Smart grid-enabled technologies such as smart metering, demand response, and vehicle-to-grid (V2G) are witnessing huge uptake globally, according to GlobalData. The leading data and analytics...
The Asia-Pacific (APAC) region has been the global leader of cumulative solar photovoltaic (PV) capacity. Therefore, solar PV plants need to be deployed rapidly in...
Despite renewable capacity growth, South Korea will continue to use thermal sources for majority of its power generation through 2030. The annual generation from thermal...
Thermal power generation is expected to hold the largest share in Thailand’s power generation mix by 2030. In 2020, annual power generation through thermal power...
Slow growth of renewable technology in Russia will mean the country will have to continue to significantly depend on thermal sources for power generation, according...
Renewable power generation* in Denmark is expected to increase from 24.33 Terawatt-hours (TWh) in 2020 to 43.2 TWh by 2030, growing at a compound annual...
Renewable power capacity (excluding hydropower) in China is expected to increase from 572.89 GW in 2020 to 1,772.05 GW in 2030, growing at a compound...
Renewable power capacity* in Turkey is expected to increase from 19.07GW in 2020 to 49.31GW by 2030, growing at a remarkable compound annual growth rate...
China continues to be the largest electric vehicles market in terms of fleet size and annual sales as of 2020. The country is expected to...
Hydrogen is gaining prominence as a critical component of the energy transition as significant policy support and government commitment to deep decarbonization are spurring investments...
Between 2010 and 2020, installed nuclear capacity in Germany declined from 20.5GW to 8.1GW, according to GlobalData, which estimates the country will reach 4.1GW by...
Renewable power capacity in the UK is expected to increase from 46.7 GW in 2020 to 110.5 GW by 2030, growing at an impressive compound...
Taiwan’s nuclear power installed capacity decreased from 4.9GW to 3.8GW, at a compound annual growth rate (CAGR) of -1.2%, according to leading data and analytics...
The annual power generation in Ukraine is estimated to fall by more than 22.8TWh in the next decade due to a combination of macroeconomic factors...
Major global economies are moving away from coal to curb carbon emissions. This has landed Indonesia in a tight spot as thermal power capacity is...
Electricity demand in Bulgaria stood at 30.9 TWh in 2020, more than half of which is fulfilled by nuclear power generation. Nuclear power will remain...
The solar photovoltaic (PV) capacity in Australia, which stood at 17.99 GW in 2020, is estimated to reach 80.22 GW in 2030. The solar PV...
Skadden, Arps, Slate, Meagher & Flom and Watson Farley & Williams were the top mergers and acquisitions (M&A) legal advisers in the power sector for...
Citi and Barclays were the top mergers and acquisitions (M&A) financial advisers in the power sector for Q1 2021 by value and volume, respectively. Citi...
As the US sets a new target to halve emissions by 2030 and holds a summit to promote similar climate targets; Will Scargill, Managing Energy Analyst...
Solar photovoltaic (PV) accounted for 8.1% of Poland’s total power capacity in 2020 and this is estimated to reach 21% in 2030. GlobalData, a leading...
The annual power consumption in the Philippines is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 82.5TWh in 2020 to...
The Peruvian Government is planning to push renewable power growth, especially onshore wind power, as it seeks to reduce its dependence on hydropower and decrease...
During the period 2020–2030, the renewable power generation in Vietnam is expected to increase its share from 5.1% of the total generation to 17.4%. Despite...
Despite the COVID-19 pandemic causing a decline in the global auto industry, sales of electric vehicles (EVs) grew 40.9% year-on-year (YOY) and accounted for 4%...
India made giant strides to become one of the largest renewable markets in the world after setting up an ambitious 175 GW renewable target by...
COVID-19 and sustainability will continue to heavily impact the power industry, according to data and analytics company GlobalData, which has identified the top 20 themes...
With coal costs rising and the rest of Europe working towards carbon neutrality, the pressure is on for the Polish Government to take measures to...
Following today’s news (17 March) that the UK government wants to be the first major economy to have its own low-carbon industrial sector to help...
In 2020, around 9% of the total power generated in Argentina was derived from renewable power sources. The country plans to increase this percentage by...
India is set to impose 40% basic customs duty (BCD) on solar modules and 25% on solar cells effective 1 April 2022 to reduce the...
In 2020, Peru witnessed the highest fall in copper production in its history, mainly due to the COVID-19 pandemic, with an estimated decline of 13%...
Asia-Pacific (APAC) was the largest market for battery energy storage systems in 2020, accounting for 49.9% of the global market installed capacity. The region is...
Singapore is increasingly relying on solar photovoltaic (PV) deployment to achieve clean energy targets as the resource-constrained country has limited renewable energy options. As a...
Wind energy led India’s renewable transformation for more than a decade. Solar PV, though a late starter, has now overtaken the wind installed capacity to...
Due to a rare deep freeze in the US state of Texas, the power demand has increased immensely. With the residents staying home amid the...
The finalization of tender for the development of 5.8 GW solar power plants by the state-owned Andhra Pradesh Green Energy Corporation Limited (APGECL) is a...
The tender invitation for the development of 5GW grid connected solar power projects under the Central Public Sector Undertaking (CPSU) Scheme Phase II in India...
The German onshore wind industry witnessed a massive year-on-year growth of 46% in terms of installation with the addition of 1,431 MW or 420 turbines...
Following the news that the India’s Union Budget 2021, presented on 1 February, contains several key announcements related to the power sector, which is a...
The uptake of renewable energy generation has risked the existing transmission system originally built for coal-powered generation in Australia. With the kind of growth expected...
Solar photovoltaic (PV) and wind power have grown significantly in the US during 2010 to 2020, and are estimated to add significant capacities in the...
HSBC and Ernst & Young were the top mergers and acquisitions (M&A) financial advisers in the global power sector for 2020 by value and volume,...
President Joe Biden’s move to rejoin the Paris Climate Agreement and rolling back of environmental polices withdrawn during the Trump era has brought the country...
Following President Biden’s moves to implement new climate policies upon taking office yesterday; Will Scargill, Managing Oil and Gas Analyst at GlobalData, a leading data and...
Thermal power comprised 92.4% of the total power capacity in South Africa in 2000. However, with a few plants decommissioned and capacities of other technologies increasing, the share of thermal power fell to around 80% by 2019. South Africa, having...
Portugal, as part of the EU, is a signatory to the Paris Agreement and is required to contribute to the bloc-wide overall targets of reducing...
Greece’s Regulatory Authority for Energy (RAE) has announced that the country will conduct its third joint auction for wind and solar photovoltaics (PV) projects in...
The Vietnamese renewables industry has been gaining traction lately as the country considers renewable energy to play a pivotal role in achieving the optimistic Power...
Ecuador is taking nascent steps in deploying renewable energy (RE) sources such as solar PV, with the 14.8MW Conolophus Solar PV venture and the 200MW...
ASEAN countries have laid an aspirational five-year sustainability plan to improve the renewable energy (RE) capacity in the power mix to 35% to achieve the...
Slaughter and May and Watson Farley & Williams were the top mergers and acquisitions (M&A) legal advisers in the power sector for Q1-Q3 2020 by value and volume, respectively. A total of 1,340 M&A deals were announced in power sector during the period, according to GlobalData, a leading data and analytics company. According to GlobalData’s M&A report, ‘Global and Power M&A Report Legal Adviser League Tables Q1-Q3 2020’, there was a 27.2% decrease over...
Morgan Stanley and Ernst & Young were top M&A financial advisers by value and volume in power sector for Q1-Q3 2020, finds GlobalData Morgan Stanley and...
Cambodia, which relies heavily on hydropower, has witnessed power shortages due to reduced hydropower generation owing to draughts and lower water levels in the dams....
Thailand’s power sector is heavily dependent on fossil fuels with 81% share in the generation mix meeting the country’s growing power demand. With countries across...
Japan plans to expand its offshore wind portfolio to re-arrange its power generation mix amid the ailing nuclear power generation, aging coal-fired power plants and...
Power utilities have become more prone to cyberattacks amid the COVID-19 pandemic as attackers have strived to benefit from the rush to remote systems and...
The more rigid targets brought around by the latest revision to Germany’s renewable energy act (EEG) in June aims for the country to achieve 65%,...
GlobalData expects wind and solar PV technologies to continue to grow during 2021–2030, with reduced costs encouraging more projects to be set up in the...
COVID-19 lockdowns have significantly disrupted the demand side of the renewable energy supply chain. Although China and European countries have slowly resumed operations and eased...
The global power sector has witnessed a shift in capacity additions from conventional power sources to renewables. With a focus on decarbonizing electricity supply, the...
Active coal-fired power plants are enough to prevent the world from achieving the global warming target set in the Paris Climate Agreement. Currently, more than...
South Korea, one of the top CO2 emitting countries in the world, proposed a ‘Green New Deal’ to help accelerate the country’s transition towards the...
The global markets for transmission and distribution conductors are forecast to grow at a compound annual growth rate (CAGR) of 1% and 3.6%, respectively, between...
Greece apportioned EUR5bn (US$5.9bn) to phase-out the use of coal by 80% by 2023, to reduce the nation’s carbon footprint. These are highly optimistic targets,...
The Italian Government is expanding the integration of renewables in its generation mix to create an infrastructure for supporting sustainable green generation, thereby tackling the...
The Chilean renewable market stands to reap the benefits of its renewables’ potential and its intent to lower the price of electricity for the customers....
Norway has majorly been a net electricity exporter and is amongst the top 10 electricity exporting nations in Europe. Primarily reliant on hydropower, the country...
A combination of rising carbon emission costs, the EU’s ambitious climate policies and the impact of COVID-19 is encouraging Polish authorities to expedite its energy...
Asia-Pacific (APAC) is expected to continue to lead the global wind gearbox and direct-drive equipment markets between 2020 and 2024 with a projected market share...
Energy storage systems (ESS) installations linked to the electricity grid and ancillary services will witness rapid growth in the coming two to three years because...
China is on track to have the largest nuclear power generation fleet of 93GW and is set to overtake the US by 2026, according to...
The German economy ministry recently proposed an amendment to the offshore wind law to introduce a second bid component, which will evaluate competing players offering...
Taiwan offshore wind market is poised to witness multifold expansion to reduce its reliance on fossil fuel generation and build a cleaner sustainable power generation...
Australia granted a ‘Major Project’ status to Sun Cable’s US$15.8bn proposed Australian-ASEAN Power Link (AAPL) that could mark Australia as the leading exporter of power...
The global offshore wind segment is likely to grow seven folds by 2030 mainly driven by capacity additions from three major markets, China, the UK...
Australia is headed towards achieving the fastest energy transition to renewable sources in the world despite challenges such as bushfires and a halt in construction...
The Croatian Government introduced a provision to assign 2.26GW of renewable energy capacity under an auction scheme, which includes technologies such as hydropower, wind, solar...
With the world looking to consolidate ventures in cleaner and greener electricity sources post-COVID-29 pandemic phase, electricity from nuclear sources offer an option. The World...
Spain has implemented strict steps during the COVID-19 pandemic, the most notable being the country shutting down eight of its coal-based generation units, as well as its decision to phase out coal-based generation by 2025. The low...
The Organization for Economic Co-operation and Development’s (OECD’s) Environment Directorate specified that creating an electricity framework based on natural gas will threaten decarbonization objectives due...
Reviewing its activities in the wake of the country's Energy and Mining Transition, the Colombian Government has diverted its focus on expanding its solar PV...
The Indian transmission infrastructure is likely to grow by over 25% between 2020 and 2025, mainly driven by the rapid growth in the renewable capacity...
Taking advantage of government incentives and declining costs, the share of wind and solar energy combined have reached almost 14% in Sweden’s generation mix. While...
Indonesia is preparing a presidential regulation on renewable energy pricing to gain the investors' trust in the clean energy sector. The move benefits the Indonesian...
Several countries in the MEA region have increased their focus on the development of solar PV in order to build capacity while reviewing GHG emissions....
The first Renewable Energy Support Scheme (RESS-1) round of Ireland’s first green energy auction provided a stage for the rapid deployment of onshore wind and...
The Imperial College London conducted a study where it shows that the UK offshore wind generation costs have significantly declined in the last few years,...
Before the impact of the pandemic, Poland formulated a draft offshore wind policy that saw 4.6GW of offshore wind capacity offered through fixed-price contracts for...
In April 2020, amid the COVID-19, the Ministry of Power (MoP) proposed amendments to the Electricity Act of 2003 as a Draft Electricity (Amendment) Bill...
The COVID-19 pandemic drew the curtains over coal-based generation. Especially countries such as Germany, Spain and the UK, which saw the most decline in electricity...
In a recent report, Poland’s Institute of Renewable Energy (IEO) confirmed a high solar PV target over the next five years. GlobalData predicts that achiving...
The solar PV sector in Europe is anticipated to have a positive outlook post-COVID-19. Although distributed solar installations declined due to reduced manpower and supply...
When Spain ordered a nationwide lockdown, electricity consumption increased in the residential sector. As a cost-effective alternative renewables took center stage as the portion of...
COVID-19 has negatively impacted companies across all industries. However, power utilities have been quick to adapt to the situation and ensure business continuity. Currently, customer...
French utility EDF is launching a major solar-plus-battery storage hybrid initiative in the UK as part of its plans to increase its installed renewable base....
The findings from the recently published report by REN21 suggested that the heating and cooling, and transportation sector along with the global policy landscape should...
Israel is taking COVID-19 as an opportunity to shift its focus on transforming its generation mix towards sustainability. The Energy Ministry released a plan to...
In the wake of the pandemic, with the lockdown in-situ, the decrease in German electricity consumption is mainly attributed to the halt in the major...
Beyond Zero Emissions’ (BZE’s) ‘Million Jobs Plan’ is expected to restructure Australia’s economy and create 1.8 million fresh employment opportunities over the next five years...
The COVID-19 pandemic led to a fall in electricity demand following authorities’ preference of electricity generation over renewable sources. This meant that coal-based generation saw an impressive contraction in its share...
The New Zealand government announced solar installations across six of its institutional campuses, utilizing the NZ$200m clean-powered public service fund. The ventures are to be...
Poland’s coal mining industry has been profoundly impacted by COVID-19. The country’s coal production is becoming less efficient as it imports cheaper coal from other...
The proposed Investment Tax Credit (ITC) extension is greatly welcomed by power industry associations and developers. Cost-effectiveness is better observed in these large-scale utility projects,...
With the onset of COVID-19, the UK Government proposed time-bound exemptions for wind project generators in tender rounds 5 and 6 of the Offshore Transmission...
The COVID-19 pandemic has led utilities to rush and shift their focus to obtain electricity from the more cost-effective renewable sources, expanding energy storage and...
The EU has decided to target 33% of its installed capacity from renewable sources following the largest year-on-year (YOY) percentage growth in total installed capacity....
The Solar Energy Corporation of India (SECI) has issued a tender for setting up 1.07 GW grid-connected solar photovoltaic (PV) power projects in Rajasthan, India....
COVID-19 has disrupted the global supply chain, making it difficult for solar PV developers to pursue project development activities, and impacted the annual installed solar...
Japan is set to draft new rules and support framework in a drive that points to construct offshore wind projects at 30 locales by the...
Between 2019 and 2030, the share of hydropower in several major countries is estimated to continue falling. But globally, the decline is estimated to be...
COVID-19 has given birth to some solid challenges across the Indian power and transport value chain in the form of liquidity limitations, logistics, supply-demand challenges,...
To kick start the economic recovery and the subsequent growth engine, the Ministry of Energy and Natural Resources (KeTSA) of Malaysia had launched a 1GW...
The COVID-19 outbreak has disrupted the value chains and impacted power industries worldwide. The US solar industry is no different from the situation with the...
Amid the COVID-19 induced countrywide lockdown, electricity consumption in India plummeted considerably. The electricity consumption in April 2020 was 18.1% and 15.1% lesser than what...
As the global economies try to mitigate the COVID-19 impact, investment in renewable energy expansion becomes an important cog in the wheel towards the economic...
With the lockdowns being implemented during April, the Indian electricity load patterns shifted significantly. As per the Central Electricity Authority (CEA), in comparison to 2019,...
During the COVID-19 pandemic utilities turned their attention from coal-based generation to renewables. Japan is using the opportunity provided by the pandemic where the government...
Due to the country-wide COVID-19 lockdown during April and May 2020 in India, electricity generation witnessed a reduction owing to reduced electricity demand. Subsequently, the...
Argentina’s attempts to continue expanding renewable energy capacity addition is not expected to be disrupted by the COVID-19 pandemic. By 2025, the renewable electricity generation...
Finland is one of the few countries in the EU that is investing heavily in nuclear power generation technology along with renewable power generation, and...
Hydrogen is likely to play a crucial role in clean energy transition in sectors such as transportation, buildings and power generation. Interest in the use...
The COVID-19 pandemic has caused major supply chain disruptions in the US, leading to halts in renewable developments. As the developers faced difficulty in meeting...
Pre-COVID-19, Orsted built an early lead into the US market. However, the outbreak has caused its 1.08GW Ocean wind project, 0.9GW Sunrise project and the...
Based on the average cost of electricity, the government of Ontario decided to remove the initially decided fixed rate of CAD0.101/kWh and establish the COVID-19 recovery rate of CAD0.128/kWh until October...
Coal-based electricity generation has fallen to its lowest level in the US, representing a 23.5% share in the generation mix. With the COVID-19 crisis in...
The COVID-19 outbreak had led to a countrywide lockdown in India towards the end of March 2020, bringing all the construction activities to a halt....
COVID-19 has impacted the market to such an extent that the market conditions seem gloomy and uncertain in the near future. Hence, investors are expected...
The ongoing COVID-19 pandemic has exposed the over-reliance of countries on China to carry through their energy transition. The pandemic has disrupted the global supply...
As the COVID-19 pandemic has brought the economy to a standstill, the World Wide Fund (WWF) Australia report suggests that the proposed investments in the...
Organisation for Economic Co-operation and Development (OECD) countries are experiencing a decline in electricity demand due to the COVID-19 pandemic. This drop is especially prominent...
The three largest provincial power markets in Canada - Quebec, Ontario, and Alberta - consume more than 70% of the country’s total electricity supply. Since...
Egypt’s plan of cutting down on subsidies came after the devaluation of the national currency, post the three-year IMF program. As a likely measure to...
Norway's plan to invest US$384.5m as a green transition package is likely to aid the country on economic and environmental fronts. The environmental support would...
Delays in project approvals is likely to hinder the UK from achieving offshore wind capacity and emission reduction targets within the specified deadline. While there...
In the US, the pandemic is pulling down peak loads and the on-peak and off-peak hourly prices in many regional markets. Going ahead, US utilities'...
In a bid to provide some relief to the financially crunched state residents amid the COVID-19 pandemic, the Michigan Department of Health and Human Services...
The ongoing COVID-19 pandemic has resulted in the shutdown of commercial and industrial sectors for an extended period across several countries and Italy is no exception. However,...
With the outbreak of the COVID-19, Chilean distribution utilities are supplying electricity to the customers despite non-payments from them and hence, the utilities are finding...
The ban of solar projects developed on farmlands and Italy’s complicated permit rules are the likely reasons for diminishing interest in solar PV development, says...
The COVID-19 pandemic and the tightening of the economy over the last two years are expected to delay the construction and commissioning of the renewable...
Recent announcements by Brazilian Energy Ministry and power regulator National Electric Energy Agency (ANEEL) such as the provision of free electricity and the allocation of...
As nuclear plants plan to continue operation in the pandemic they face a stiff challenge from a reduced workforce. The general safety embedded measures implemented...
While ENGIE maintained a strong balance sheet in the first quarter of 2020, it has expectedly pulled down its financial guidance due to the decline...
Delays in renewable projects financing is expected during COVID-19 because lenders are aware of the volatility existing in the market and are likely to refrain...
The COVID-19 pandemic has disrupted the international supply chain and reduced demand for crude oil, consequently denting government revenues in the Middle East region. It...
In the wake of the COVID-19, electricity demand in Japan has dropped and the power prices have declined. The drop in demand and the increase...
Leclanché S.A. plans to create a separate holding company, the BOO HoldCo, where it shall retain a controlling majority stake.. To launch the highly profitable...
The comprehensive Strategic partnership agreements signed between Leclanche and Eneris Group is likely to create a market-leading Joint Venture (JV). Amid the COVID-19, Leclanche had...
COVID-19 had impacted the revenues of the electricity distribution companies (DISCOMs) in India. Apart from the $265bn economic recovery stimulus package, the Indian Government announced...
The COVID-19 outbreak causing severe economic disruption in China is expected to derail the efforts that had been put in all these years to establish the country’s...
Enel SpA (Enel), an energy utility, which generates, transports, and distributes electricity in 33 countries has set up a Global Task Force to maintain business...
Low demand for power during the COVID-19 lockdown combined with the surging wind and solar generation caused electricity prices to plummet over the UK’s bank...
Due to liquidity constraints and lack of sales, coal mines and power plants are scaling down or halting their operations, which will significantly impact the...
In order to tackle the economic impact caused by COVID-19, China decided to invest in new infrastructure projects to accelerate economic recovery. The country identified seven priority...
The renewable sector in most countries is largely dependent on imports from other regions, mainly China, and major global suppliers of solar PV modules include...
Following the news that the Australian Energy Market Commission (AEMC) is considering a rule change, allowing electricity retailers with COVID-19-affected customers to put their electricity network charges on...
Due to COVID-19, electric utilities are exposed to various risks such as financial market volatility and erosion of market capitalization, credit and liquidity concerns, increase...
Iberdrola and Ørsted posted strong financial results for Q1 2020 despite the COVID-19 pandemic and have maintained that their 2020 outlook remains unchanged. Renewables offer...
Following the news that over 60,000 customers enrolled in Pacific Gas and Electric Company’s (PG&E)’s California Alternate Rates for Energy (CARE) Program in April, which...
To cater to reduced demand and uncertain market conditions caused by COVID-19, utilities need to ensure that they have enough liquidity to safeguard their performance...
Smart grids have, so far, ensured grid resilience successfully to the extent that no major grid reliability issues have been reported during the pandemic. Several...
Following the completion of the pre-qualification procurement process for its first renewable auction at the end of April, the Renewable Electricity Support Scheme (RESS) is...
Faced with contrasting demand trends for electricity and water following the COVID-19 outbreak – changing customer behavior and remote working are driving water demand higher,...
Around 20 states stopped residential energy efficiency retrofitting at the end of April to low-income households. In these states, all residential energy efficiency work was...
COVID-19 hurt electricity demand in most countries around the world and Mexico is no exception. The country’s lockdowns has curbed electricity demand for commercial and industrial...
Vestas transformation plan involving the layoff of around 400 employees across different functions that do not directly support its 2020 deliveries, will help the company...
French renewable energy producer Neoen has entered into a power purchase agreement (PPA) with Queensland’s newest publicly-owned clean energy company CleanCo. Neoen will benefit from...
Increasing import costs, fall in electricity consumption and indefinitely postponed auctions are likely to impact the momentum of the Brazillian solar PV sector, with the annual installed capacity...
The COVID-19 pandemic has pushed various organizations such as SunCrafter to come up with technological solutions to limit the spread of the virus. SunCrafter is...
Simpson Thacher & Bartlett is the top mergers and acquisitions (M&A) legal adviser based on deal value in Q1 2020, having advised on two deals...
Fllowing the news that the Solar Module Manufacturers Association Bangladesh (SMMAB) requested for government support after operations took a hit due to the 40-day COVID-19 industrial lockdown; Somik...
The number of merger and acquisition (M&A) deals completed within the renewable industry in Q1 2020 dropped by nearly 25% from Q4 2019. These M&As...
Iberdrola is planning to significantly increase its investments in renewables and promote employment, using accelerated investments as the solution to get through the COVID-19 crisis. Somik...
Following the announcement that Danish renewables giant Orsted plans to contribute more than £165,000 (€189,000 / $206,624) to provide support to National Health Service (NHS)...
The collapse in demand for electricity during the COVID-19 lockdown, combined with a greater supply of solar power, has led to the UK not using coal-fired power plants to generate electricity for...
The spread of the COVID-19 pandemic has prompted state and local governments in the US to put quarantine measures in place. As a result, the...
Due to the COVID-19 outbreak and its impact, there is a fall in electricity demand in Australia like elsewhere that has provided an opportunity for...
Electricity companies in Slovakia have witnessed a reduced demand in Q1 2020 when compared with the same period last year due to the COVID-19 outbreak,...
Bangladesh has introduced a US$218.7m (€200m) Green Transformation Fund (GTF) to provide soft loans to solar developers, other environment-friendly products and Eurozone’s energy efficiency components’ importers. This is in...
There was a decline in the month-on-month module shipments in the US in the first two months of the year, according to the latest estimates...
In the wake of the COVID-19 pandemic, Dutch solar product distributor ENIE is implementing its ZonneRuilen Program to purchase existing solar rooftop installations. As per...
In the wake of the COVID-19 pandemic, the Swiss solar PV market is on the verge of experiencing a slump. To offset this threat and support the...
In the wake of the pandemic, offices and manufacturing plants are temporarily closed resulting in a decline in power consumption and a drop in electricity...
In Poland, Siemens Gamesa Renewable Energy (SGRE) was awarded three projects totaling 184MW. As part of the contracts, the company is expected to supply 63...
Customers of Octopus Energy’s Agile tariff are being paid to use electricity during the day, as wind and solar projects produce a surge in clean...
China is the largest manufacturing hub for power equipment in the world. With COVID-19 has posing a threat to China’s ambitions to remain as global hotspot for manufacturing,...
Canadian Solar, the world’s fifth-largest solar PV module manufacturer, recently stated that it had experienced limited impact of the COVID-19 outbreak on its production facilities in China. Although...
Wind energy has been the fastest growing renewable energy sector in India in terms of installed capacity. India is the world’s fourth-largest onshore wind market with a cumulative...
Due to the COVID-19 outbreak and its impact, it is expected that China’s solar PV capacity additions for 2020 would fall short by 6.6GW compared...
The lockdowns imposed across Africa as a measure to slow down the spread of the COVID-19 pandemic could play as an opportunity to fast-track the...
Following the news that New Zealand's Climate Change Minister has reiterated the country's commitment to green policies; Ella Benson Easton, Thematic Analyst at GlobalData, a leading data...
Vestas Wind Systems, LM Wind Power, Siemens Gamesa Renewable Energy, and Nordex have reopened factories in Spain after the government relaxed lockdown measures.It was previously...
Manufacturing in the global clean energy sector, including renewable energy, battery energy storage, electric vehicles (EVs), and the renewable heat and cooling markets is highly...
China recently reported that the COVID-19 outbreak will have no impact on the progress of the construction of nuclear power plants in the country in...
EDP Renewables (EDPR) inked a power purchase agreement (PPA) with Royal DSM to supply 59 megawatt (MW) of renewable power in Spain, which is a...
The COVID-19 pandemic has altered market dynamics for renewables, impacting all stakeholders along the value chain. Demand-supply disruptions are at large and there will be...
India’s silicon PV manufacturer Central Electronics plans to put together its technical expertise to ramp-up the production of ICU ventilators. It has expressed desire to join hands with...
India’s Ministry of New and Renewable Energy (MNRE) has disclosed that clean energy projects have not been affected by the falling electricity demand as the...
As many in the UK are now working from home, the electricity demand pattern is expected to take a new shape. As demand from the...
As the pandemic continues to spread, Vestas suspended its previous 2020 guidance outlook due to poor performance visibility for the remainder of the year. The...
In India, the central public sector undertaking (CPSU) generation and transmission companies will be involved in the continuous supply and transmission of electricity to distribution companies (DISCOMs) despite...
Following the news that German solar photovoltaics (PV) manufacturer Manz has revealed plans to open up its Italian facility; Somik Das, Power Analyst at GlobalData, a leading...
A drop in Chinese photovoltaic (PV) module prices may be expected following the COVID-19 epidemic as Chinese manufacturers have been forced to stockpile their modules....
The coal sector is expected to take the major brunt of the COVID-19 outbreak as electricity demand decreases due to production halts in major factories...
The lack of a robust domestic manufacturing industry makes the UK highly dependent on imports to cater to demand. Recent manufacturing disruption in China is...
Lack of venture capital investment and reduced public market financing activity due to the COVID-19 pandemic is squeezing cash flows. Between January and March this...
A series of storms hit the south and the southeastern areas of the US at the beginning of Easter Sunday and continued on to 14...
The slowdown in the commercial activity is negatively impacting companies across the wind value chain in India. The lack of production is expected to drive up manufacturing costs....
The UK’s annual wind installation market has so far been negatively impacted by the COVID-19 pandemic and this is expected to continue throughout 2020. The total annual installations for wind power was 2.47 gigawatt (GW) in 2019 and...
In the wake of the COVID-19 pandemic, manufacturing companies from across the globe are adapting their production plans in an effort to combat the virus,...
Following the news that Greece held its second joint renewable auction for solar photovoltaics (PV) and wind power projects amidst the COVID-19 pandemic, awarding 502.9 megawatt (MW) of renewable capacity to five participants; Somik Das, Power Analyst at GlobalData,...
The global nuclear industry’s already established robust safety culture is helping related organizations to act fast and modify their processes during the COVID-19 pandemic, says...
The Ministry of Mines and Energy (MEM) in Brazil, has indefinitely postponed the national energy generation and transmission auctions that were scheduled for May, 2020....
According to the UK Government, nearly 15GW of wind projects, primarily offshore, have been classified as ‘awaiting construction’. These are projects waiting to secure viable...
Following the announcement that Sunrun, the largest residential solar installer, is reported to have laid off around 100 of its employees; Somik Das, Power Analyst at GlobalData,...
Following the news that Tesvolt, the German manufacturer of battery storage systems, has started the production of commercial storage systems under strict safety precautions due...
The US was the second-largest market for wind with a total cumulative installed capacity of 105.5GW, in 2019. Despite being the second-largest market, the US depends on China for numerous components present inside the nacelle, such as transformers, converters, and inverters, which is likely to cause prices to rise, says GlobalData,...
Global coal production is expected to grow only marginally in 2020, from 8.13 billion tonnes (Bnt) in 2019 to 8.17Bnt in 2020 a growth of...
The oil price war has forced operators in the DJ Basin to drop rig count by 40% and reduce capital expenditure (capex) by US$ 384...
This month, the French Ministry of Ecological and Inclusive Transition awarded 960MW of solar photovoltaic (PV) capacity through different tenders, and a total of 288...
In India, around 2.3GW of solar plants were expected to be commissioned from June to August 2020. However, the delivery of these projects has been...
Following the news that the EU council will not abandon the principles of the Green Deal in its fiscal response to the coronavirus (COVID-19) pandemic; Ella...
The disruption caused by the coronavirus (COVID-19) pandemic on Chinese solar photovoltaic (PV) manufacturing companies has prompted a major jolt on the global solar PV...
Following the news that Portugal has post-poned its 700MW auction until the market is less turbulent; Somik Das, Power Analyst at GlobalData, a leading data and analytics...
The outbreak of the novel coronavirus (COVID-19) pandemic has led to a slowdown of economic activities in China and the wind power industry will be...
Ten countries produced 80% of all flared gas, and their forgone revenue from failing to monetize the gas constituted over US$19bn in 2019, according to...
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...
Following the announcement of strong results by German energy major RWE AG for the financial year ending 2019, Mohit Prasad, Project Manager at GlobalData, a...
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...
Europe witnessed growth in mergers and acquisition (M&A) deal volume and value in the fourth quarter (Q4) of 2019 amidst uncertainty around Brexit and the...
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...
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...
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 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,...
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...
