APAC to Invest US$3.3 Trillion in Power Generation Over Next Ten Years: Wood Mackenzie Updated On Fri, Oct 6th, 2023 by Saurenergy Wood Mackenzie, a global research and consultancy group forecasts an investment of US$3.3 trillion in power generation over the next ten years in Asia Pacific, with 49% earmarked for wind and solar, and 12% for energy storage. “The Asia Pacific region is critical to the power sector’s energy transition as it grows to over half […] Read more
Wood Mackenzie: China’s Solar Exports Boom 64% In 2022 Despite Global Trade Tensions Updated On Wed, May 24th, 2023 by Saurenergy A new report from Wood Mackenzie has revealed that solar exports of China grew 64% to $52 billion in 2022 despite global trade tensions. Wood Mackenzie research director Alex Whitworth held that trade tensions have taken a back seat to high power prices driven by the energy crisis, and this is causing consumers and developers […] Read more
IRA to Swell US Renewables Investment to $114 Billion: Wood Mackenzie Updated On Fri, Jan 20th, 2023 by Saurenergy A new report by Wood Mackenzie says that the Inflation Reduction Act (IRA), a Biden law that accelerates renewables and decarbonisation in the US, will significantly boost annual investment into renewable energy deployment in the region. It said that a rise from $64 billion in 2022 to nearly $114 billion is expected by 2031. The […] Read more
GoodWe Listed Among Top 3 Hybrid Inverter Suppliers Globally by Wood Mackenzie Updated On Tue, Aug 23rd, 2022 by Saurenergy GoodWe was listed as one of the top 3 hybrid inverter suppliers globally in 2021, taking around 13% global market share according to data released by, the world’s leading authority on energy research. Since its establishment in 2010, GoodWe told that they have been continuously focusing on PV inverters and energy storage solutions and have […] Read more
US Community Solar Sector Market Forecast To Grow By 2027: Wood Mackenzie Updated On Thu, Aug 4th, 2022 by Saurenergy Wood Mackenzie has revealed in its new research that the American community solar market will continue to grow over the next five years, with at least 7 GWdc of community solar expected to come online between 2022-2027. The research by Wood Mackenzie in collaboration with the Coalition for Community Solar Access (CCSA), has said that […] Read more
500GW of Energy Storage Will Be Globally Available By 2031: Wood Mackenzie Updated On Thu, Jul 28th, 2022 by Saurenergy UK-based data provider Wood Mackenzie has released its Global Energy Storage Outlook today. According to this report, market growth for global energy storage has been uneven, with cumulative storage deployments anticipated to reach 500GW by 2031. Only 159-gigawatt hours (GWh) are projected for the region by 2031, compared to 422 GWh for China and 600 […] Read more
Global Electric Vehicle Sales to Surge in 2020s: Wood Mackenzie Updated On Thu, Feb 13th, 2020 by Saurenergy The electric vehicle sector requires external support to become competitive and while its market share is small, WoodMac expects a decade of growth Despite the electrification movement growing in popularity, Electric Vehicles (EVs) accounted for 3 percent of all vehicle sales and represented only 0.5 percent of all vehicles on the road in 2019. The […] Read more
India May Fall Short of its 100 GW Solar Ambitions: Wood Mackenzie Updated On Fri, Feb 8th, 2019 by Saurenergy India’s installed grid-connected power generation capacity increased 4 percent from January to October 2018 to reach 347 GW. India may fall well short of its 100 GW solar by 2022 target as it faces short-term uncertainty due to the imposition of various taxes, according to research and consultancy firm Wood Mackenzie. Renewables accounted for 9.7 […] Read more
Indian Wind Power Sector to Benefit From US-China Tariff Scuffle : Wood Mackenzie Updated On Thu, Feb 7th, 2019 by Saurenergy The assumption comes from a new report released by global research and consultancy firm Wood Mackenzie. India’s wind energy sector could benefit in the form of new investments as the ongoing tariff scuffle between US and China continues to escalate. The assumption comes from a new report released by global research and consultancy firm Wood […] Read more
