WoodMac

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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US Solar Market Records Best Quarter for Residential Installations

The US residential solar market reached record highs in the third quarter of 2019 with 712 MW of solar installed, according to a new report The United States (US) residential solar market reached record highs in the third quarter of 2019 with 712 megawatts (MW) of solar installed, according to the latest US Solar Market Insight […]

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US Storage Industry to Build on Strong Third Quarter: Report

The US energy storage sector had its strongest third quarter on record and a new analysis by WoodMac predicts a 12x growth in MW-terms between now and 2024. The United States energy storage sector had its strongest third quarter on record this year, deploying 100.7 megawatts (MW) and 264.6 megawatt-hours (MWh) of storage, and a […]

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Offshore Wind Pipeline in Asia-Pacific Excluding China Exceeds 5 GW

A new report outlines the offshore wind energy pipeline for four key markets in the Asia Pacific region, highlighting the key factors for growth. With a supportive policy framework in place and over 5 gigawatts (GW) of approved projects pipeline that will come online as early as 2025, Taiwan is expected to connect upwards of […]

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