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The Woodmac Weekly Update on Renewable Energy Worldwide

In the third of its weekly updates for the global renewables industry, Wood Mackenzie, the global research firm has shared its report for the week ending April 20. Solar and storage expected to see ~20% coronavirus impact compared to base case. Onshore wind impact is more muted in near-term, but cascading supply chain and construction […]

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Subsidies for Renewables in India Dropped 35% From FY17 to FY19: Report

According to a new study, the renewables subsidies in India fell 35 percent from FY17 to FY19, while its oil and gas subsidies increased by 65 percent. The renewables subsidies in India fell 35 percent from FY17 to FY19, while its oil and gas subsidies increased by 65 percent according to a new study entitled […]

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WoodMac’s Weekly Roundup: Covid-19 Impact on Power, RE Industry Globally

One of the leading research and consultancy group, Wood Mackenzie (WoodMac) has provided its weekly analysis on the impact of coronavirus on the power and renewable energy industry globally. As per the report preliminary findings, solar and storage are expected to see ~20 percent coronavirus impact as compared to the base case. Whereas onshore wind […]

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Lockdown Extension to Have Adverse Impact on EV Sector: SMEV

SMEV has said the lockdown extension is the right move, however, there will be an adverse impact on the operations of its members for the next 1-2 months. The Society of Manufacturers of Electric Vehicles (SMEV) has said that the extension of the lockdown is the right move in the circumstances, however, there will be […]

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Pandemic to Hit Global EV Growth by 43% in 2020

Research firm Wood Mackenzie has released a report where it predicts a 43 percent contraction in the global EV industry by the end of 2020. For a sector that was just building up some serious momentum, the crisis couldn’t have come at a worse time. The big hope now is that government stimulus plans will […]

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The WoodMac Weekly Global Energy Round Up

Wood Mackenzie, the global research and analysis form, has come out with the first of its planned weekly roundups of the impact of the Coronavirus pandemic across the world, especially on global energy markets. With a focus on renewables, EV’s and energy storage, the round up will seek to bring you a snapshot of the […]

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Solar Energy and EV Charging Infrastructure

With the push to move to electric mobility at a national scale, and with the government being very enthusiastic about deployment of electric vehicles, the electronic industry can expect to see a lot of activity around indigenous development and manufacturing. While electric vehicles are being worked upon by major OEMs, an ecosystem for development of […]

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BYD, Toyota Launch Joint Venture to Conduct Battery EV R&D

BYD and Toyota have announced the launch of their JV company to conduct research and development (R&D) of battery electric vehicles (BEVs) BYD Company Ltd and Toyota Motor Corporation have announced that preparations have proceeded since they signed an agreement for the establishment of a joint venture (JV) company to conduct research and development (R&D) […]

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Middle East Renewables Braced for Turbulent Outlook: GlobalData

Recent reports have estimated that global solar demand will slow down for the first time in three decades, with the coronavirus (COVID-19) crisis potentially triggering a drop of between 6 percent and 10 percent in demand in 2020. The downgrade is largely due to strict limitations on movement and commercial activity in China, where the […]

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