Some regions in US to see 15% electricity demand growth through 2029; prices could escalate
Despite local manufacturing policies in overseas markets, China’s expansion will dominate global solar supply chain, and widen the technology and cost gap
Investment in new metal supply totalling $200 bn is essential to meet demand
10-year CAGR projected at 10.1%, short-term growth challenges persist
By 2032 US to have 60% carbon free power sector
Despite short-term challenges, all leading wind turbine manufacturers will double their annual installed capacity over the next decade, driven by soaring wind demand
North America quadruples YoY growth, offshore orders surge and demand sustains in China
Investment required by 2026 if sector is to meet forecasted 5-fold growth in annual installations by 2030, with greater sum of US$100 billion needed to hit global government targets by the end of the decade
41+ GW of new onshore wind projects to be added in 10 years, Brazil to lead activity boosted by direct offtake
Continued high production costs and lack of infrastructure will test recently published strategies from both countries
Counterbalanced by record electrolyser manufacturing announcements totaling 45GWe
China the exception – with offshore wind set to undercut coal power by 2025
The IRA set to reshape US renewables supply chain
Activity will be driven by off-grid green hydrogen projects, with Brazil and Colombia leading the way
Wind market sees 43 GW in global orders in Q2 2022, with China procuring 35 GW
Five key lessons from the current crisis on how to manage the shift to lower-carbon sources while strengthening energy security
China’s renewables manufacturing has emerged from 2021 bigger and more competitive than ever before. Western markets are benefitting from trading with the IKEA of the energy transition, but balancing reliance on China’s technology providers with local interests is now a key political as well as environmental challenge, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).
Report sees short-term net-zero pain for longer-term gain
Energy crisis highlights challenges of rising costs and decarbonisation of power sector
Sweden has shown it has potential to become a pioneer in green steel production, says Wood Mackenzie, a Verisk business.
China’s power needs add 48 GW additional capacity to 10-year outlook
New research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), shows annual global storage deployments will nearly triple year-on-year, reaching 12 GW/28 GWh in 2021.
Biden unveils ambitious goal to repower America, but hurdles may short-circuit plan
Only 10% of region's RE100 companies have signed corporate PPAs
Study outlines major role Scottish industrial cluster could play
Wind turbine prices are expected to increase by up to 10% over the next 12 to 18 months due to increases in commodity prices, logistics costs, and coronavirus-related challenges, according to new analysis from Wood Mackenzie, a Verisk business (Nasdaq:VRSK).
Wind power is one of the greenest power generation technologies, second to nuclear
Industry to install nearly 1 TW of new capacity from 2021 to 2030
China to become largest offshore wind O&M market
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