US grid interconnection agreements increase 33% in 2024

• 28 August 2025

US grid interconnection agreements reached historic highs in 2024, surging 33% to 75 GW—the highest volume on record.

Copper: 4 things to know

• 13 December 2024

EV and grid-related growth will boost long-term demand, but short-term supply-demand mismatches will cause ongoing volatility in both copper price and treatment and refining charges

The oil industry nervously stands by: Tariff uncertainty and price volatility are threats to supply, investment and the service sector

• 23 April 2025

The global oil industry has been bracing for a crisis since oil prices fell below US$60 per barrel (/bbl), a level unseen since 2021. Producers are preparing for potential further declines, with investment in the US Lower 48 tight oil sector particularly responsive.

Lithium market volatility rises as supply surge faces the trade tension and deflationary pressure

• 13 May 2025

The global lithium market is expected to face a significant supply surplus over the next decade, with deflationary pressures from China’s overcapacity in processing and trade tensions with the U.S. threatening to reshape the market’s dynamics. According to Wood Mackenzie, the current oversupply is projected to peak in 2027, followed by a potential shift to deficit by the early 2030s.

The coming US low-carbon energy boom

• 27 January 2023

The extensive tax credits and other subsidies for low-carbon energy included in the Inflation Reduction Act have been widely seen as propelling the US into first place as a location for investment in those technologies.

Despite surging power demand, gas-fired power faces manufacturing constraints that could limit near-term growth

• 14 May 2025

A new report from Wood Mackenzie finds that despite surging power demand, the gas turbine market could experience "turbo lag" in the next 15 years due to manufacturing constraints, rising costs, and competition from renewables.

In 2025, Up to 3.5 Mcmd in play as spot gas market challenges firm contracts in Brazil

• 30 April 2025

Brazil's Local Distribution Company (LDC) market dynamics are set for significant changes in 2025, with a notable shift towards spot market transactions, according to a recent report from Wood Mackenzie.

Key renewable energy takes away from Australia’s federal election

• 15 May 2025

Australia's re-elected Labor government has renewed its commitment to accelerating the energy transition following the 2025 federal election. The administration has pledged to uphold its ambitious renewable energy targets while introducing new policies to increase energy storage capacity and advance critical mineral development.

Middle East and North Africa solar manufacturing capacity to reach 44 GW by 2029, driven by vertically integrated strategy

• 07 May 2025

Solar manufacturing in the Middle East and North Africa (MENA) region is projected to reach 44 gigawatts (GW) by 2029, with installations in the region expected to exceed 140 gigawatts direct current (GWdc) by 2030, according to new analysis from Wood Mackenzie. “MENA’s vertically integrated, cost-competitive approach, underpinned by the latest technologies, sets it apart from fragmented strategies seen in markets like the United States, India, and Southeast Asia,” said Yana Hryshko, senior analyst and head of global solar supply chain research at Wood Mackenzie.

US solar industry to add 502 GWdc of capacity in next 10 years

• 23 April 2025

Speaking from Wood Mackenzie's Solar and Energy Storage Summit, Sylvia Leyva Martinez, Principal Analyst, North America Utility-Scale Solar, said, "Bright skies are ahead for US solar, with average annual installations surpassing 40 GWdc through 2035. In total, the US solar industry will add about 502 GWdc of capacity to the market in the next 10 years."

Record-breaking 1.7 GW of US community solar installed in 2024

• 19 February 2025

The US community solar market installed a record-breaking 1.7 GWdc of capacity in 2024, a 35% increase from 2023, according to a new report released by Wood Mackenzie in collaboration with the Coalition for Community Solar Access (CCSA). However, with policy uncertainty at both national and state levels, long-term growth hangs in the balance.

North American net energy-related emissions to fall 20% by 2030, according to Wood Mackenzie

• 03 March 2025

According to a recent report from Wood Mackenzie, 2030 net energy-related emissions from the North American power sector are set to fall by 20% compared to 2024 levels. The "Energy Transition Outlook 2024-25: Americas" report shows that in Wood Mackenzie’s base case outlook, main drivers of this activity in North America will be lower emissions from the power sector, which are set to decline 24% by 2030, and the acceleration of transport electrification.

Chinese OEMs sweep the global wind podium for the first time

• 14 March 2025

Wood Mackenzie's latest report on global wind turbine original equipment manufacturers (OEMs) reveals that Chinese companies dominated the market in 2024, with Goldwind, Envision, and MingYang securing the top three positions globally for the first time. Key findings: • Goldwind maintained its lead for the third consecutive year, installing 20 GW – a more than 20% increase on 2023 and more than 60% increase on 2022. • Five OEMs installed double-digit GW for the first time, with Chinese manufacturers benefiting from robust domestic demand and Vestas dominating markets outside China. • The Chinese market grew by almost 12% year-over-year to a record more than 80 GW, accounting for more than 60% of annual connected capacity globally. • Installations outside China declined by 9% year-over-year, impacting Western OEMs.

Top ten solar PV module manufacturers show resilience in H1 2024 despite facing significant headwinds, Wood Mackenzie says

• 23 January 2025

solar ranking

India needs US$4.3 billion government support to enable CCUS adoption

• 06 March 2025

India needs US$4.3 billion government support to enable CCUS adoption The country to account for close to 15% of Asia Pacific’s CCUS capacity by 2050

Electric vehicle adoption to slow in US with recent Executive Orders

• 29 January 2025

Recent executive orders in the United States could have profound implications on electric vehicles (EV), slowing down the pace of adoption, according to a recent report from Wood Mackenzie. According to the report, “Trump’s executive orders unsettle electric vehicle and battery markets” policy changes have impacted the EV, battery, and raw material markets in the US and globally. The wide-ranging changes will affect everything from subsidies for consumers to funding for EV charging stations, as well as trade tariffs on imported raw materials.

Data center pipeline capacity exceeds 92 GW by end of 2024, says Wood Mackenzie

• 13 March 2025

The pipeline capacity for US data centers with development activity since 2023 exceeded 92 gigawatts (GW) at the end of 2024, according to a recent report from Wood Mackenzie. The adoption of artificial intelligence is fueling massive capacity expansion for data centers and competition for power. According to the report “US data center pipeline” from Wood Mackenzie, monthly pipeline additions reached 7 GW in the fourth quarter of 2024.

Record year for Chinese overseas power projects: 24 GW installed in Belt & Road countries

• 27 January 2025

Chinese companies have made a significant milestone in their overseas power development, installing a record 24 gigawatts (GW) of capacity in Belt & Road (B&R) countries in 2024, according to a new report from Wood Mackenzie. This record number marks a doubling of the capacity installed in 2023 a...

India's new carbon market methodologies set offset landscape

• 17 April 2025

India's recent approval of eight methodologies for its domestic voluntary carbon market is set to revitalise the national carbon offset landscape, according to Wood Mackenzie. The Carbon Credit Trading Scheme (CCTS) introduces a framework that could significantly impact carbon credit prices, quality, and trading patterns in the country.

Solar and storage costs are set to increase 9% in Q4 2025 as Chinese policy shifts end an era of low equipment prices

• 02 October 2025

Solar and storage developers face a sharp increase in equipment procurement costs from Q4 2025 onwards due to Chinese government policy changes and supply-side production cuts, which are bringing an end to the era of low prices that have characterized the market for the past 18 months, according to a new report from Wood Mackenzie.

Unveiling the impact of wind and solar variability on European power

• 29 June 2023

In the long term, flexible assets will play a critical role in mitigating the impacts of renewable power.

China claims 70-90% cost advantage in power plant carbon capture as European projects face costs approaching US$300 per tonne

• 08 October 2025

The global power sector faces a stark divide in carbon capture economics, with Chinese developers claiming dramatic cost advantages whilst European utilities confront prohibitive expenses that render most projects uneconomic.

Wood Mackenzie analysis reveals that North Sea production can remain within IPCC net zero emissions targets even if commercial reserves were increased by 50%

• 03 October 2025

The UK could boost North Sea oil and gas production while remaining within the strictest international climate pathways, according to new Wood Mackenzie analysis. The research comes as the government mulls the basin's future following a consultation process.

Navigating uncertainty: the impact of pipeline dynamics on North American gas supply

• 29 January 2024

Market repercussions if no new pipelines were to be built in the US Northeast

Middle East conflict to have limited near-term impact on Southeast Asia power markets, but raises long-term energy security risks

• 24 March 2026

Southeast Asia’s power markets are showing resilience to the ongoing Middle East conflict, but the crisis is reinforcing energy security as a central pillar of long-term power planning across the region. While regulated pricing and long-term LNG contracts are expected to shield most markets from severe near-term price shocks, the disruption is likely to accelerate a reassessment of generation strategies, according to the latest analysis from Wood Mackenzie.

2025 U.S. energy storage installations set new record, surpass 2024 by 52%

• 24 March 2026

The U.S. energy storage market hit a record 18.9 gigawatts of battery energy storage system installations in 2025, a 52% increase over 2024, according to the latest U.S. Energy Storage Monitor report.

The North Sea’s oil and gas future hangs in the balance and requires a new fiscal regime

• 03 October 2024

After a history of ad hoc changes, the UK government must implement a more predictable tax regime that provides greater long-term stability to the North Sea oil and gas sector, as soon as possible, according to new analysis by Wood Mackenzie.

Renewable Energy Certificate (REC) prices to drop 76% by 2050 due to surging renewable generation in Asia Pacific

• 03 October 2024

Renewable Energy Certificate (REC) prices to drop 76% by 2050 due to surging renewable generation in Asia Pacific

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US solar hits some bumps in the road

• 10 March 2022

US solar will face supply chain constraints in 2022. Installations will continue to be challenged by limited equipment, higher pricing and trade and policy.