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Power

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President Joe Biden’s move to rejoin the Paris Climate Agreement and rolling back of environmental polices withdrawn during the Trump era has brought the country back to the fight against global warming and climate change.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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Vietnam activates renewable development spree, solar and wind to outshine others as cost declines, says GlobalData

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 Development Plan (PDP). The PDP is envisaged to improve electricity infrastructure and expand renewables in the power mix to accelerate decarbonization. Against this backdrop, solar PV and wind are expected […]
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Slaughter and May and Watson Farley & Williams were top M&A legal advisers by value and volume in power sector for Q1-Q3 2020, says GlobalData

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 1,340 deals that were announced during Q1–Q3 2019. Deal value also decreased by 19.5% from $188bn in Q1–Q3 2019 to $151bn in Q1–Q3 2020. In GlobalData’s ranking, Slaughter and May secured top position in terms of value by advising on four deals worth $9bn, which was the highest value among all advisers. Meanwhile, Watson Farley & Williams led in volume terms having advised […]
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Cambodia to reduce reliance on hydropower by developing more coal and solar capacities during 2020-30, says GlobalData

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. The country’s recent 10-year plan has low impetus on developing mainstream dams and seek alternative sources to meet the electricity demand from coal, LNG, solar PV and imports from neighbouring […]
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