A new report from Wood Mackenzie provides an integrated view of asset ownership, development, and transactions within offshore wind from a global and regional perspective. Market growth is expected to grow, but with ongoing consolidation in the space. According to the report, ambitious European companies are looking for emerging markets to form partnerships, as well as…

The U.S. energy storage market nearly doubled in 2018 and is expected to double again in 2019. This is according to Wood Mackenzie Power & Renewables and the Energy Storage Association’s (ESA), “U.S. Energy Storage Monitor 2018 Year-in-Review.” The report found that 777 megawatt-hours of grid-connected energy storage were deployed in the U.S. in 2018,…

A total of 50.2 GW of new wind power was added globally in 2018, a 4% increase year-over-year — and the third highest annual total on record. This is according to the Wood Mackenzie Power & Renewables’ Global Wind Power Market Outlook Update: Q1 2019 report. The U.S. wind industry is expected to shift fully into execution…

By the end of 2017, offshore wind had only been deployed commercially across seven markets, with UK and Germany accounting for 68% of the grid-connected capacity. However, according to a recent report from Wood Mackenzie Power and Renewables, global offshore wind power demand will increase almost sixfold over the coming 10 years with projects deployed commercially across…

More than 680 GW of new wind power capacity will come online globally over the 10-year outlook, according to new research by Wood Mackenzie Power & Renewables. Wood Mackenzie recently upgraded its Global Wind Power Market Outlook Update: Q4 2018 by 2% compared to the outlook published in the third quarter. Most upgrades occur in the medium-term,…