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Power

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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Germany goes aggressive on renewables with the latest amendment of the EEG asking for highly optimistic annual RE additions, says Globaldata

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%, instead of the originally targeted 50%, of its electricity consumption comes from renewable sources by 2030. Such stricter targets would mean that, during 2021-2030, the country’s solar photovoltaic (PV) and […]
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China emerges as leader in solar PV installations as COVID-19 makes dent in renewables market, reveals GlobalData

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 lockdown restrictions, the impact of the global economic slowdown will dent the renewables market, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Thematic Research: Renewable Energy’, highlights […]
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South Korea’s Green New Deal to create sustainable ecosystem with offshore wind and solar PV playing pivotal roles, says GlobalData

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 creation of a sustainable ecosystem by attaining net-zero emissions by 2050 and mitigate the risk of climate crisis. The deal affirms South Korea’s desire to make big advancements in the […]
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Italian renewable industry expands future renewable development amid land constraints and commercial viability

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 issues of land constraints and making continuous strides in meeting the net carbon neutrality ambition by 2050. The constant decline in the development costs for offshore wind and floating solar […]
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