The world is on course to sail past the recognized “safe” level of 2 degrees Celsius of warming to as much as 3 degrees Celsius, according to the latest Wood Mackenzie Energy Transition Outlook. The Paris Agreement aims to limit warming to “well below 2 degrees Celsius” and ideally toContinue Reading
The renewable-energy business is expected to keep growing, though more slowly, in contrast to fossil fuel companies, which have been hammered by low oil and gas prices. Renewable energy sources are set to account for nearly 21 percent of the electricity the United States uses for the first time thisContinue Reading
According to research firm Wood Mackenzie Power & Renewables, the potential size of China’s offshore wind market will give domestic manufacturers the opportunity to lead global offshore wind order rankings in years to come. Specifically, with China expected to install around 40 GW in the next 10 years — onlyContinue Reading
Rapid technology developments have been a large driver of elevating wind to a competitive source of power generation globally. The new technology investments are focusing on building bigger and better wind turbines. According to the latest edition of the Global Wind Turbine Technology Trends report, published by Wood Mackenzie Power & Renewables, rapid innovationsContinue Reading
European utilities have began investing in the region’s relatively new energy storage market over the past two years according to the latest report from Wood Mackenzie Power & Renewables. The key message from the report is that, while there is a building shift towards investing in and developing energy storageContinue Reading
