• News Release

  Decisive action needed to achieve net zero by 2050, as world is currently on path for 2.5 ˚C to 3 ˚C global warming

  • 29 10月 2024

  A string of global shocks has likely put 2030 emissions reduction targets out of reach. But with decisive action, there is still time to reach net zero emissions by 2050, according to Wood Mackenzie’s ‘Energy Transition Outlook’ report, a milestone assessment of the global journey towards a lower carbon future.

• News Release

  Wood Mackenzie appoints new Chief Financial Officer

  • 06 1月 2025

  Wood Mackenzie, Inc., the leading global data and analytics business empowering the energy transition, has appointed Garet Guthrie as Chief Financial Officer (CFO), effective January 6, 2025. Mr. Guthrie succeeds Simon Crowe, who is stepping down to pursue other opportunities. Mr. Crowe will work with Mr. Guthrie to transition over responsibilities over the next few weeks

• News Release

  CO2 utilisation potential as key global decarbonization tool limited by current economics

  • 26 8月 2024

  Carbon Capture Utilisation and Storage (CCUS) is a crucial element in global decarbonisation, but current economics limit CO2 utilisation deployment as high costs and insufficient subsidies hinder the market, according to a recent report from Wood Mackenzie.

• News Release

  Top ten solar PV module manufacturers show resilience in H1 2024 despite facing significant headwinds, Wood Mackenzie says

  • 23 1月 2025

  solar ranking

• News Release

  Record year for Chinese overseas power projects: 24 GW installed in Belt & Road countries

  • 27 1月 2025

  Chinese companies have made a significant milestone in their overseas power development, installing a record 24 gigawatts (GW) of capacity in Belt & Road (B&R) countries in 2024, according to a new report from Wood Mackenzie. This record number marks a doubling of the capacity installed in 2023 a...

• News Release

  India needs US$4.3 billion government support to enable CCUS adoption

  • 06 3月 2025

  India needs US$4.3 billion government support to enable CCUS adoption The country to account for close to 15% of Asia Pacific’s CCUS capacity by 2050

• News Release

  US wind market installations hit a decade low

  • 08 4月 2025

  The U.S. wind market continued a downward trend in 2024, with 5.2 gigawatts (GW) of total installations, the lowest in 10 years, according to the U.S. Wind Energy Monitor report released by Wood Mackenzie. The report shows that 3.9 GW of onshore builds came online last year, along with 1.3 GW of onshore repowers and 101 megawatts (MW) of installed offshore capacity.

• News Release

  China's steel industry at critical crossroads of overcapacity and green transition

  • 03 4月 2025

  The China steel sector is currently dealing with an overcapacity of more than 50 million tonnes (Mt), a figure that is projected to rise to 250 Mt over the next decade, according to a new report by Wood Mackenzie. Construction's share of steel demand will decline from its peak of 60% to 48% over the next decade. Housing's share of steel demand is expected to decrease from 40% in 2020 to 23% in the long-term. Energy transition sectors, including wind energy, solar energy, and electric vehicles, are projected to account for 10% of steel demand by 2030

• News Release

  Copper production to become a growth driver in 2025 as capital allocation strategies diverge in mining

  • 02 4月 2025

  Greenfield copper projects start to offer the most attractive returns for capital investment Wood Mackenzie's latest analysis shows a significant shift in capital allocation strategies within the mining sector, as production growth has become a primary focus amid increasing competition for capital investment. According to Wood Mackenzie’s Metals and Mining Corporate analysis, three key factors are driving this shift: Increasing non-discretionary capital expenditure requirements Continued need for robust balance sheets to weather potential market volatility Growing focus on copper for both growth and diversification strategies

• News Release

  European renewable PPA market sees 19GW of new capacity contracted in 2024

  • 15 4月 2025

  The European renewable energy Power Purchase Agreement (PPA) market demonstrated strong recovery in 2024, with nearly 19 gigawatts (GW) of new capacity contracted, according to the latest Europe Renewables PPA Tracker report released by Wood Mackenzie. The report highlights a surge in PPA activity, with Spain and Germany leading the market, accounting for 30% of total capacity. Solar PV and wind projects represented approximately 80% of contracted capacity, with each technology contributing similar volumes. Poland, the UK and Greece entered the top five across all deal types (corporate, route-to-market and utility).

• News Release

  India's new carbon market methodologies set offset landscape

  • 17 4月 2025

  India's recent approval of eight methodologies for its domestic voluntary carbon market is set to revitalise the national carbon offset landscape, according to Wood Mackenzie. The Carbon Credit Trading Scheme (CCTS) introduces a framework that could significantly impact carbon credit prices, quality, and trading patterns in the country.

• News Release

  US energy dominance faces long-term challenges

  • 17 4月 2025

  While the United States currently dominates global oil and gas production, it faces significant challenges to maintaining the same level of leadership in the coming decades, according to the latest Horizons report from Wood Mackenzie.

• News Release

  The oil industry nervously stands by: Tariff uncertainty and price volatility are threats to supply, investment and the service sector

  • 23 4月 2025

  The global oil industry has been bracing for a crisis since oil prices fell below US$60 per barrel (/bbl), a level unseen since 2021. Producers are preparing for potential further declines, with investment in the US Lower 48 tight oil sector particularly responsive.

• News Release

  In 2025, Up to 3.5 Mcmd in play as spot gas market challenges firm contracts in Brazil

  • 30 4月 2025

  Brazil's Local Distribution Company (LDC) market dynamics are set for significant changes in 2025, with a notable shift towards spot market transactions, according to a recent report from Wood Mackenzie.

• News Release

  Middle East and North Africa solar manufacturing capacity to reach 44 GW by 2029, driven by vertically integrated strategy

  • 07 5月 2025

  Solar manufacturing in the Middle East and North Africa (MENA) region is projected to reach 44 gigawatts (GW) by 2029, with installations in the region expected to exceed 140 gigawatts direct current (GWdc) by 2030, according to new analysis from Wood Mackenzie. “MENA’s vertically integrated, cost-competitive approach, underpinned by the latest technologies, sets it apart from fragmented strategies seen in markets like the United States, India, and Southeast Asia,” said Yana Hryshko, senior analyst and head of global solar supply chain research at Wood Mackenzie.

• News Release

  Key renewable energy takes away from Australia’s federal election

  • 15 5月 2025

  Australia's re-elected Labor government has renewed its commitment to accelerating the energy transition following the 2025 federal election. The administration has pledged to uphold its ambitious renewable energy targets while introducing new policies to increase energy storage capacity and advance critical mineral development.

• News Release

  Proposed US House budget reconciliation bill poses many challenges to renewable energy industry

  • 15 5月 2025

  Solar, wind, and energy storage forecasts potentially downgraded, while 95% of announced green hydrogen projects are at risk.

• News Release

  Indonesia faces potential gas supply shortfall, Wood Mackenzie warns

  • 21 5月 2025

  Indonesia, Southeast Asia's largest gas market, may face domestic gas supply shortfalls in the coming years, according to Wood Mackenzie's latest analysis.

• News Release

  Global energy landscape: how three tariff scenarios reshape the future

  • 27 5月 2025

  A new report from Wood Mackenzie, "Trading cases: Tariff scenarios for taxing times", presents three distinct futures for the global energy landscape.

• News Release

  Australia's East Coast gas market faces complex challenges with no easy solutions

  • 27 5月 2025

  Australia’s East Coast gas market is on a path toward a structural shortfall, according to Wood Mackenzie. The article, ‘Dare to be bold: Australia’s East Coast gas market’, highlights intensifying supply shortfalls and warns that without decisive action, Australia faces a future of chronic gas shortages, particularly during winter months. According to Wood Mackenzie, gas demand on the East Coast remains resilient, but new supply is not keeping pace. A combination of declining exploration activity, delayed investments, and an increasingly complex policy environment has undermined market confidence.

• News Release

  US adds 8.6 GW of new solar module manufacturing capacity, one of the strongest quarters of growth in its history

  • 09 6月 2025

  House-passed federal tax legislation threatens to undercut the solar industry, which is the primary source of new US electricity generation and is delivering a historic boom in domestic manufacturing.

• News Release

  Norway to earn over US$200 billion from oil and gas sector in 2023

  • 16 1月 2023

  Norway’s oil and gas operations in the North Sea will continue to churn out cash as the Scandinavian country maintains high production to help support Europe’s energy crisis according to a report by Wood Mackenzie.

• News Release

  Q3 U.S. grid-scale energy storage market sets new record

  • 15 12月 2022

  The U.S. energy storage market grid-scale segment installed a record 4,733 megawatt-hours (MWh) in the third quarter of 2022, surpassing the previous quarterly high of 4,598 MWh in Q1 of 2021, according to a new report released today. On a single charge, this amount of battery storage could power over 150,000 U.S. homes for a day.

• News Release

  Long-duration energy storage projects attract more than US $58 billion investment over last three years

  • 07 12月 2022

  Long-duration storage energy (LDES) projects around the world have attracted more than US $58 billion in commitments made by governments and companies since 2019. If all these projects went forward, it would lead to the installation of 57 gigawatts (GW) of LDES – the equivalent of three times the global energy-storage capacity deployed in 2022, according to analysis from Wood Mackenzie.

• News Release

  Trade and supply chain barriers delay impact of historic clean energy law

  • 13 12月 2022

  The U.S. added 4.6 gigawatts (GW) of new solar capacity in Q3 2022, a 17% decrease from the same quarter last year as trade barriers and ongoing supply chain constraints continue to slow America’s clean energy progress. These disruptions will cause a 23% decline in solar installations this year compared to 2021, according to the U.S. Solar Market Insight Q4 2022 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business.

• News Release

  OPEC+ prepares for market uncertainty with continued 2 million b/d production cut

  • 06 12月 2022

  Speaking after today’s OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said “The decision by OPEP+ to continue with its recently agreed 2 million barrels per day (b/d) production cut through the end of 2023 is not a surprise, given the uncertainty in the market over the impact of the 5 December EU Russia crude oil import ban and the G7 price cap. In addition, the producers group faces downside risk from the potential for weakening global economic growth and China’s zero Covid policy.”

• News Release

  New mid-caps in Brazil aim to increase mature asset reserves almost 1 billion boe by 2035

  • 06 12月 2022

  With Petrobras divesting in many of its mature assets, new mid-cap upstream operators entering the Brazilian market will invest US$10 billion in capital investments during the next decade, boosting the production from these assets through 2027 and increasing remaining reserves by 980 million barrels of oil equivalent (mmboe) by 2035, according to a report from Wood Mackenzie, a Verisk business.

• News Release

  Wood Mackenzie launches Lens Gas & LNG

  • 15 11月 2022

  Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector, has launched Lens Gas & LNG, a new data analytics solution that offers a uniquely integrated view that connects markets and assets on a global scale.

• News Release

  LNG exports drive expansion of North American natural gas market, adding 29 bcfd of production by 2033

  • 17 11月 2022

  Driven by a surge in LNG exports, the North America natural gas market will support 29 billion cubic feet per day (bcfd) of production from 2022-2033, tripling its current market size, according to a new report from Wood Mackenzie.

• News Release

  Wood Mackenzie Launches the Electric Vehicles and Battery Supply Chain Service at Mining Indaba 2023

  • 06 2月 2023

  Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector, today launched the Electric Vehicles and Battery Supply Chain Service (EVBSC) at the Mining Indaba 2023 conference in Cape Town, South Africa. The EVBSC is a new product that provides end-to-end detailed analysis and forecasts of the electric transportation value chain including quarterly long-term outlooks to 2050 and 10-year forecasts, and monthly short-term reports and data for EV, Li-ion battery and raw materials (lithium, nickel, cobalt, graphite and manganese) markets.