GlobalData
GlobalData

Power

Green competition is critical to reaching the UK’s net-zero emissions by 2050 target, says GlobalData

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 meet its climate targets; Commenting on that the decarbonization fund will include projects such as hydrogen gas, Sneha Susan Elias, Power Analyst at GlobalData, comments: “Hydrogen will play a crucial […]
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Solar PV sole driver for renewable power in Singapore, says GlobalData

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 result, the installation of rooftop PV systems on public housing has become one of the prominent drivers for the growth of solar PV in the country, says GlobalData, a leading […]
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Existing transmission set-up forces Australia to put connection caps on renewable electricity generation, says GlobalData

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 in the wind and solar PV sectors, the current transmission infrastructure is bound to be overburdened and therefore, should be revamped to check the issue of intermittency linked with renewable […]
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Solar PV and onshore wind to lead US capacity additions during 2021–2030 while offshore wind makes significant debut, says GlobalData

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 current decade – despite the IRS’s plans to phase out the Investment Tax Credit (ITC), and the uncertainty of Production Tax Credit (PTC) extensions, according to GlobalData, a leading data […]
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South Africa’s plans to reduce thermal power could result in major change in the country’s power mix in the future, says GlobalData

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 signed the Paris Agreement and with plans to reduce thermal power and increase renewable power in order to cut emissions, could result in a major change in the country’s power mix going forward, says GloblaData, a leading data and analytics company. Harshavardhan […]
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Biden’s return to Paris Agreement, climate-favoring policy rollbacks and increased commitment could spur RE growth momentum, says GlobalData

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 back to the fight against global warming and climate change. With emissions from electricity generation having formed more than 31% of the overall emissions in 2019, the return to the […]
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