Wood

Market Analysis

Europe's Wind & Solar Installations Will Need Grid Flexibility to Succeed:WoodMac

And the success of Europe's transition to net-zero emissions will hinge on the flexibility of its power system.

Energy Transition

Australia Looks to Big Oil in Latest Plan to Curb Emissions

Australia is seeking to cut emissions in one of the world’s biggest per-capita polluters by encouraging oil firms including Chevron Corp. and Woodside Petroleu…

Solar Power Plant

EDPR Executes PPA with RCEA for 100MW Solar Park in California, US

EDP Renewables has signed a 15-year power purchase agreement with Redwood Coast Energy Authority for its 100MW Sandrini Sol 1 Solar Park in Kern County, Califor…

Oil Price

Australia's Woodside Sees Low Oil Prices into 2021

Australian independent Woodside Petroleum expects low oil prices to persist for the rest of 2020 and into next year.

Wind Power Project

Wood Secures Onshore Wind EPC Contracts in the US

Global engineering and consulting company Wood has been awarded several engineering, procurement and construction onshore wind contracts in the US.

Nuclear Power Plant

Magwood Outlines Nuclear Energy Agency's Response to Pandemic

The OECD Nuclear Energy Agency (OECD/NEA) is supporting its members as they adjust to the environment created by the COVID-19 crisis and establishing a means fo…

Market Analysis

Wood Mackenzie Lowers Global Solar Demand Forecast on COVID-19 Impact

Recently, IHS Markit said it expected global installs to decline 16% to 105GW in 2020, compared to around 125GW installed in 2019.

Solar Company

WoodMac Expects 106 GW of Newly Deployed Solar This Year

As Chinese PV manufacturers are now on the way to fully utilizing their production capacities, it is becoming increasingly clear how much coronavirus containmen…

Woodside Joins Japanese Consortium to Study Exporting Hydrogen

Australian LNG producer Woodside Energy has joined a consortium of Japanese companies to explore exporting carbon-neutral hydrogen.

Carbon capture

Large-Scale Carbon Capture Project Announced for Natural Gas Power Plant

Starwood energy will invest in the development of a large carbon capture facility for an existing natural gas power plant.

Energy Storage Battery

Energy Storage Growth Derailed by Coronavirus: Wood Mackenzie

Energy storage deployment could drop by 19%.

Solar Company

Aussie Solar Project of 200 MW Gets Go-Ahead

​The 200-MW Raywood Solar Farm project with some battery storage capacity in Victoria, Australia, has been given the thumbs up by Loddon Shire Council, local m…

Oil & Gas Trade

Australia's Woodside Slashes $2 bln in Spending, Delays Key Gas Projects

Woodside Petroleum has halved its 2020 spending forecast and delayed the start of two of its biggest gas projects.

Wind Power in China

Coronavirus'a Crisis Unlike Anything the Market has Even Seen for Wind Sector

The wind power industry is facing “a crisis unlike anything it’s ever seen” as the coronavirus pandemic impacts markets and production around the world, said…

Electric Vehicle Charging

UK Budget - £500 million to support rapid electric vehicle charging hubs

Following today's UK Budget promise of £500m for car charging hubs, Wood Mackenzie Research Director, commented: "Wood Mackenzie expects 1.5% of all passenger …