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Despite supply chain headwinds and price pressures, the global offshore wind sector saw significant growth in its mature pipeline, as late-stage pipeline mergers & acquisitions, turbine orders, and project financial investment decisions (FIDs) saw record activity in 2023. This has boosted the sector’s momentum into 2024.
Republican control in the US will move energy policy away from net zero targets, but President-elect Trump’s full agenda will face political and market opposition according to Wood Mackenzie analysis.
In 2024, the global landscape for Levelised Cost of Electricity (LCOE) continues to reflect significant advances in renewable energy technologies, with wind and solar power leading the way, according to the latest LCOE reports from Wood Mackenzie.
The new six-month delay to the Golden Pass LNG Terminal LLC planned start-up in Texas will remove a fair amount of new supply from the market in a period of intense growth, shifting the surge from 2026 to 2027 and impacting both the global and North American gas markets, according to analysis from Wood Mackenzie.
Wood Mackenzie, a portfolio company of Veritas Capital, has appointed Matthijs (Thijs) van Koppen to its global executive leadership team as EVP, Head of Consulting.
The Infrastructure Investment and Jobs Act (IIJA) of 2021 and the Inflation Reduction Act (IRA) of 2022 catapulted the US to global leadership in decarbonisation. But a victory for former President Donald Trump in the November 2024 election, combined with long-standing issues around the US relationship with China and US government deficits, could significantly alter the path of US energy policy and usher in a delayed transition scenario, according to a new Horizons report from Wood Mackenzie.
A five-year delay to the energy transition could see the global average temperature rise to 3°C above pre-industrial levels.
Global wind turbine order intake hit new highs in 2023 with 155 gigawatts (GW) procured for the year, an increase of 16 GW from 2022.
Up to 30 upstream projects larger than 50 million of barrels of oil equivalent (boe) could reach FID in 2024, an increase from 22 in 2023, according to a new report from Wood Mackenzie.
On International Women’s Day, Wood Mackenzie, in partnership Let’s Share the Sun and other third parties, dedicated 51 solar panels and battery storage to a shelter for victims of domestic violence in Puerto Rico. The fully installed 25 kW-DC system will provide a significant portion of the shelter’s power needs.
More than 100 gigawatts (GW) of global renewable energy capacity is expected to be tendered in 2024. With more than 60 GW to be offshore wind, the overall volume is set to grow as the year progresses and will match 2023 levels.
As major global economies look to reposition critical minerals supply chains outside China, the resulting inefficiencies could increase the cost of finished goods and delay the energy transition. The world cannot achieve decarbonisation without copper, a crucial component in electrification. Curr...
Surging power demand and mounting geopolitical tensions have made 2050 net zero goals unattainable, with the world now on track for 2.6°C of global warming.
Recent actions by the Syrian government could pave the way for increased oil and gas production this year and beyond, according to a recent insight from Wood Mackenzie.
Wood Mackenzie analysts view the merger as a significant step toward market consolidation in the offshore drilling sector
Are the EU’s new targets a drop in the ocean?
The petrochemicals industry has been enjoying boom conditions. But after several years of strong margin generation, storm clouds are gathering.
Global floating solar demand is expected to grow by an average of 22 percent year-over-year from 2019 through 2024.
The energy transition is well underway. But huge challenges still stand in the way of decarbonisation. What could influence the pace and scale of the transition? David Brown investigates.
The rising influence of four commodity trading houses is shaking up the global LNG market. Trafigura, Vitol, Glencore and Gunvor have played a part.
Wood Mackenzie estimates that by 2020, 9.4 million EVs be on the road, with 7 million residential charging points. Can the EV revolution take range anxiety?
The US Senate is allocating nearly $300 billion to America's Transportation Infrastructure Act (ATIA). Alternative fueling stations will benefit EV drivers.
Join us for a conversation with Nakul Saran (COO) and Dominic Charles (Director of Finance and Transparency) from the No Plastic Waste project set up by the Minderoo Foundation, who recently released their new Plastic Waste Makers Index. In this session Minderoo will walk through their report and its key findings and what they would like to see happen next. They will be joined by Wood Mackenzie’s experts who will set out the challenges facing the industry, and what these might mean for the future of the plastics value chain, before opening the floor to questions from the audience.
Join us for a webinar discussing a deeper understanding of extreme weather for solar development as it relates to finance risk.
Join us on Thursday 8th July for a discussion with Wood Mackenzie’s senior metals and mining experts to understand how carbon taxes and stakeholder pressure are reshaping the metals and mining investment environment.
Join ThoughtTrace and Wood Mackenzie to hear us discuss how to uncover critical information in your land development option and financing agreements to better protect your rights and investment.
Join Nabla and Wood Mackenzie on Tuesday 22nd March for a webinar: Wind farms redevelopment: maximizing the value of aging and future wind turbines.
Microgrids are touted as being able to provide multiple value streams -- resilience, cost savings, and reduced carbon emissions -- but at times these values are in contention with one another. Can microgrid projects really optimize on all three at once?
Join us for our 'NOCs exploration strategies in the time of energy transition? webinar where we discuss how they are playing an increasingly important role in finding new resource.
With energy security in the spotlight, upstream activity is increasing. But there are headwinds from corporate discipline, inflation and development uncertainties, which include supply chain bottlenecks. Join our webinar as our experts discuss Upstream Europe and the North Sea.
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