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India set to lead global SBR capacity additions by 2023, says GlobalData

India is set to drive capacity growth in the global styrene-butadiene-rubber (SBR) industry from planned and announced plants between 2019 and 2023, contributing around 29% of the global growth by 2023, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Styrene-Butadiene-Rubber (SBR) Industry Outlook to 2023 – Capacity and Capital Expenditure Forecasts […]
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Central Electricity Authority to monitor state discoms’ non-payment of US$420m to renewable generators, says GlobalData

The Central Electricity Authority (CEA) affirms that state discoms across India owe over US$420m (INR30.12bn) to renewable energy generation companies for 5,981.67MW of capacity supplied. The move to monitor and maintain a database by the CEA over non-payment of dues by state discoms will bring transparency and ease out payments, says GlobalData, a leading data […]
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Energy Vault’s disruptive technology likely to pose competition to the US$13.1bn battery energy storage market by 2023, says GlobalData

Following the announcement that Softbank’s US$100bn Vision Fund will invest US$100m in Swiss startup Energy Vault; Amit Sharma, Practice Head of Power at GlobalData, a leading data and analytics company, offers his view: “If Energy Vault’s system can deliver on its promise of much lower cost and higher roundtrip efficiency, it can become the technology […]
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Ireland’s renewable energy expansion attracting massive investments as its set to meet 65% of country’s installed capacity by 2030, says GlobalData

Ireland is expected to attract massive investment as the country is set to add 5.8 gigawatt (GW) of non-hydro renewable power capacity over the next decade to reach a total 9.6GW by 2030 and account for  65% of the country’s installed capacity, says GlobalData a leading data and analytics company. GlobalData’s latest report, ‘Ireland Power […]
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Vattenfall demonstrates offshore wind farms can be profitable without the aid of subsidies with construction of Hollandse Kust Zuid 3 and 4

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 project in the Netherlands following Hollandse Kust Zuid (HKZ) 1 and 2. The wind farms will have a combined capacity of approximately 1.5 gigawatts (GW) and will be the first […]
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Portugal’s position as Europe’s emerging market for solar PV installations bolstered by positive response to solar auction

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 power projects. The overwhelming response from international and domestic developers has enabled Portugal to strengthen its claim as Europe’s emerging market for solar PV installations, says GlobalData, a leading data […]
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Australia’s rough diamond output set to decline by 99% to 137,000 carats following Argyle mine closure in 2021

Australia’s rough diamond output will decline to just 137,000 carats, from the current level of 14.2 million carats (Mct), following the expected closure of Western Australia’s Argyle mine in 2021, according to GlobalData, a leading data and analytics company. Australia’s supply of rough diamonds had begun to rely entirely on the output from Argyle after […]
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Policy support key for adoption of net metering and other smart grid technologies

The net metering market has grown significantly in the past five years, driven by simple installation procedures, favorable government policies and the affordability of rooftop solar photovoltaic (PV), according to GlobalData, a leading data and analytics company. GlobalData’s latest report: ‘Smart Grid Policy Handbook 2019’ reveals that solar PV is the most popular technology to […]
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Renewable capacity in Brazil to exceed 60GW in 2030

The overall renewable power capacity (excluding small hydropower) in Brazil is expected to grow at a compound annual growth rate (CAGR) of 6% from 31 gigawatt (GW) in 2018 to 60.8GW in 2030, according to GlobalData, a leading data and analytics company. GlobalData’s latest report: ‘Brazil Power Market Outlook to 2030, Update 2019 – Market […]
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