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Power

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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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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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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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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Ireland’s renewable auction sees cost reduction and favourable mechanism to support country achieve decade-end target, says GloblaData

The first Renewable Energy Support Scheme (RESS-1) round of Ireland’s first green energy auction provided a stage for the rapid deployment of onshore wind and solar projects. GlobalData, a leading data and analytics company, predicts that the scheme will be pivotal to Ireland’s contribution towards the EU-wide renewable energy target of 32% of overall generation […]
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Spain’s remaining coal-fired plants likely to be phased out by 2025

When Spain ordered a nationwide lockdown, electricity consumption increased in the residential sector. As a cost-effective alternative renewables took center stage as the portion of coal in the electricity generation mix diminished significantly. This led to Spain closing seven of its 15 coal-fired plants totaling around 4.6GW. Leading data and analytics company GlobalData estimates that […]
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Solar PV has potential to drive EU economy while competitive tariffs help sector grow in coming years, says GlobalData

The solar PV sector in Europe is anticipated to have a positive outlook post-COVID-19. Although distributed solar installations declined due to reduced manpower and supply chain delays, substantial impact on the sector resulting from cancellations is less likely. However, delays and postponements in utility-scale projects may well roll the commercialization of the impacted projects to […]
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Germany, Spain and UK to foster green Europe transition, while coal-based generation faces darkness in the COVID-19 standstill, says GlobalData

The COVID-19 pandemic drew the curtains over coal-based generation. Especially countries such as Germany, Spain and the UK, which saw the most decline in electricity demand and marshaled other countries in the expanding of power generation from renewable sources. GlobalData estimates that the year-on-year generation from wind and solar PV in EU countries is expected […]
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COVID-19 kept share of coal-based generation below 20% in H1 2020 as wind leads renewable generation in Germany, says GlobalData

In the wake of the pandemic, with the lockdown in-situ, the decrease in German electricity consumption is mainly attributed to the halt in the major industrial and commercial activities. Even though lockdowns are being eased, data and analytics company GlobalData anticipates utilities to continue preferring the cost-effective renewable sources as demand stays subdued for most […]
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Israel aims towards the sun to enlighten the economic recovery led by massive solar PV ambition, lowering the curtains for coal power generation by 2030, says GlobaData

Israel is taking COVID-19 as an opportunity to shift its focus on transforming its generation mix towards sustainability. The Energy Ministry released a plan to spend US$23bn in government and private funding on solar PV by 2030. The country plans to have 30% of generation from solar PV in 2030 from a meager 5% now. […]
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