Power

Business Fundamentals, Power

Skadden, Arps, Slate, Meagher & Flom and Watson Farley & Williams top M&A legal advisers by value and volume in power sector for Q1 2021, finds GlobalData

Skadden, Arps, Slate, Meagher & Flom and Watson Farley & Williams were the top mergers and acquisitions (M&A) legal advisers in the power sector for Q1 2021 by value and volume, respectively. Skadden, Arps, Slate, Meagher & Flom advised on eight deals worth US$19.1bn, which was the highest value among all the advisers. Meanwhile, Watson […]

Business Fundamentals, Power

Citi and Barclays top M&A financial advisers by value and volume in power sector for Q1 2021, finds GlobalData

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 advised on three deals worth US$10bn, which was the highest value among all the advisers. Meanwhile, Barclays led in volume terms having advised on six deals worth US$8.1bn. A total […]

Power

New climate targets for the current decade require focus on renewable power and electrification, says GlobalData

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 at GlobalData, a leading data and analytics company, offers his view on how such targets can be achieved: “Achieving major reductions in carbon emissions in this decade requires rapid […]

Power

Philippines power capacity expected to grow more than twofold by 2030, says GlobalData

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 145.1TWh by 2030. To fulfill its growing power demand, the Philippines government plans to increase its total installed power capacity from 27.6GW in 2020 to 58.4GW in 2030. With no […]

Power

Poland set to surpass 2030 solar PV installation target, says GlobalData

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 data and analytics company, estimates that Poland will have renewable power capacity of around 33.7 GW by 2030, of which 14.5 GW capacity will be solar photovoltaic (PV). Poland’s current […]

Power

Coal to lead Vietnam power generation over next decade, says GlobalData

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 this, it is estimated that coal power generation will reach 177.7TWh by 2030 contributing almost 39% of the total power generation in the country maintaining its current dominance, according to […]

Power

Peruvian Government turns to renewable power as it seeks to reduce GHG emission, says GlobalData

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 its GHG emission. GlobalData, a leading data and analytics company, expects Peru to reach a total renewable capacity of 3.91 GW by 2030, of which onshore wind power will account […]

Power

EVs finally beginning to fulfil prophecies in 2020 as sales grew 40.9% YOY, says GlobalData

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% of car sales in 2020, according to GlobalData, a leading data and analytics company. GlobalData’s latest theme report, ‘Electric Vehicle – Thematic Research’, reveals that globally, EV sales surpassed 3.1 […]

Power

India on course to achieve only 65-69% of its 2022 renewable target, says GlobalData

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 2022. India is the fifth largest renewable market with an installed capacity of 94.5 GW (including both on-grid and off-grid) at the end of February 2021 and needs another 80.5 […]

Power

COVID-19 and sustainability among top themes set to impact power industry in 2021, according to GlobalData

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 set to have the most influence on the sector. GlobalData’s report, ‘Power Predictions 2021 – Thematic Research’, also identifies the other key themes that will shape the industry in 2021, […]

Power

Poland’s solar PV capacity grows threefold on back of ‘My Electricity’ program, says GlobalData

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 promote renewable energy. According to leading data and analytics company GlobalData, Poland’s incentive measures – such as the ‘My Electricity’ program – have already triggered massive improvement and are setting […]

Power, Strategic Intelligence

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 […]

Power

Argentina plans to increase renewable power by more than threefold by 2030, says GlobalData

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 more than threefold by 2030, of which more than 65% of the power generation will be sourced from onshore wind power. Argentina plans to add significant renewable power capacity during […]

Power

India to impose basic customs duty on solar equipment to avoid future supply chain disruptions, says GlobalData

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 dependence on imports, avert any imminent supply chain disruptions and expand domestic manufacturing base, says GlobalData, a leading data and analytics company. Mohit Prasad, Project Manager of Power at GlobalData, […]

Mining, Power, Press Release

Copper production in Peru is forecast to rise by 10.4% in 2021, says GlobalData

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% to 2,137.6kt. In 2021, the country’s copper production is forecast to bounce back by 10.4%, to reach 2.4 million tonnes (Mt), and then 3.1Mt by 2024, equivalent to a compound […]

Power

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 […]

Power

APAC will lead global battery energy storage market over next four years, says GlobalData

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 expected to maintain its top position in the forecast period up to 2025, as well its market share of approximately 53.5% in 2025, followed by Europe, Middle East and Africa […]

Power

Solar PV overtakes wind to lead India’s sustainable power transformation, says GlobalData

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 emerge as the top clean energy producer in the country as of January 2021, according to GlobalData, a leading data and analytics company. As per the Ministry of New and […]

Power

Power blackout forces Texas to relook into equipment winterizing rules, says GlobalData

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 strong winter storm, the usage of heating appliances has amplified. However, frozen wind turbines and limited gas supplies have hampered the power generation in the state resulting in power outage. […]

Power

Andhra Pradesh makes progress in achieving 10 GW solar target for farming needs, says GlobalData

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 positive move and allows to supply uninterrupted free power during the day to the farmers, according to GlobalData, a leading data and analytics company. The move forms part of a […]

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Skadden, Arps, Slate, Meagher & Flom and Watson Farley & Williams top M&A legal advisers by value and volume in power sector for Q1 2021, finds GlobalData

Citi and Barclays top M&A financial advisers by value and volume in power sector for Q1 2021, finds GlobalData

New climate targets for the current decade require focus on renewable power and electrification, says GlobalData

Philippines power capacity expected to grow more than twofold by 2030, says GlobalData

Poland set to surpass 2030 solar PV installation target, says GlobalData

Coal to lead Vietnam power generation over next decade, says GlobalData

Peruvian Government turns to renewable power as it seeks to reduce GHG emission, says GlobalData

EVs finally beginning to fulfil prophecies in 2020 as sales grew 40.9% YOY, says GlobalData

India on course to achieve only 65-69% of its 2022 renewable target, says GlobalData

COVID-19 and sustainability among top themes set to impact power industry in 2021, according to GlobalData

Poland’s solar PV capacity grows threefold on back of ‘My Electricity’ program, says GlobalData

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

Argentina plans to increase renewable power by more than threefold by 2030, says GlobalData

India to impose basic customs duty on solar equipment to avoid future supply chain disruptions, says GlobalData

Copper production in Peru is forecast to rise by 10.4% in 2021, says GlobalData

Solar PV sole driver for renewable power in Singapore, says GlobalData

APAC will lead global battery energy storage market over next four years, says GlobalData

Solar PV overtakes wind to lead India’s sustainable power transformation, says GlobalData

Power blackout forces Texas to relook into equipment winterizing rules, says GlobalData

Andhra Pradesh makes progress in achieving 10 GW solar target for farming needs, says GlobalData

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