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Intelligence for energy companies seeking a data-driven approach to cost management

APAC Power & Renewables Cost Inflation Trends Q3 2022

December 13, 2022 at 9:11 AM / by Wood Mackenzie Supply Chain posted in Cost Reduction, Industry Insights, Power & Utilities, Renewables

Geopolitical tensions around Taiwan, the fallout from the war in Ukraine and China’s zero-Covid policy and property sector crisis continue to unsettle commodity markets, testing the resilience of solar, wind, battery storage and utility supply chains.

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EMEA Power & Renewables Cost Inflation Trends - Q3 2022

November 11, 2022 at 11:45 AM / by Wood Mackenzie Supply Chain posted in Industry Insights, Power & Utilities, Renewables

A recessionary outlook for the global economy, sanctions on Russia and the follow-on impacts as the world emerges from the COVID-19 pandemic continue to reverberate through the power and renewables sector. Geopolitical fragmentation and trade tensions pose a monumental challenge to solar, wind, battery storage and utility supply chains at a time when energy security and the net-zero transition become more intertwined than ever before.

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Key Cost Trends in Onshore & Offshore Wind Aug 2021 - Aug 2022

September 27, 2021 at 11:33 AM / by Wood Mackenzie Supply Chain posted in Industry Insights, Power & Utilities, Renewables

Input costs for new wind construction projects are estimated to have increased by more than 31% since the beginning of 2020, driven predominantly by the rising price of metals and other raw materials used in major wind turbine components, including the tower, foundations, nacelles, rotor and transformers.

Steel prices have climbed by more than 200% as the demand continues to outweigh the supply.

You can find out more about how Capex and Opex trends will change as well as category level cost forecasts into 2022 in our latest report.

 

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