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Power

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 […]
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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 […]
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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 […]
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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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Complete privatization might reduce the additional financial burden on Indian DISCOMS post-COVID-19, says GlobalData

COVID-19 had impacted the revenues of the electricity distribution companies (DISCOMs) in India. Apart from the $265bn economic recovery stimulus package, the Indian Government announced $12.5bn bailout package to state distributions utilities to pay-off their dues to generators. It will be difficult for the government to support the loss making distribution utilities in the future […]
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Amid the COVID-19, the partnership with Eneris, to relieve Leclanche off capital burden while guaranteeing production capacity, says GlobalData

The comprehensive Strategic partnership agreements signed between Leclanche and Eneris Group is likely to create a market-leading Joint Venture (JV). Amid the COVID-19, Leclanche had planned for a strategic reorganization. The partnership with Eneris Group will enable the Company to secure the funding and resources that are likely to help the Company achieve its goal […]
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China’s development of 14 UHV projects to provide greater thrust to economic recovery path, says GlobalData

In order to tackle the economic impact caused by COVID-19, China decided to invest in new infrastructure projects to accelerate economic recovery. The country identified seven priority areas of which ultra-high voltage (UHV) transmission grids and electric vehicle (EV) charging stations provide an opportunity to investors in the power sector. The idea is to quickly […]
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