Search results for: Wood mackenzie

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A list of search results

  • 4 September 2019
    Business & Finance

    Global wind turbine order intake increased 111% year-on-year, a 13.2GW rise from the previous record set in the fourth quarter of 2018, according to new research by Wood Mackenzie. The Global Wind Turbine Order Analysis: Q3 2019 report writes that developers globally ordered a record 31GW of wind turbine capacity in the second quarter of the year. Demand […]

  • 22 November 2019

    Up to 19GW of new offshore wind capacity is expected to be added in APAC excluding China (APeC) over the next 10 years, according to Wood Mackenzie. According to Wood Mackenzie’s report, the success of future offshore wind in APeC will depend on costs coming down. Currently, the average offshore wind levelized cost of electricity […]

  • 10 December 2018
    Business & Finance, R&D

    Wood Mackenzie has recently upgraded its Global Wind Power Market Outlook Update: Q4 2018 by 2% compared to the outlook published in the third quarter, partly due to favourable developments in emerging offshore wind markets such as South Korea, Japan, and the USA. More than 680GW of new wind power capacity will come online globally […]

  • 14 February 2019
    Business & Finance, R&D

    Japan’s offshore wind capacity is expected to reach 4GW in 2028, a 62-fold increase from 2018, according to a new research by Wood Mackenzie. Wood Mackenzie estimates that Japan will see a power generation shortfall of more than 10GW by 2030, as it struggles to restart 30 nuclear reactors to meet the national nuclear target, and […]

  • 19 June 2019

    Siemens Gamesa and MHI Vestas control the global offshore wind turbine original equipment manufacturer (OEM) sector with more than 60% cumulative share expected by 2023, according to recent research from Wood Mackenzie Power & Renewables. In order to win market share from competitors, GE must focus on commercialising the Haliade-X 12MW-220 wind turbine in forthcoming auctions, […]

  • 2 August 2012

    Analysis from Wood Mackenzie’s metal markets and power research teams reveals that a 12% growth in wind power capacity across Western Europe is increasing copper demand, required for component parts of wind turbines and related infrastructure. Growing pressure from European Union (EU) environmental targets in recent years has resulted in the rapid expansion of wind […]

  • 12 June 2019
    Operations & Maintenance

    The global offshore wind operation and maintenance (O&M) market is expected to grow by 17% annually to EUR 11 billion by 2028, according to new research from Wood Mackenzie Power and Renewables. Europe is the largest contributor with EUR 6.7 billion in value, while the Asia Pacific region is keeping up the pace in O&M […]

  • 13 June 2017
    Business & Finance, R&D, Technology

    Renewables could account for over one-fifth of total capital allocation for the most active oil & gas majors post-2030, according to a report by research and consultancy group Wood Mackenzie.

  • 20 November 2019

    Only 20% of China’s current offshore wind pipeline is expected to be connected to the grid by the end of 2021, mainly due to local supply chain bottlenecks, according to Wood Mackenzie. Wood Mackenzie reports that 45GW of projects have been approved for higher feed-in tariffs (FIT) before 2022, which strengthens the long-term outlook but […]

  • 6 February 2019
    Business & Finance, R&D

    A growing disparity between the turbine megawatt growth and units deployed will impact component suppliers as price pressure percolates down the supply chain, according to a new report by Wood Mackenzie Power & Renewables. The report – Global wind turbine supply chain trends – estimates that global turbine supply chain potential sits at USD 540 […]

  • 19 March 2019

    Explosive growth in the offshore wind sector and aggressive renewables targets in India are expected to drive a ten-year compound annual growth rate (CAGR) of 12.2% in the Asia Pacific region, excluding China, according to a new report by Wood Mackenzie Power & Renewables. “Target compliance in India is likely to bifurcate the next decade’s outlook, […]

  • 29 January 2019
    Business & Finance

    Global offshore wind power demand will increase almost sixfold over the coming 10 years with projects deployed commercially across 18 countries by 2027, according to a recent report from Wood Mackenzie Power and Renewables. The deployment of next-generation turbines will double average turbine ratings globally over the next 10 years and in turn subdue growing demand […]

  • 24 October 2018
    Business & Finance, Jobs & Recruitment, Operations & Maintenance, Ports & Logistics, Technology

    Asia-Pacific’s offshore wind capacity will rise 20-fold to 43GW in 2027 according to new research from global natural resources consultancy Wood Mackenzie.

  • 23 July 2019

    Research and development (R&D) expenses among the world’s top ten wind turbine OEMs are expected to increase to EUR 2.3 billion by 2023, which is a rise of circa 43.7% from the current number, according to a report by Wood Mackenzie Power & Renewables. The Next-Generation Wind Turbine Models report writes that the R&D expenses have more than doubled in […]

  • 10 September 2019
    Business & Finance

    Dutch offshore foundations manufacturer Sif opened a sales office in Tokyo, Japan, on 5 September. Te Roermond-headquartered company said that it has closely followed offshore wind market developments in Japan since 2015 and that it for that purpose teamed up with Japan’s Sato Tekko. The Japanese government has since identified eleven sites with potential for […]

  • 25 January 2019
    Business & Finance

    China National Offshore Oil Corporation (CNOOC) Ltd has entered the offshore wind sector with recent involvement in a project offshore East China’s Jiangsu province. The Chinese company unveiled it entered the project this month, however, details on the size or scope of the development have not been disclosed. Offshore wind aligns with CNOOC’s business due to […]

  • 25 July 2019

    Japanese engineering firm Shimizu Corporation has revealed plans to build a wind farm installation vessel to serve the budding offshore wind market in Japan. The self-elevating platform is designed to handle wind turbines with an individual capacity of 8MW or more, and is said to be the first such vessel to be built in Japan […]

  • 27 March 2019

    Wind turbines rated 8MW or higher comprised more than 40% of offshore order capacity in 2018, with MHI Vestas accounting for 64% of this ratings segment, according to new research by Wood Mackenzie Power & Renewables. The Global Wind Turbine Order Analysis: Q1 2019 report writes that the industry announced almost 8GW of offshore order capacity in 2018, […]

  • 5 August 2020
    Business & Finance

    The U.S. economy could see offshore wind investments reaching USD 17 billion by 2025, USD 108 billion by 2030 and USD 166 billion by 2035, supporting 80,000 jobs annually by 2035. This is according to a new study from Wood Mackenzie, which also found that 28 GW of offshore wind areas could be leased and […]

  • 2 April 2019

    We are bringing you a list of ten of most read news on in the month of March. First UK Offshore Wind Project Retires E.ON is set to decommission the two-turbine Blyth offshore wind project, the first wind farm built in UK waters. The work is expected to begin this month and take place for […]

  • 15 September 2013

    Offshore Energy  Exhibition and Conference 2014 will be held on 28 & 29 October 2014 at the Amsterdam RAI, the Netherlands. 2014 brings the 7th edition of Offshore Energy. Offshore Energy is the fastest growing gathering of offshore industry professionals. Founded in 2008 with 70 exhibitors and 1,765 visitors, Offshore Energy has been breaking records […]

  • 5 March 2019
    Business & Finance

    Offshore wind is well positioned to play a major role in the long term UK energy mix even in the case of hard Brexit, according to a joint report by Wood Mackenzie and Verisk Maplecroft. With more than 19GW of new capacity forecast by 2028, a hard Brexit is expected to have limited impact on this […]

  • 9 March 2020
    Industry Contribution

    The US is expecting to create a whole manufacturing industry which will grow on the back of investments, contracts, manufacturing, jobs and services, for the OW sector. Written by Julian Jackson for New Energy Update by Reuters Events How Likely Is This? In the longer term it is obvious that having significant manufacturing capacity in coastal US […]

  • 15 May 2015
    Authorities, Grid Connection

    Scottish MSP representing the Highlands and Islands, Mike MacKenzie, has written to the new UK Energy Secretary, Amber Rudd, calling for an urgent review into island interconnectors for Orkney, Shetland and Westerns Isles to keep Scotland’s leading position in marine renewable energy.  “We are ten years ahead of the rest of the world in wave and tidal power research and […]

  • 28 May 2012

    Companies involved in Scottish energy sector have claimed their discontent about islands-based renewables projects getting connection to the national grid. As the Scotsman news portal informs, ScottishPower, SSE and the National Grid representatives were among a group of witnesses at Holyrood’s energy committee, at an evidence session on the Scottish Government’s renewable energy targets. Concerns […]

  • 27 July 2012
    Authorities, Business & Finance

    Business links between Norfolk and the Netherlands were strengthened during a recent visit to the county by the Dutch Ambassador to the UK. Among topics discussed was a proposal for an EU-funded Knowledge and Innovation Community in Food, strengthening the existing links between the Institute of Food Research on Norwich Research Park and Wageningen University […]