Vestas Promises to Be Completely Carbon-Free by 2030

Vestas Promises to Be Completely Carbon-Free by 2030

Wood Mackenzie expects Vestas to maintain its lead in the consolidating global wind turbine industry for the foreseeable future, with nearly 15 gigawatts of new installations in 2020.

SOLAR: Industry warned of tariff 'devastation.' That didn't happen

SOLAR: Industry warned of tariff 'devastation.' That didn't happen

"The actual impact from the tariffs is a lot less than anyone originally predicted," said Michelle Davis, a solar analyst at Wood Mackenzie Power & Renewables, which co-produced the report.

Does Australia Have Too Much Rooftop Solar?

Does Australia Have Too Much Rooftop Solar?

Late last month, Ben Kellison, Wood Mackenzie's head of grid edge research, sat down with Chloe Munro, former chair of the Australian Clean Energy Regulator, and Phil Blythe, founder and CEO of GreenSync, for a discussion on Australia's rapidly evolving power market.

BP Names Next CEO as Zero-Carbon Era Looms

BP Names Next CEO as Zero-Carbon Era Looms

One obvious way to deliver more energy with less carbon, Looney said, is "more renewables and gas, pushing coal out of power.".NextEra Energy, already the largest owner of wind and solar capacity in the U.S., now tops the list as the world's largest solar asset owner outside China, according to a new ranking from Wood Mackenzie.

China offshore wind agreement part of ‘strong year’ for Equinor, Woodmac says

China offshore wind agreement part of ‘strong year’ for Equinor, Woodmac says

The announcement of an offshore wind agreement between CPIH (China Power International Holding) and Equinor is part of a year that is “shaping up” to be the energy firm’s best, according to Wood MacKenzie (Woodmac).

Watch the Live Broadcast From Blockchain in Energy Forum 2019

Watch the Live Broadcast From Blockchain in Energy Forum 2019

Jesse Morris, Chief Commercial Officer, Energy Web Foundation (EWF) Moderator: Elta Kolo, Ph. D., Research Manager, Grid Edge, Wood Mackenzie Power & Renewables 11:15 a.m.-12:00 p.m. Panel: Strategizing Blockchain Adoption and Scalability - Utility Perspectives on Moving from Proof of Concept to Pilot.

Energy Storage Developer Buy Texas Windfarms With Major Battery Retrofit Planned

Energy Storage Developer Buy Texas Windfarms With Major Battery Retrofit Planned

Dan Finn-Foley, head of energy storage at research firm Wood Mackenzie Power & Renewables says there is also importance in GlidePath targeting wind assets.

The Energy Transition in 4 Charts

The Energy Transition in 4 Charts

WoodMac's analysts modeled a few different emissions scenarios in their latest Energy Transition Outlook.Source: Wood Mackenzie's Global Solar Market Outlook Update, Q2 2019.Source: Wood Mackenzie's Global Energy Storage Outlook 2019.

Key to Those Record-Low Solar Bids? Rosy Merchant Income Assumptions

Key to Those Record-Low Solar Bids? Rosy Merchant Income Assumptions

Such prices are not reflective of the true levelized cost of energy for utility-scale solar in Portugal, said Tom Heggarty, senior analyst at Wood Mackenzie Power & Renewables.

Watch Northeast Solar & Storage Forum Right Here on July 30

Watch Northeast Solar & Storage Forum Right Here on July 30

Kathryn Chelminski, Ph. D., Senior Manager, New Market Development, Solar PV, Ameresco John Nordeman, President, Safari Energy Kaitlin Kelly, Manager, Solar Programs, Massachusetts Department of Energy Resources Eric Macaux, Member, Project Development & Finance Practice, Mintz Moderator: Austin Perea, Senior Analyst, Wood Mackenzie Power & Renewables.

Global solar to smash goalposts with 2019, 2020 record roll-out

Global solar to smash goalposts with 2019, 2020 record roll-out

Global solar will install a record 126.7GW in 2020 but flatline around that figure between that year and 2024, WoodMac said (Credit: Wood Mackenzie). Wood Mackenzie expects global solar to again smash its own roll-out records in 2020, installing 126.7GW.

Dividend Finance Enters Solar Loan Partnership With KeyBank

Dividend Finance Enters Solar Loan Partnership With KeyBank

The deal, involving a large bank and the solar loan provider ranked third in the nation by Wood Mackenzie Power & Renewables, is part of a growing trend highlighted by market analysts: more residential solar lenders originating loans on behalf of financial institutions like banks and credit unions.

Tennessee Valley Authority Plans for Up to 14GW of Solar by 2038

Tennessee Valley Authority Plans for Up to 14GW of Solar by 2038

In simple terms, it indicates that TVA, like utilities across the country, is preparing for the shift from fossil fuels and toward carbon-free energy as a primary generation resource, while taking steps to manage the resulting grid reliability and resiliency challenges, Colin Smith, senior solar analyst with Wood Mackenzie Power & Renewables, said in a Tuesday interview.

A Look at the Shifting Landscape for C&I Solar

A Look at the Shifting Landscape for C&I Solar

According to numbers from Bloomberg New Energy Finance, 86 percent of global corporate renewables deals were signed in the last three years. Numbers from Wood Mackenzie Power & Renewables show corporate solar deals drove nearly a quarter of the overall 2018 solar market.

Watch Grid Edge Innovation Summit 2019 Right Here on June 18 & 19

Watch Grid Edge Innovation Summit 2019 Right Here on June 18 & 19

Willa Hightower, Director of Strategic Planning, Exelon Utilities Alex Rojas, Director, Distributed Technologies, Ameren Services Company Manish Rukadikar, Manager - Business Planning and Development, DTE Energy Moderator: Elta Kolo, Ph. D., Research Manager, Grid Edge, Wood Mackenzie Power & Renewables Wednesday, June 19, 2019 (all times PT).

Global Offshore Wind O&M Spend to Exceed $12 Billion by 2028

Global Offshore Wind O&M Spend to Exceed $12 Billion by 2028

“We expect average opex across Europe to drop by 57 percent between 2019 and 2028, mainly driven by larger turbine ratings, improved turbine reliability and economies of scale in service (due to larger-scale projects), new service practices and clustering opportunities," said Shimeng Yang, report lead and senior offshore wind analyst with Wood Mackenzie.

Chinese Firms Could Rule Offshore Wind Market Without Ever Leaving Home

Chinese Firms Could Rule Offshore Wind Market Without Ever Leaving Home

The potential size of China's surging offshore wind market means that, despite having less advanced technology than their Western peers, Chinese original equipment manufacturers could lead the global offshore wind order rankings in years to come, said Luke Lewandowski, director at Wood Mackenzie Power & Renewables.

As Coal Retires in PJM, Why Aren’t Renewables Filling the Vacuum?

As Coal Retires in PJM, Why Aren’t Renewables Filling the Vacuum?

Over the last several years, 29 gigawatts of retiring coal plants in PJM have been replaced with 23 gigawatts of natural gas, according to a recent Wood Mackenzie Power & Renewables webinar.

WoodMac: Energy storage will move toward value stacking as industry matures

WoodMac: Energy storage will move toward value stacking as industry matures

Dive Brief: Value stacking, or revenue stacking, is expected to play an increasingly important role in energy storage's future, with industry stakeholders currently determining the best ways to monetize the various use-case applications of storage, a Wood Mackenzie energy storage analyst said Thursday.

Watch Solar Summit 2019 Right Here on May 14-15

Watch Solar Summit 2019 Right Here on May 14-15

Kenneth Labeja, Director, Business Development, Avangrid Scott Moskowitz, Director of Strategy and Market Intelligence, Hanwha Q CELLS America Phil Robinson, Director of Solar Project Structuring, Constellation Energy Moderator: Michelle Davis, Senior Analyst, Solar, Wood Mackenzie Power & Renewables 12:05 p.m.-12:35 p.m. Research Presentation: 2019 State Policy Compass.

As Solar Loans Start to Dominate, Loan Providers See Increasing Value in Installer Networks

As Solar Loans Start to Dominate, Loan Providers See Increasing Value in Installer Networks

A new residential solar finance report from Wood Mackenzie Power & Renewables found that Mosaic maintained its position as the top solar loan provider last year, claiming a quarter of the loan market.

US Surpasses 2 Million Solar Installations as Industry Looks to ‘Dominate’ the 2020s

US Surpasses 2 Million Solar Installations as Industry Looks to ‘Dominate’ the 2020s

“The residential sector has become much more diverse in terms of actual companies involved over the last three years,” said Michelle Davis, senior solar analyst at Wood Mackenzie Power & Renewables.

China Poised to Dominate EV Battery Manufacturing

China Poised to Dominate EV Battery Manufacturing

China currently owns a majority of global lithium-ion battery production, with more than 60 percent of global manufacturing capacity today, according to Wood Mackenzie. The key driver of China’s battery manufacturing ramp-up has been the generous subsidies offered by the Chinese government solely to domestic vendors.

Spruce Finance Gets Second Act as Owner and Operator of Home Solar Assets

Spruce Finance Gets Second Act as Owner and Operator of Home Solar Assets

Allison Mond, a senior solar analyst at Wood Mackenzie Power & Renewables, said the financing deal announced this week again demonstrates that more investors are interested in solar as an asset class.

The Top Five Inverter Players Saw Their Market Share Slip by 6% Last Year

The Top Five Inverter Players Saw Their Market Share Slip by 6% Last Year

Although the top five players lost market share, vendors 6 through 10 made gains, increasing their share of the global market from 15 percent to 19 percent, according to a new report from Wood Mackenzie Power & Renewables.

How the US Solar Industry Will Weather the ITC Phasedown

How the US Solar Industry Will Weather the ITC Phasedown

“Despite the fact that we’re now in a world where there are tariffs in place on solar modules, and the Investment Tax Credit (ITC) that helped bolster the industry in its early days is now stepping down, the future actually looks quite bright,” said Wood Mackenzie Power & Renewables Senior Analyst Colin Smith on a webinar this week (available to watch for free here).

The Solar Singularity: 2019 Update (Part 1)

The Solar Singularity: 2019 Update (Part 1)

Looking domestically, U.S. solar installations continued at a healthy pace but a bit lower than in 2017, adding 10.6 gigawatts, according to the SEIA/Wood Mackenzie U.S. Solar Insight Year in Review for 2018, translating into a 20.4 percent annual growth rate.

Infrastructure Fund Buys Community Solar Developer Clean Energy Collective

Infrastructure Fund Buys Community Solar Developer Clean Energy Collective

Michelle Davis, senior solar analyst at Wood Mackenzie Power & Renewables, said the acquisition reinforces the trend of infrastructure funds and other institutional capital investing in solar.

The Challenging Path Forward for Western Turbine OEMs in China

The Challenging Path Forward for Western Turbine OEMs in China

News came recently that three western wind turbine manufacturers, namely GE, Siemens Gamesa and Vestas, failed to take a single bite of the 6-gigawatt auction for wind power in Ulanqab, Inner Mongolia. Western turbine OEMs in the Chinese market are faced with growing challenges, according to new research from Wood Mackenzie Power and Renewables.

US Volt/VAR Market to Peak in the Late 2020s

US Volt/VAR Market to Peak in the Late 2020s

The advanced volt/VAR control (VVC) market in the United States grew by 39 percent from 2014-2018, and currently totals half a billion dollars. More detail on the Wood Mackenzie Power & Renewables report 'Advanced volt/VAR control and optimization 2019-2028: US regulation, adoption and market forecast' can be found in the report brochure.