China to hold over 80% of global solar manufacturing capacity from 2023-26

Despite local manufacturing policies in overseas markets, China’s expansion will dominate global solar supply chain, and widen the technology and cost gap

Volatility expected in metals markets as they adapt to accelerated energy transition pressures

Investment in new metal supply totalling $200 bn is essential to meet demand

Global wind power cumulative installed capacity to hit 2.38TW in 2032

10-year CAGR projected at 10.1%, short-term growth challenges persist

US renewables annual capacity additions to nearly triple in 10 years

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

H1 global wind turbine orders hit new high at 69.5 GW

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

South American onshore wind power to expand 122% through 2032

41+ GW of new onshore wind projects to be added in 10 years, Brazil to lead activity boosted by direct offtake

U.S. and Japan will struggle to hit ambitious hydrogen targets

Continued high production costs and lack of infrastructure will test recently published strategies from both countries

Global hydrogen pipeline plummets in Q4, with only 1Mtpa of new projects announced

Counterbalanced by record electrolyser manufacturing announcements totaling 45GWe

Renewable power competitiveness in Asia Pacific worsened in 2022

China the exception – with offshore wind set to undercut coal power by 2025

US climate bill to boost domestic annual renewables investment to nearly US$114 billion by 2031

The IRA set to reshape US renewables supply chain

Latin America offshore wind to see 34 GW of installed capacity by 2050

Activity will be driven by off-grid green hydrogen projects, with Brazil and Colombia leading the way

Global wind turbine order intake breaks record in Q2

Wind market sees 43 GW in global orders in Q2 2022, with China procuring 35 GW

How the energy transition can reduce the risk of future shocks

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).

Energy transition may shave 2% off global GDP by 2050

Report sees short-term net-zero pain for longer-term gain

Renewable power in Asia Pacific gains competitiveness amidst cost inflation

Energy crisis highlights challenges of rising costs and decarbonisation of power sector

Sweden could become a pioneer in green steel production

Sweden has shown it has potential to become a pioneer in green steel production, says Wood Mackenzie, a Verisk business.

Global installed wind power capacity set to grow by 9% to 2030

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.

Can the US rise to meet the net-zero emissions challenge?

Biden unveils ambitious goal to repower America, but hurdles may short-circuit plan

Corporate renewable PPAs playing bigger role in decarbonising Asia Pacific

Only 10% of region's RE100 companies have signed corporate PPAs

Firth of Forth net-zero hub key to achieving climate goals

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).

New global wind power life cycle emissions to reach 55 Mt CO2 from 2020-2050

Wind power is one of the greenest power generation technologies, second to nuclear

Global wind power installations hit record levels in 2020

Industry to install nearly 1 TW of new capacity from 2021 to 2030

Global offshore wind O&M market to grow 16% annually to US$12 billion by 2029

China to become largest offshore wind O&M market

Significant increase in carbon pricing is key in 1.5-degree world

Carbon removal could become a trillion-dollar industry

Europe needs to change course to hit 2030 emissions target

Dramatic acceleration in pace of energy transition needed to hit climate goal