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Post-COVID-19 financial uncertainty in India will make renewable energy investors selective about projects, says GlobalData

COVID-19 has impacted the market to such an extent that the market conditions seem gloomy and uncertain in the near future. Hence, investors are expected to be very selective about investing in renewable energy projects ascertaining the developer’s ability and strength, and the cost of debt procurement. This can prove to be a challenge in […]

Power

COVID-19 supply disruptions offer scope for change in Indian solar manufacturing model, says GlobalData

The ongoing COVID-19 pandemic has exposed the over-reliance of countries on China to carry through their energy transition. The pandemic has disrupted the global supply chain with the shutdown of manufacturing units in China. Against this backdrop, the solar imports of India fell by over 75% year-on-year (YoY) in Q1 2020. However, the crisis should […]

Power

WWF Australia’s proposed renewables led stimulus package to revive economy post-COVID-19, says GlobalData

As the COVID-19 pandemic has brought the economy to a standstill, the World Wide Fund (WWF) Australia report suggests that the proposed investments in the renewable technologies are against the government-favored fossil fuel industry. The stimulus measures in the WWF report mainly focuses on the development of green technologies and strengthening the exports. The report […]

Power

Cost-effective renewables continue to get preference in OECD countries amid COVID-19, says GlobalData

Organisation for Economic Co-operation and Development (OECD) countries are experiencing a decline in electricity demand due to the COVID-19 pandemic. This drop is especially prominent in coal-based power generation, which, according to IEA data, saw a drop of over 20% in Q1 2020 compared to 2019. As the solution for COVID-19 is far from near, […]

Power

Canadian electricity demand declines in key provinces in wake of COVID-19 lockdown

The three largest provincial power markets in Canada – Quebec, Ontario, and Alberta – consume more than 70% of the country’s total electricity supply. Since the implementation of the country’s COVID-19 lockdown measures all three provinces have experienced a decline in electricity consumption principally due to reduced loads from industrial and commercial customers according to […]

Power

Increase in electricity prices during COVID-19 might help Egypt restructure the economy and eventually remove subsidies beyond 2024-2025, says GlobalData

Egypt’s plan of cutting down on subsidies came after the devaluation of the national currency, post the three-year IMF program. As a likely measure to remove subsidies beyond 2024-2025, the Egyptian Ministry of Energy increased the electricity consumption costs for the residential sector by between 17% to 30% (19.1% average). The measure earlier was expected […]

Power

COVID-19 pandemic expected to reduce power consumption in US commercial and industrial sectors by more than 4%, says GlobalData

In the US, the pandemic is pulling down peak loads and the on-peak and off-peak hourly prices in many regional markets. Going ahead, US utilities’ cost of capital is likely to increase due to the increased volatility and cost-recovery risks, says GlobalData, a leading data and analytics company. Somik Das, Senior Power Analyst at GlobalData, […]

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Wind project approval delays to hinder UK from achieving offshore capacity and emission reduction targets, says GlobalData

Delays in project approvals is likely to hinder the UK from achieving offshore wind capacity and emission reduction targets within the specified deadline. While there are no tangible signs that the UK Government’s long-term commitment to offshore wind is wavering, the delays in approval decisions are agitating developers, says GlobalData, a leading data and analytics […]

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Norway funds and bets on hydrogen as likely means to provide a green transition to a sustainable future, says GlobalData

Norway’s plan to invest US$384.5m as a green transition package is likely to aid the country on economic and environmental fronts. The environmental support would allow the country to achieve the Paris Climate Agreement target of limiting global temperature rise to less than two degrees by 2050. Alternatively, the economic thrust would help the country […]

Power

COVID-19 expected to put short-term financial stress on Chilean utilities and generators, says GlobalData

With the outbreak of the COVID-19, Chilean distribution utilities are supplying electricity to the customers despite non-payments from them and hence, the utilities are finding it difficult to pay back to the generators as per the power purchase agreements (PPAs). Consequently, the utilities have warned to claim force majeure to protect themselves from the short-term […]

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Italy’s electricity consumption will increase in 2021

The ongoing COVID-19 pandemic has resulted in the shutdown of commercial and industrial sectors for an extended period across several countries and Italy is no exception. However, demand for electricity in the country will gradually show an increasing trend in the second half of the year as more industries restart their manufacturing activity, says GlobalData, a leading […]

Power

MDHSS extends support to help energy customers keep electricity services connection amid COVID-19, says GlobalData

In a bid to provide some relief to the financially crunched state residents amid the COVID-19 pandemic, the Michigan Department of Health and Human Services (MDHHS) is making energy bill payments directly to the utility accounts of consumers. This will not only help the energy consumers financially but also allow them to keep services, which […]

Power

Brazil’s power sector is expected to press the pause button to deal with COVID-19 pandemic, says GlobalData

Recent announcements by Brazilian Energy Ministry and power regulator National Electric Energy Agency (ANEEL) such as the provision of free electricity and the allocation of funds to the power sector are expected to provide necessary relief to distribution utilities and low-income electricity consumers who are badly hit by the pandemic. With these measures, the utilities […]

Power

COVID-19 expected to delay renewable power projects in Argentina in near-term, says GlobalData

The COVID-19 pandemic and the tightening of the economy over the last two years are expected to delay the construction and commissioning of the renewable energy projects in Argentina, says GlobalData, a leading data and analytics company. Reportedly, the tightening of the economy had restricted the project awardees of the RenovAr auction program to access […]

Power

Dominance of wind projects in second CfD auctions highlights troubles of Italian solar PV market, says GlobalData

The ban of solar projects developed on farmlands and Italy’s complicated permit rules are the likely reasons for diminishing interest in solar PV development, says GlobalData, a leading data and analytics company. This puts a strain on the country’s need to simplify authorization, which will aid the growth of the sector. Somik Das, Power Analyst […]

Power

Effects of the COVID-19 pandemic to bring temporary service irregularities resulting in a contraction in nuclear power generation, says GlobalData

As nuclear plants plan to continue operation in the pandemic they face a stiff challenge from a reduced workforce. The general safety embedded measures implemented in plants across the world are modified work schedules, adherence to social distancing guidelines. This has led to the drop in workforce availability, overburdening workers on-site, as their work schedules […]

Power

ENGIE to withdraw 2020 guidance despite strong financials to prepare for COVID-19 market uncertainty, says GlobalData

While ENGIE maintained a strong balance sheet in the first quarter of 2020, it has expectedly pulled down its financial guidance due to the decline in Q1 revenues this year compared to last year. The company has made stern decisions focussing on its profitable businesses. It is likely that this will bring some modifications to […]

Power

COVID-19 outbreak leads to uncertainties in renewable project financing space, says GlobalData

Delays in renewable projects financing is expected during COVID-19 because lenders are aware of the volatility existing in the market and are likely to refrain from making short-term investments, says GlobalData, a leading data and analytics company. Somik Das, Senior Power Analyst at GlobalData, comments: “The inability to assess emerging risks would likely increase debt […]

Power

Coal to play integral part in Japan’s power sector as COVID-19 hurts solar projects’ development, says GlobalData

In the wake of the COVID-19, electricity demand in Japan has dropped and the power prices have declined. The drop in demand and the increase in solar power generation are eventually driving down the wholesale electricity prices. The ongoing economic contraction, delays in the shipment of photovoltaic (PV) modules from China, and low nuclear availability […]

Power

Disruption in equipment supply chain and low oil prices due to COVID-19 to hinder short-term development of renewables in Middle East

The COVID-19 pandemic has disrupted the international supply chain and reduced demand for crude oil, consequently denting government revenues in the Middle East region. It is likely to impact the renewable energy market dynamics in the region in the short term, says GlobalData, a leading data and analytics company. Somik Das, Senior Power Analyst at […]

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Post-COVID-19 financial uncertainty in India will make renewable energy investors selective about projects, says GlobalData

COVID-19 supply disruptions offer scope for change in Indian solar manufacturing model, says GlobalData

WWF Australia’s proposed renewables led stimulus package to revive economy post-COVID-19, says GlobalData

Cost-effective renewables continue to get preference in OECD countries amid COVID-19, says GlobalData

Canadian electricity demand declines in key provinces in wake of COVID-19 lockdown

Increase in electricity prices during COVID-19 might help Egypt restructure the economy and eventually remove subsidies beyond 2024-2025, says GlobalData

COVID-19 pandemic expected to reduce power consumption in US commercial and industrial sectors by more than 4%, says GlobalData

Wind project approval delays to hinder UK from achieving offshore capacity and emission reduction targets, says GlobalData

Norway funds and bets on hydrogen as likely means to provide a green transition to a sustainable future, says GlobalData

COVID-19 expected to put short-term financial stress on Chilean utilities and generators, says GlobalData

Italy’s electricity consumption will increase in 2021

MDHSS extends support to help energy customers keep electricity services connection amid COVID-19, says GlobalData

Brazil’s power sector is expected to press the pause button to deal with COVID-19 pandemic, says GlobalData

COVID-19 expected to delay renewable power projects in Argentina in near-term, says GlobalData

Dominance of wind projects in second CfD auctions highlights troubles of Italian solar PV market, says GlobalData

Effects of the COVID-19 pandemic to bring temporary service irregularities resulting in a contraction in nuclear power generation, says GlobalData

ENGIE to withdraw 2020 guidance despite strong financials to prepare for COVID-19 market uncertainty, says GlobalData

COVID-19 outbreak leads to uncertainties in renewable project financing space, says GlobalData

Coal to play integral part in Japan’s power sector as COVID-19 hurts solar projects’ development, says GlobalData

Disruption in equipment supply chain and low oil prices due to COVID-19 to hinder short-term development of renewables in Middle East

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