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Power

Solar to steer brisk EU transition from ‘grey’ to ‘green’ hydrogen economy as renewables gain preference during COVID-19 pandemic, says GlobalData

The EU has decided to target 33% of its installed capacity from renewable sources following the largest year-on-year (YOY) percentage growth in total installed capacity. Having set themselves stiff solar targets, key EU countries are looking at green hydrogen to boost their renewable drive, supported by the recently announced €1.85 trillion fiscal stimuli. However, while […]
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China’s massive hydropower build up within the country and globally to prevent the capacity and generation share from falling significantly, says GlobalData

Between 2019 and 2030, the share of hydropower in several major countries is estimated to continue falling. But globally, the decline is estimated to be less significant during this period, mostly due to the large scale capacity additions by Chinese companies not only in China but also in other countries. Most of the largest upcoming […]
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Solar PV short-term outlook to remain unchanged as industry expects stimulus measures in COVID-19 recovery packages, says GlobalData

COVID-19 has disrupted the global supply chain, making it difficult for solar PV developers to pursue project development activities, and impacted the annual installed solar capacity this year. However, the drop in solar PV Levelized cost of energy (LCOE) and power purchase agreements (PPA) over the years, combined with the limelight shifting to renewables during […]
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COVID-19 may provide an opportunity for economic stimulus and recovery efforts to boost clean energy transition in India, says GlobalData

COVID-19 has given birth to some solid challenges across the Indian power and transport value chain in the form of liquidity limitations, logistics, supply-demand challenges, and shifts in consumer demand and generating preferences. A study by NITI Aayog and Rocky Mountain Institute (RMI) recognized that the pandemic can provide an opportunity to propel the clean […]
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US utility-scale solar PV installation improves even as COVID-19 may dampen 2020 installation outlook, says GlobalData

The COVID-19 outbreak has disrupted the value chains and impacted power industries worldwide. The US solar industry is no different from the situation with the Q1 witnessing record installations in the first quarter. Even as the utility-scale installation improving, the pandemic is likely to dampen the sentiments and mute the project development activities for the […]
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Investment in renewable energy transition could act as a powerful recovery mechanism from COVID-19, says GlobalData

As the global economies try to mitigate the COVID-19 impact, investment in renewable energy expansion becomes an important cog in the wheel towards the economic recovery journey. Expanding the renewables will not only help countries deliver stronger climate action under the Paris Agreement but also fuel the economic activities across the value chain forming a […]
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Solar sector stands to reap benefits as solar irradiance improves due to COVID-19 induced lockdown, says GlobalData

With the lockdowns being implemented during April, the Indian electricity load patterns shifted significantly. As per the Central Electricity Authority (CEA), in comparison to 2019, the generation from the solar sector increased during March, April and May 2020. Such large leaps from renewable energy were seen because of the pollution-free environment, and good micro-climatic conditions […]
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India’s power generation still far away from normal, says GlobalData

Due to the country-wide COVID-19 lockdown during April and May 2020 in India, electricity generation witnessed a reduction owing to reduced electricity demand. Subsequently, the year-on-year generation saw a reduction of 23.1% and 16.2%, respectively, during these two months. However, with the the lockdown easing out gradually, the year-on-year change has been about 15% lower […]
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Ontario Government’s extension of electricity relief measures will be beneficial in COVID-19 recovery phase

Based on the average cost of electricity, the government of Ontario decided to remove the initially decided fixed rate of CAD0.101/kWh and establish the COVID-19 recovery rate of CAD0.128/kWh until October 2020. This will provide customers with greater flexibility in using electricity without paying high peak or mid-peak prices, says GlobalData, a leading data and analytics company. Somik Das, Power Analyst at GlobalData, comments: “Having […]
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