WoodMac

Chinese Wind Installations Could be Halved in 2020: Coronavirus Outbreak

The coronavirus outbreak could lead to production delays in China’s wind turbine installations by up to 50 percent in 2020, according to a new report The coronavirus outbreak could lead to production delays in China’s wind turbine installations by up to 50 percent in 2020, according to research firm Wood Mackenzie. “We estimate production delays across […]

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Global Electric Vehicle Sales to Surge in 2020s: Wood Mackenzie

The electric vehicle sector requires external support to become competitive and while its market share is small, WoodMac expects a decade of growth Despite the electrification movement growing in popularity, Electric Vehicles (EVs) accounted for 3 percent of all vehicle sales and represented only 0.5 percent of all vehicles on the road in 2019. The […]

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Could Renewables Displace Conventional Fuels in Asia in 2020s?

In a new report, Wood Mackenzie highlights trends that will shape Asia Pacific’s power and renewables markets this decade, and what it holds over the next In a new report, Wood Mackenzie highlights trends that will shape Asia Pacific’s power and renewables markets this decade. Asia Pacific’s wind and solar installed base produced an estimated […]

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Global Onshore Wind Industry to Reach Maturity in 2020s: Report

Solar power has emerged as the biggest threat to onshore wind’s dominance and the tools available to the wind sector to combat this challenge are diminishing. Solar power has emerged as the biggest threat to onshore wind‘s dominance in the decarbonisation battle. However, the tools available to the wind sector to combat this challenge are […]

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Solar Power to Become Cheaper and More Efficient in 2020s: Report

Solar system prices will continue to become cheaper over the next decade, driven by advances in module efficiency, manufacturing, labour practices, and software, a new analysis has revealed. Solar system prices will continue to become cheaper over the next decade, driven by advances in module efficiency, manufacturing, labour practices, and software, according to Wood Mackenzie. […]

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Cheaper EV Could help Tesla hit Targets by mid-2020s: WoodMac

Tesla has announced its plans to capture 1% of all car sales globally, WoodMac projects that it will meet the targets by 2024 if it launches a cheaper EV In Q3 2019, Tesla announced its plans to capture 1 percent of all car sales globally. With its current portfolio of luxury cars, the company is […]

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Sharp Decrease in Solar Installations in China After Policy Change

China transitioned from a feed-in tariff system to auctions for solar projects in 2019, and the market responded with a sharp decrease in solar installations In 2019, China transitioned from a feed-in tariff system to auctions for solar projects on a national level. The market responded with a sharp decrease in solar installations after the […]

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Delays and Cancellations to Dampen US Microgrid Growth

Project cancellations and delays connecting planned projects to the grid will lead the US microgrid market to contract 17% from its 2018 peak Project cancellations and delays connecting planned projects to the electric grid will lead the US microgrid market to contract 17 percent from its 2018 peak by the end of this year, according […]

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China’s Wind Repowering Market to Boom Post 2023

China’s wind repowering market is expected to take off from 2023, with more than 21 GW of turbine fleets expected to be repowered over the next 10 years According to a new report, China’s wind repowering market is expected to take off from 2023. With more than 21 gigawatts (GW) of China’s wind turbine fleet […]

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