Australia Needs Ambitious RE Target Policy to Unlock Investments: WoodMac Updated On Fri, Feb 5th, 2021 by Saurenergy Australia needs an ambitious long-term Renewable Energy (RE) Target policy to unlock future investments, according to Wood Mackenzie Australia needs an ambitious long-term Renewable Energy (RE) Target policy to unlock future investments, according to research firm Wood Mackenzie. The share of renewables in the country’s National Electricity Market (NEM) power generation mix is expected to […] Read more
FTM Storage Costs to Decline 30% by 2025 in Asia Pacific: WoodMac Updated On Wed, Jan 20th, 2021 by Saurenergy All-in FTM battery storage system costs in Asia Pacific markets could decline by more than 30 percent by 2025, as per Wood Mackenzie. All-in front-of-the-meter (FTM) battery storage system costs in Asia Pacific markets could decline by more than 30 percent by 2025, according to research and consultancy firm Wood Mackenzie. Storage system prices fell […] Read more
Renewables in APAC to be Cheaper Than Coal by 2030, Led by India Updated On Thu, Nov 26th, 2020 by Saurenergy A new report shows that most markets in the Asia Pacific (APAC) region can expect to see a cheaper levelised cost of electricity (LCOE) for renewables compared to coal by 2030. With India and Australia expected to lead the charge. The latest report by Wood Mackenzie tails that across the region, new investments in renewables […] Read more
Storage Emerging As Issue For Europe’s RE Growth Updated On Mon, Nov 9th, 2020 by Saurenergy Europe, which has covered a lot of ground in terms of share of renewable energy in the grid, risks losing the advantages that should flow from these investments, says a report by research firm Woodmac. (Wood Mackenzie). Storage as a key driver is an issue we have also flagged earlier, at SaurEnergy in our October […] Read more
PV Module Innovations to Help Drive Down Solar Costs in 2020s: WoodMac Updated On Fri, Oct 23rd, 2020 by Saurenergy In the 2020s, improvement in module efficiency and power class will propel the declining capex trend-forward and ultimately lower the solar LCOE The global solar industry has experienced tremendous growth in the past decade as the annual demand for solar rose year after year while the cost of solar declined significantly. In the 2020s, solar […] Read more
Over 17 GW of Wind Turbine Capacity Ordered Globally in Q2 2020: WoodMac Updated On Fri, Oct 16th, 2020 by Saurenergy The second quarter of 2020 (Q2) saw more than 17 GW of wind turbine capacity ordered globally, according to a new analysis from Wood Mackenzie. The second quarter of 2020 (Q2) saw more than 17 GW of wind turbine capacity ordered globally. This equates to an estimated USD 16 billion, according to a new analysis […] Read more
Global Energy Storage Capacity to Reach 741 GWh by 2030: WoodMac Updated On Thu, Oct 1st, 2020 by Saurenergy A new report by Wood Mackenzie’s has estimated that the global energy storage capacity additions could grow to reach 741 GWh of cumulative capacity by 2030. A new report by research agency Wood Mackenzie’s has estimated that the global energy storage capacity additions could grow at a compound annual growth rate (CAGR) of 31 percent, […] Read more
Key Battery Metals Need Increased Investment to Meet Climate Targets Updated On Tue, Sep 15th, 2020 by Saurenergy According to Wood Mackenzie’s Accelerated Energy Transition (AET) scenario, the battery raw materials supply chain requires much more investment by 2030. 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. The AET brings electric […] Read more
US Energy Storage Market Sets Record for Deployments in Q2: WoodMac Updated On Fri, Sep 4th, 2020 by Saurenergy The US energy storage sector saw its strongest Q2 on record for deployments, according to Wood Mackenzie and the US ESA’s latest report The United States energy storage sector saw its strongest second quarter on record for deployments. According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest ‘US Energy Storage Monitor’ report, […] Read more
