The Dutch Government plans to double the green energy subsidies to €4bn in 2020, from a previously planned €2bn to meet its promise to cut...
The UK’s move towards lifting the subsidy ban for onshore wind farms will provide new impetus for the growth of the onshore wind market. Since...
The collapse of oil prices in March triggered by the coronavirus (Covid-19) pandemic is putting renewed pressure on the finances of the Gulf states and could provide...
The Electric Vehicle (EV) manufacturers in India are adopting the strategy of collaborating with utility companies in order to provide charging solutions to their customers. In line with...
Offshore wind is expected to play a key role in achieving the EU’s climate and renewable energy targets but design limitations have resulted in foundation-based...
Europe has expanded its offshore leadership by adding 3.6 gigawatt (GW) of new commissioned capacity in 2019, bringing the total offshore wind installed capacity at...
The cumulative coal capacity declined from 342.30 gigawatts (GW) in 2010 to 257.14GW in 2019 at a negative compound annual growth rate (CAGR) of...
Taiwan, which joined the gigawatt (GW) solar PV market club in 2019, is well set to ramp up its solar PV deployment exceeding 2GW annually...
Sterling and Wilson, one of the leading India-based engineering, procurement and construction (EPC) players in the power sector, recently issued a statement that the spread of coronavirus in...
Big data analytics has emerged in response to the exponential growth in data and the utility industry, like most other industries, has started to make several transformations with the use of modern devices, says GlobalData, a leading data and analytics company. Cloud computing, machine learning, Internet of Things (IoT), robotics, blockchain and cybersecurity are...
Last week, Solar Energy Corporation of India (SECI), a company formed under Government of India for promoting renewable energy and storage in the country, announced...
Siemens has bought out Iberdrola’s 8.1% stake in Siemens Gamesa Renewable Energy (SGRE) for a total cost of €1.1bn ($1.2bn), potentially ending a period of...
JinkoSolar has emerged as the leading company in terms of global solar photovoltaic (PV) module shipments in 2019. The company also secured top position in...
Indonesia has set a renewable energy target of 23% in the energy mix by 2025. The country has renewable energy potential of more than 400 GW but...
The UK’s power industry continues to remain uncertain by unknown risks and impacts of the post-Brexit scenario. Ankit Mathur, Practice Head of Power at GlobalData,...
China witnessed a decline in renewable energy capacity addition in 2019 as 44.4 gigawatts (GW) of solar power capacity was added in 2018 compared to an estimated...
Saudi Aramco Energy Ventures (SAEV), the corporate venture capital arm of Saudi Aramco, is planning to set up a $500m fund to promote energy efficiency...
The European Union (EU), whose 28 members collectively account for the world’s third-largest emitter of greenhouse gases after China and the US, further strengthened its...
The onshore wind sector in Germany has struggled throughout 2019, achieving only 792.40 megawatt (MW) of onshore wind installations. The lukewarm responses to wind auctions...
The Federal Electricity and Water Authority (FEWA) of the United Arab Emirates (UAE) has invited expressions of interest (EOI) for the development of a 500...
Solar Provider Group (SPG) has announced that it is planning to enter the Brazilian solar market with an investment of $250m over the next five...
Portugal will hold the second round of its solar photovoltaics (PV) auction in Q1 this year where around 700 megawatt (MW) of solar PV capacity...
With the coal power sector in India struggling for the last few years, the Indian government has proposed carbon tax waiver on coal which may...
Virtual reality (VR) technology can help the power industry to deliver workforce training and education in an immersive environment. The VR market, worth nearly $7bn...
The UK’s upstream regulator, Oil and Gas Authority (OGA), in its recent study titled ‘UK Continental Shelf (UKCS) Energy Integration: Interim Findings’ claims that integrating...
The power sector is witnessing significant changes. As 2019 draws to a close, Harminder Singh, Director of Power at leading data and analytics company GlobalData,...
To infuse more transparency and competitiveness, better grid management and reduction in investment risk and electricity prices, Vietnam’s Ministry of Industry and Trade (MOIT) has...
The global offshore wind market is set to grow at a compound annual growth rate of 16.2% between 2019 and 2030, reaching a cumulative capacity...
Eversource Energy, a prominent power and gas utility in Northeastern US, has announced its goal of becoming carbon neutral by 2030, making it the first...
The economic slowdown in India and consequently the lack of inflow of investments are affecting the renewable energy sector, including the solar power segment, says...
The decline in annual installations of solar photovoltaics (PV) in China does not seem to have had an impact on the country’s solar PV manufacturing industry. The country’s solar PV exports stood at...
Nuclear power, currently the dominant energy source in France, is expected to be overtaken by renewable energy by 2027. The share of renewable energy in France is expected to...
The share of renewable energy in Poland’s power capacity mix reached 16.9% in 2018 and is expected to reach 39.1% by 2030 supported by the...
Japan has been witnessing an upsurge in the number of companies showing interest in its fledgling offshore wind sector, says GlobalData, a leading data and...
Croatia’s enormous renewable energy potential has prompted the government to increase the share of renewable energy in its total energy consumption to 36.4% by 2030....
3D printing is steadily opening up opportunities for the power industry, with applications such as renewable energy, conventional power and battery energy storage. The technology...
The Andhra Pradesh Government has made several key changes to its policies on solar, wind and hybrid power, effectively taking more control over setting tariffs...
Danish power company Orsted has officially inaugurated Taiwan’s first commercial offshore windfarm, Formosa 1. The 128 megawatt (MW) plant is a joint venture (JV) project...
Poland has registered phenomenal growth in solar photovoltaics (PV) installations in 2019 and is expected to install 3.15 gigawatt (GW) of capacity by 2022, according...
Following the recent announcement that SunPower, one of America’s largest solar-panel makers, is to exit from the manufacturing business; Mohit Prasad, Project Manager at GlobalData, a...
While renewable energy is improving its share in the global power generation mix at a faster pace, coal still accounts for the majority of the...
Global wind power market size increased from $71.6bn in 2010 to $96.4bn in 2018. During the 2019–2030 forecast period, significant capacity additions in the Asia-Pacific...
We are at the very beginning of the era of electric vehicles (EVs). Today, there are five million EVs on the world’s roads, which is...
The global distribution transformers market is estimated to grow at a compound annual growth rate (CAGR) of 2.25% over the forecast period (2019–2023) to reach...
Following the recent news (Monday 4th November) regarding EDF’S acquisition of Pivot Power; Nirushan Rajasekaram, Power Analyst at GlobalData, a leading data and analytics company, offers his...
More than 18% of global electricity generation capacity comes from hydropower plants, and represents over 16% of the world's power generation. According to leading data...
Still far from achieving commercialization, geothermal energy presents the advantage of constant availability compared to other renewable sources such as wind or solar. Geothermal energy...
The global air quality control systems (AQCS) market is expected to grow at a compound annual growth rate (CAGR) of 12.9% between 2019 and 2023...
Sempra Energy, one of the largest utilities by consumer base in the US, with reported revenues of $11.6bn in 2018, has sold its 100% stake...
The growth of variable renewable energy and distributed energy resources has changed the market dynamics of the electricity system in Australia. To meet the increasing...
Regulatory headwinds, increasing competition, growth in renewables and investors’ uncertainty towards the Brexit outcome has resulted in the UK power market experiencing a major change....
Following the announcement that Energie Baden-Württemberg (EnBW) is planning to build the largest subsidy-free solar plant in Germany; Mohit Prasad, Project Manager at GlobalData, a leading...
Global solar photovoltaic (PV) capacity is estimated to increase significantly from 593.9 gigawatt (GW) in 2019 to 1,582.9GW in 2030 following significant capacity additions by...
Predictive maintenance is becoming integral to the power sector as it extends the operational life of field equipment and infrastructure in order to improve organizational...
The World Bank Group’s announcement of a $98.8m financial package to support the development of two gas-to-power energy projects – Sheberghan Phase 1 (40 megawatts...
Renewable installed capacity in Ukraine is set to grow at 15.6% compound annual growth rate (CAGR) to reach 13.8GW in 2030 from 2.8GW in 2019....
Robots and drones now play a crucial role in the power utilities space as companies are increasingly using robotics to handle the inspection of risky,...
The wind turbine towers market is expected to grow at a compound annual growth rate (CAGR) of 2.9% between 2019 and 2023. Favorable government policies...
Following the announcement that the onshore wind power market in Germany has awarded only 187 megawatt (MW) of new onshore wind capacity against 500 MW...
Following the recent news (Thursday 19th September) that the Crown Estate will be launching round 4 of offshore wind leases in the UK; Mohit Prasad, Project...
The automated home market exceeded $23bn in 2018 and is expected to reach $75bn by 2025, at an impressive compound annual growth rate (CAGR) of...
Asia-Pacific (APAC) is expected to lead the wind turbine market with an annual installation capacity of 33.14 gigawatt (GW) by 2023, largely driven by onshore...
The Manila Electric Company (Meralco), the largest private sector electric distribution utility company in the Philippines, has launched auctions for 2.9 gigawatt (GW) of generation...
The share of renewables in Germany reached 53.4% of the country's power capacity mix in 2018 and is expected to reach 72.7% by 2030, with non-hydro...
The contribution of renewable power to total installed capacity in the US is expected to double from 15% in 2018 to 30% by 2030, reaching...
Following the release of Uniper SE’s first half 2019 results; Ankit Mathur, Practice Head of Power at GlobalData, a leading data and analytics company, offers his...
Renewable energy, the only way forward to the global climate change mitigation and environmental requirements, is expected to comprise 50% of Chile’s power mix by...
Following the release of E.ON SE’s first half 2019 results; Mohit Prasad, Project Manager at GlobalData, a leading data and analytics company, offers his view: “E.ON SE...
Vattenfall has announced it will be constructing the Hollandse Kust Zuid (HKZ) 3 and 4 offshore wind farm on a zero subsidy mechanism; the second...
Portugal’s first-ever solar photovoltaic (PV) auction for 1.4 gigawatts (GW) tender has received offers for 10GW and 64 companies have shown interest to develop solar...
The global steam turbine market registered a market value of US$9.25bn in 2018, primarily driven by growth in China. Despite a slowdown in capacity additions,...
Gas and renewable power are set to dominate Belgium’s power generation mix, following the phase-out of 7.2 gigawatts (GW) of cumulative coal and nuclear capacity...
The overall renewable power capacity, excluding hydropower, in Sweden is projected to more than double from 14.8 gigawatt (GW) in 2019 to 30.4 GW in...
The global high-voltage direct current (HVDC) converter stations market growth is set to more than double from US$3.24bn in 2018 to US$6.88bn in 2023, primarily...
The global solar photovoltaic (PV) inverters market is set to decline at a compound annual growth rate (CAGR) of 13.2% and reach US$3.04bn in 2023,...
Installed non-hydro renewable power capacity in the Philippines is expected to register a compound annual growth rate (CAGR) of 11.2% between 2018 and 2030 with...
Thermal power capacity in Malaysia is expected to show a significant growth of 5 GW during 2019–2030 in order to meet the increasing consumption, and...
Recently, the 1 gigawatt (1GW) Gujarat Solar photovoltaic (PV) tender for Dholera Solar Park was undersubscribed by 700 megawatt (MW) and received only two bids...
The global CSP capacity is estimated to increase significantly from 5.6 gigawatt (GW) in 2018 to 22.4 GW in 2030 following significant capacity additions by...
Following the recent news that the Ministry of New and Renewable Energy of India (MNRE) and Denmark’s Ministry for Energy, Utilities, and Climate have signed...
Following the recent news that Japan-based Kyocera and New York-based LO3 Energy are testing the feasibility of a blockchain technology managed virtual power plant (VPP)...
Following the recent news that India and the US have signed an agreement to build six nuclear power plants in India, Arkapal Sil, Power Analyst at...
JinkoSolar Holding was the leading company in terms of global solar photovoltaic (PV) module shipments in 2018, according to GlobalData, a leading data and analytics...
Asia-Pacific (APAC) is expected to remain the largest combined heat and power (CHP) market in the world due to an increase in capacity installations, led...
Asia-Pacific (APAC) will continue to lead the distribution transformers market of the global power sector with a share of 48% and reach $6.94bn in 2022,...
Despite a drop in its share, the Asia-Pacific (APAC) region, with its large population base and strong requirement for electricity generation capacity, will continue to...
