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Energy outlook: Oil making a comeback in 2023, says WoodMac
With the global energy crisis still running the show, Wood Mackenzie, an energy intelligence group, has outlined ten predictions for the energy industry in 2023…
Offshore Wind Power
Global Offshore Wind Market to Grow To 330GW by 2030: Report
Woodmac expects 24 countries to have large-scale offshore wind farms.
Demand for Natural Gas on Australia's East Coast Falls
The uptake in renewable energy could see gas demand from Australia’s East Coast decline by around 60% by 2050, depending on the pace of the energy transition, …
3 Key Trends Driving Natural Gas In 2022
Woodmac: Natural gas demand is likely to remain resilient in the short term
Net Zero Emission
Japan’s Unveils 'Ambitious' Plan to Cut Fossil Fuel in Energy Mix to 41%
WoodMac warns that this will have significant ramifications for coal, LNG, and oil demand.
Solar Power Plant
China to Add 619 GW of Solar This Decade
Indonesia will catch the eye too over the next nine years, according to analyst WoodMac, as its market grows from 300 MW to 8.5 GW.
Offshore Wind Power
WoodMac Remains Bullish on Offshore Wind Growth Potential
Equinor's expected 4% to 8% internal rate of return on offshore wind projects in developed markets is reasonable, given strong competition and relatively few pr…
WoodMac: Oil Prices Could Drop To $10 In 2050
Brent Crude oil prices could fall to $10 per barrel by 2050 if the world accelerates the energy transition with decisive action to achieve the Paris Agreement c…
Nuclear Still Critical in Meeting Carbon neutrality goals: WoodMac
This is particularly true for China, Japan, and South Korea.
2020s to be a Decade of Rapid Solar Module Growth: WoodMac
The global solar industry has tremendously grown in the past decade.
WoodMac: Biden Loss Would End Hopes of US Decarbonization by 2050
The stakes are every bit as high as the energy industry and climate change activists say they are.
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.
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…
Wind Turbine Orders Hit £60bn Over 2019, Woodmac Finds
Global wind turbine orders reached almost £60 billion in 2019, according to new research by Wood Mackenzie (Woodmac). The research firm claims that of the £60…
WoodMac: Volkswagen to Become Largest Manufacturer of EVs Before 2030
Tesla will need to launch an entry-level vehicle if it’s going to achieve its own market-share ambitions, according to new WoodMac research.