More than 680GW of new wind power capacity will come online globally over the 10-year outlook, according to new research by Wood Mackenzie Power & Renewables. Wood Mackenzie recently upgraded its Global Wind Power Market Outlook Update: Q4 2018 by 2% compared to the outlook published in the third...

News Release

Asia-Pacific solar demand to decline first time this year

24 十月 2018

After a decade of stellar growth, Wood Mackenzie forecasts that solar demand in the Asia-Pacific will decline for the first time this year. Compared to 2017, the region's solar demand will dip 18% to 59 GW in 2018 due to declining installations in China, India and Japan.

News Release

EU will miss 2050 climate targets by a decade, without urgent action

22 二月 2024

Despite ambition across its members, the EU won’t meet climate targets until well into the 2060s, as focus shifts to energy security and economic stability. Renewables and electrification uptake is due to progress steadily, but nascent technologies, such as hydrogen and carbon capture, need urgent action in the forms of investment, demand certainty, and policy commitment.

News Release

Should gas resource holders target LNG exports or blue ammonia?

15 六月 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

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

17 八月 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

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

07 十一月 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 十一月 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

U.S. Solar Industry Sees Worst Quarter Since 2020

07 六月 2022

The U.S. solar industry had its lowest quarter of installations since the start of the coronavirus pandemic, according to the U.S. Solar Market Insight report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business. In Q1 2022, price increases and supply chain constraints continued to suppress the solar market as the industry installed 24% less solar capacity than Q1 2021.

News Release

Russia-Ukraine war could slow global economic growth to 2.5% this year

12 四月 2022

Global economic growth could slow to 2.5% year-on-year in 2022 and 0.7% in 2023 due to the Russia-Ukraine war, says Wood Mackenzie.

News Release

China could ease restrictions on Australian coal and increase supply to alleviate power crunch

08 十月 2021

Wood Mackenzie believes that Chinese authorities could allow customs clearance of stranded Australian thermal coal. In addition, the local governments in Yulin region of Shaanxi province and Inner Mongolia have announced yesterday that they will be increasing coal supply to meet demand.

News Release

Global energy storage set to triple in 2021

07 十月 2021

New research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), shows annual global storage deployments will nearly triple year-on-year, reaching 12 GW/28 GWh in 2021. Across the world, economic recovery is top of mind for politicians, with renewable energy integration taking centre stage. Despite disruptions from the Covid-19 pandemic, Wood Mackenzie’s Global Energy Storage Outlook, released today, forecasts nearly 1 TWh of total demand from 2021-2030.

News Release

Drought puts pressure on Brazil’s power sector

08 九月 2021

The severe drought in Brazil will contribute to an extremely tight power balance in the country, new research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), shows.

News Release

Solar energy to boost demand for base metals

09 八月 2021

According to a new report from Wood Mackenzie, a Verisk business (Nasdaq:VRSK), solar power will have a significant impact on demand for aluminium, copper, and zinc, with the usage of all three metals in the sector set to double by 2040.

News Release

New global wind power life cycle emissions to reach 55 Mt CO2 from 2020-2050

08 七月 2021

According to Wood Mackenzie, a Verisk business (Nasdaq:VRSK), global wind power life cycle emissions will reach 55 million tonnes of carbon dioxide equivalent (Mt CO2) from 2020 to 2050, a result of wind power capacity expanding five-fold to 3.7 terawatts from 2020 to 2050. This is roughly equivalent to four times the US’s total power capacity in 2020.

News Release

UK accelerates plan to cut carbon emissions

20 四月 2021

Today's announcement outlining the UK's plan to set a legally binding 78% greenhouse gas emissions reduction target (on 1990 levels) through its Sixth Carbon Budget is another significant milestone on the road to its goal of net-zero emissions by 2050.

News Release

BMW Group must prioritise full-electric cars to meet 2030 targets

25 二月 2021

BMW Group – which is comprised of BMW, Mini, Rolls-Royce and Zinoro – is targeting 7 million in battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) stock by 2030, which would see over 1 million combined sales of these cars globally by the same date. However, Wood Mackenzie projects the company will only meet 61% (4.2 million) of that stock target by 2030.

News Release

US energy storage market shatters records in Q3 2020

02 十二月 2020

According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest 'US Energy Storage Monitor' report, 476 megawatts (MW) of storage were deployed in Q3 2020. This is an increase of 240% over the previous high, set last quarter. 

News Release

Global energy storage capacity to grow at CAGR of 31% to 2030

30 九月 2020

Wood Mackenzie’s latest report shows global energy storage capacity could grow at a compound annual growth rate (CAGR) of 31%, recording 741 gigawatt-hours (GWh) of cumulative capacity by 2030.

News Release

Key battery metals need more investment to meet climate targets

10 九月 2020

According to Wood Mackenzie's Accelerated Energy Transition (AET) scenario, which sees global warming limited to 2.5 degrees (Celsius), the battery raw materials supply chain requires much more investment by 2030.

News Release

US electric truck sales set to increase exponentially by 2025

10 八月 2020

There were just over 2,000 electric trucks on US roads at the end of 2019. This stock is expected to grow to over 54,000 by 2025, according to new analysis from Wood Mackenzie.

News Release

General Motors to hit 5 million electric vehicle sales by 2030

14 七月 2020

General Motors (GM) has set an annual target for 1 million electric vehicle (EV) sales globally by the mid-2020s. Although the company will only meet half of that target by 2026, it is expected to hit 5 million in cumulative EV sales by 2030 according to new research from Wood Mackenzie.

News Release

Australia’s energy storage capacity more than doubles to 1.2 GWh in 2020

17 六月 2020

According to new research from Wood Mackenzie, Australia is set to add 1.2 gigawatt-hour (GWh) of energy storage capacity in 2020, more than double the 499 MWh installed in 2019. This takes the country’s cumulative storage capacity at 2.7 GWh this year.

News Release

Vestas breaks annual wind turbine installation record

11 五月 2020

Vestas became the first wind turbine manufacturer to install more than 10 GW of wind capacity in a single year (2019), according to new analysis from Wood Mackenzie.

News Release

150 GW of renewables projects in Asia Pacific at risk in a coronavirus-led recession

22 四月 2020

Wood Mackenzie’s latest research shows that up to 150 gigawatts (GW) of wind and solar projects across the Asia Pacific could be delayed or cancelled over the next five years (2020 – 2024), if the coronavirus-led recession extends beyond 2020.

News Release

US storage market sets power capacity record with Q4 2019 deployments

10 三月 2020

The United States energy storage sector set a power capacity record in Q4 2019, deploying 186.4 megawatts (MW) and 364.2 megawatt-hours (MWh) of storage.

News Release

Will renewables displace conventional fuels in Asia’s growth markets in the 2020s?

05 二月 2020

In a new report, Wood Mackenzie highlights trends that will shape Asia Pacific’s power and renewables markets this decade.

News Release

Volkswagen to become world’s largest electric vehicle manufacturer by 2028

14 一月 2020

Volkswagen has pledged to become carbon-neutral by 2050. Included in its roadmap for reaching this target is a plan to manufacture 22 million electric vehicles by 2028. Wood Mackenzie expects the company to miss this target. However, according to Wood Mackenzie's analysis, VW will hit 14 million EVs by 2028 - making it the world's largest EV manufacturer by the end of the decade.

News Release

Europe to spearhead renewable energy cost reductions for offshore wind through 2028

18 十一月 2019

Europe’s levelised cost of energy (LCOE) for bottom-fixed offshore wind will fall from an average of $133/MWh in 2019 to $51/MWh in 2028, according to new research by Wood Mackenzie.

News Release

Asia Pacific’s decarbonisation bill to hit US$3.5 trillion in 2040

12 十一月 2019

Recent research by Wood Mackenzie indicates that Asia Pacific’s decarbonisation bill could hit US$3.5 trillion by 2040. This includes investments in solar, wind, hydrogen, nuclear, and hydro power, collectively referred to as zero-carbon energy between now and 2040, under Wood Mackenzie’s accelerated transition scenario.

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