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Power

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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Croatia adopts auctions to drive renewable growth in power mix, with solar PV to represent 50% of tendered capacity, says GlobalData

The Croatian Government introduced a provision to assign 2.26GW of renewable energy capacity under an auction scheme, which includes technologies such as hydropower, wind, solar PV, biopower and geothermal energy. GlobalData predicts that auctions such as these will help develop the Croatian renewable sector and support the country towards its target of producing 36.4% of […]
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Right time for nuclear to play extended role along with renewables to deliver clean energy system, says GlobalData

With the world looking to consolidate ventures in cleaner and greener electricity sources post-COVID-29 pandemic phase, electricity from nuclear sources offer an option. The World Nuclear Association in its study states the opportunity for governments to invest in nuclear energy, which addresses the COVID-19 crisis and manages issues such as climate change, air pollution and […]
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Spain’s carbon era expected to come to an end as COVID-19 drives gas generation and renewables expansion

Spain has implemented strict steps during the COVID-19 pandemic, the most notable being the country shutting down eight of its coal-based generation units, as well as its decision to phase out coal-based generation by 2025. The low cost of gas is acting as a likely trigger for the country to extend gas-based electricity generation, thereby moving away from the unviable coal-based power plants, according to GlobalData, a leading data and analytics company. Spain’s electricity demand was down 8.5% in […]
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Israel’s continued reliance on gas power generation may jeopardize efforts to achieve carbon neutrality by mid century, says GlobalData

The Organization for Economic Co-operation and Development’s (OECD’s) Environment Directorate specified that creating an electricity framework based on natural gas will threaten decarbonization objectives due to the lock-in period in carbon-intensive infrastructure. Continued reliance on gas-based generation in  Israel is expected to diminish the country’s efforts in mitigating carbon emissions, says GlobalData, a leading data […]
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Fast-paced renewable energy growth to draw substantial investments in Indian transmission infrastructure, says GlobalData

The Indian transmission infrastructure is likely to grow by over 25% between 2020 and 2025, mainly driven by the rapid growth in the renewable capacity which has seen limited expansion due to lack of infrastructure, says GlobalData, a leading data and analytics company. According to GlobalData’s estimates, the Indian power transmission infrastructure would need an […]
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Colombia boasts a strong solar PV and wind push to reduce dependence from vulnerable hydro generation to a resilient green generation mix, says GlobalData

Reviewing its activities in the wake of the country’s Energy and Mining Transition, the  Colombian Government has diverted its focus on expanding its solar PV and wind installed capacity through auction and non auction mechnisms. The nation relies heavily on hydropower generation, which has become increasingly vulnerable to weather variability – specifically the hot and […]
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Growth of wind and solar PV to compliment Sweden’s hydropower to achieve 100% RE generation target by 2040, says GlobalData

Taking advantage of government incentives and declining costs, the share of wind and solar energy combined have reached almost 14% in Sweden’s generation mix. While the country’s solar PV sector is still in a nascent stage, GlobalData notes that rising support from the Swedish Government and the country’s push towards clean energy are expected to […]
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Indonesian geothermal sector to benefit from newly proposed renewable energy reforms, says GlobalData

Indonesia is preparing a presidential regulation on renewable energy pricing to gain the investors’ trust in the clean energy sector. The move benefits the Indonesian renewable energy landscape, particularly the geothermal sector, says GlobalData, a leading data and analytics company. According to GlobalData, renewables (including small hydro) formed 6.8% of the overall installation in the […]
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Growing UK offshore wind becomes cheaper than nuclear and gas, expanding installations that might help the nation accomplish 2030 target, says GlobalData

The Imperial College London conducted a study where it shows that the UK offshore wind generation costs have significantly declined in the last few years, tossing in the plausibility of the segment soon being subsidy negative as per their contract for difference (CfD). GlobalData anticipates that the declining costs not only make offshore wind a […]
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