PV Module Innovations to Help Drive Down Solar Costs in 2020s: WoodMac Updated On Fri, Oct 23rd, 2020 by Saurenergy In the 2020s, improvement in module efficiency and power class will propel the declining capex trend-forward and ultimately lower the solar LCOE The global solar industry has experienced tremendous growth in the past decade as the annual demand for solar rose year after year while the cost of solar declined significantly. In the 2020s, solar […] Read more
Over 17 GW of Wind Turbine Capacity Ordered Globally in Q2 2020: WoodMac Updated On Fri, Oct 16th, 2020 by Saurenergy The second quarter of 2020 (Q2) saw more than 17 GW of wind turbine capacity ordered globally, according to a new analysis from Wood Mackenzie. The second quarter of 2020 (Q2) saw more than 17 GW of wind turbine capacity ordered globally. This equates to an estimated USD 16 billion, according to a new analysis […] Read more
Global Energy Storage Capacity to Reach 741 GWh by 2030: WoodMac Updated On Thu, Oct 1st, 2020 by Saurenergy A new report by Wood Mackenzie’s has estimated that the global energy storage capacity additions could grow to reach 741 GWh of cumulative capacity by 2030. A new report by research agency Wood Mackenzie’s has estimated that the global energy storage capacity additions could grow at a compound annual growth rate (CAGR) of 31 percent, […] Read more
Wind Sector in Southeast Asia Needs $14 Bn in Investments by 2030: WoodMac Updated On Tue, Sep 22nd, 2020 by Saurenergy According to a new analysis, the wind power sector in Southeast Asia requires at least USD 14 billion of investments by 2030. According to a new analysis, the wind power sector in Southeast Asia requires at least USD 14 billion of investments by 2030. This is to support the 8.9 gigawatts (GW) of new wind power capacity […] Read more
APAC Power Sector Could Attract $1.5 Tn in Investments by 2030: WoodMac Updated On Mon, Sep 14th, 2020 by Saurenergy A new report shows that the power generation sector in APAC could attract USD 1.5 trillion worth of investments over the decade ending 2030. The latest report by research agency Wood Mackenzie shows that the power generation sector in the Asia Pacific (APAC) could attract USD 1.5 trillion worth of investments over the decade ending […] Read more
US Energy Storage Market Sets Record for Deployments in Q2: WoodMac Updated On Fri, Sep 4th, 2020 by Saurenergy The US energy storage sector saw its strongest Q2 on record for deployments, according to Wood Mackenzie and the US ESA’s latest report The United States energy storage sector saw its strongest second quarter on record for deployments. According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest ‘US Energy Storage Monitor’ report, […] Read more
Using RE to Power LNG Plants Could Reduce Emissions by 8% in APAC: WoodMac Updated On Mon, Aug 17th, 2020 by Saurenergy Using RE to power LNG plants in Asia Pacific (APAC) could reduce emissions by about 8 percent, according to an analysis by Wood Mackenzie. Using renewable energy (RE) to power liquefied natural gas (LNG) plants in Asia Pacific (APAC) could reduce emissions by about 8 percent, according to an analysis by Wood Mackenzie. Asia Pacific […] Read more
Electric Truck Sales to Increase Exponentially by 2025: WoodMac Updated On Tue, Aug 11th, 2020 by Saurenergy There were just over 2000 electric trucks on US roads at the end of 2019. This stock is expected to grow to over 54,000 by 2025, according to Wood Mackenzie There were just over 2,000 electric trucks on US roads at the end of 2019. This stock is expected to grow to over 54,000 by […] Read more
Smoother Processes for Offshore Wind Leasing in the US Will Unlock Billions: WoodMac Updated On Fri, Aug 7th, 2020 by Saurenergy Wood Mackenzie believes that the offshore wind market could move even faster in the US with smoother processes in place for leasing and permitting. Offshore wind in the United States is growing by leaps and bounds. And the WoodMac base scenario for the US offshore wind market sees 25 gigawatts of capacity getting built by […] Read more
