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Power

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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Offshore wind capable to support Norway’s power export while it remains majorly dependent on hydropower, says GlobalData

Norway has majorly been a net electricity exporter and is amongst the top 10 electricity exporting nations in Europe. Primarily reliant on hydropower, the country is an open electric market and its grid is well integrated with the other Nordic countries namely Sweden, Denmark, Germany and the Netherlands. To further support its electricity export, Norway […]
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Poland’s ambitious amendments to PEP40 is strong enough to expedite the shift from coal power

A combination of rising carbon emission costs, the EU’s ambitious climate policies and the impact of COVID-19 is encouraging Polish authorities to expedite its energy transformation. The upgraded energy strategy, currently awaiting government approval, demonstrates the country’s desire to decay coal-based generation’s share in electricity generation, with investment pointed towards atomic and offshore wind project […]
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APAC to lead global wind gearbox and direct-drive equipment markets over next four years, says GlobalData

Asia-Pacific (APAC) is expected to continue to lead the global wind gearbox and direct-drive equipment markets between 2020 and 2024 with a projected market share of 50.7% and 64%, respectively, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Wind Gearbox and Direct-Drive, Update 2020 – Global Market Size, Competitive Landscape and Key Country […]
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EVs pushing battery prices down and ESS to pave way for next phase of energy transition, reveals GlobalData

Energy storage systems (ESS) installations linked to the electricity grid and ancillary services will witness rapid growth in the coming two to three years because of their increasing number of applications and the falling cost of systems due to electric vehicle (EV) development. Key drivers are increased variable renewables integration, rising energy demand, asset retirements […]
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Success of proposed Australian-ASEAN Power Link crucial to make Australia solar energy super-power, says GlobalData

Australia granted a ‘Major Project’ status to Sun Cable’s US$15.8bn proposed Australian-ASEAN Power Link (AAPL) that could mark Australia as the leading exporter of power generation from solar PV. The venture highlights a 4,500km high voltage direct current (HVDC) transmission framework, connecting a 10GW solar and 30GWh storage facility near Darwin, Australia, with Singapore. The […]
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Australia to see fastest energy transition in the world due to sizeable renewable project pipeline and 94% renewables generation target by 2040, says GlobalData

Australia is headed towards achieving the fastest energy transition to renewable sources in the world despite challenges such as bushfires and a halt in construction activities due to COVID-19. The country’s declining cost of distributed energy resources, variable energy, and the willingness to provide cheap electricity to its consumers will be strong underlying catalysts for […]
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