WoodMac

US Residential Storage Market Sees Record Growth in Q2 2019

A new analysis has revealed that a record 35 MW of residential storage was deployed in the US in Q2 of 2019, more than in any other quarter on record A new analysis has revealed that a record 35 megawatts (MW) of residential storage was deployed in the US in the second quarter (Q2) of […]

Read more

65 GW of European Onshore Turbines Need Upgrade or Replacement by 2028

A new report has revealed that 65 GW of European onshore wind turbines will reach end-of-design-life by 2028 and will be needing upgrades or replacement A new report has revealed that 65 GW of European onshore wind turbines will reach end-of-design-life by 2028. From 2019 to 2028, an average of 4 GW of turbines per […]

Read more

Global Wind Capacity to Grow 780 GW by 2028, Consume 5.5 Mt of Copper

A new analysis has predicted that over 780 GW of wind capacity will be installed by 2028 and this will consume in excess of 5.5 million tonnes of copper A new analysis has predicted that over 650 GW of new onshore and 130 GW of new offshore wind capacity will be installed between 2018 and […]

Read more

Up to 85 GW of RE Demand Exists Within US Corporates Through 2030

According to a new report, up to 85 GW of renewable energy demand exists within the largest US companies through 2030 According to a new report from Wood Mackenzie and the American Wind Energy Association (AWEA) on the ‘Commercial and Industrial Wind Energy Demand in the United States’, Wood Mackenzie estimates that up to 85 […]

Read more

Cost of Renewables in China to Match Coal Power by 2026: Report

According to new research, the cost of renewables is already cheaper than gas-fired power in China, and will match and better coal power by 2026 As China moves towards a subsidy-free era for wind and solar projects beginning in 2021, the economics of renewable power have come into the spotlight. According to new research China provincial […]

Read more

Resiliency to Drive US Microgrid Growth: WoodMac

A new report has predicted that the US microgrid industry may find substantial future growth in areas that are repeatedly affected by power outages, as customers seek out resiliency solutions. The U.S. microgrid industry may find opportunities for substantial future growth in geographical areas that are repeatedly affected by power outages, as customers seek out […]

Read more

Global Wind Capacity to Grow by 60% Over Next 5 Years

Global wind power capacity additions are expected to sit at an annual average of 71 GW from 2019-2023 and 76 GW from 2024-2028, according to a new analysis. Global wind power capacity additions are expected to sit at an annual average of 71 GW from 2019-2023 and 76 GW from 2024-2028, according to a new […]

Read more

China to Become Largest Energy Storage Market in APAC by 2024

A new analysis has revealed that China will become the largest energy storage market in the Asia Pacific (APAC) by 2024. Consultancy and rating agency Wood Mackenzie has revealed that the cumulative energy storage capacity in China is projected to skyrocket from 489 megawatts (MW) or 843 megawatt-hours (MWh) in 2017 to 12.5 gigawatts (GW) […]

Read more

A 100% Renewable US Power Grid Could Cost $4.5 Trillion

According to a new analysis, the transition to a 100% renewable US power grid will need an investment of up to US$4.5 trillion over the next 10 to 20 years. A new analysis has revealed that the transition to a 100 percent renewable US power grid will need an investment of up to US$ 4.5 […]

Read more
      SUBSCRIBE NEWS LETTER
Scroll