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Power

Bangladesh solar PV module manufacturers need stimulus to maintain operations after lockdown extension due to COVID-19 pandemic, says GlobalData

Fllowing the news that the Solar Module Manufacturers Association Bangladesh (SMMAB) requested for government support after operations took a hit due to the 40-day COVID-19 industrial lockdown; Somik Das, Senior Power Analyst at GlobalData, a leading data and analytics company, comments: “Module makers have demanded BDT5bn ($58.9m) to be spent on grants, long-term interest-free loans, […]
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M&A activity in renewable sector to decline amid COVID-19

The number of merger and acquisition (M&A) deals completed within the renewable industry in Q1 2020 dropped by nearly 25% from Q4 2019. These M&As are being affected by factors such as risk aversion from prospective buyers, difficulty in conducting due diligence, deal financing challenges, and additional time required to obtain the necessary approvals. However, […]
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Orsted’s £165,000 is generous but further contributions welcome

Following the announcement that Danish renewables giant Orsted plans to contribute more than £165,000 (€189,000 / $206,624) to provide support to National Health Service (NHS) workers and local food banks in the UK; Somik Das, Power Analyst at GlobalData, a leading data and analytics company, offers his view: “This move by Orsted is an attempt to […]
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UK lockdown provides opportunity to gain insight into managing renewable energy dominated grid

The collapse in demand for electricity during the COVID-19 lockdown, combined with a greater supply of solar power, has led to the UK not using coal-fired power plants to generate electricity for more than 25 days, according to UK Electric Insights. As of 29 April 2020, 24.7% of the generation came from gas-based generation, 11.5% from solar PV, 20.7% from wind, 0.9% from hydro, 29.5% from […]
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Bangladesh launches US$218.7m Green Transformation Fund to facilitate import of environment-friendly products, says GlobalData

Bangladesh has introduced a US$218.7m  (€200m) Green Transformation Fund (GTF) to provide soft loans to solar developers, other environment-friendly products and Eurozone’s energy efficiency components’ importers. This is in addition to the existing US$200m fund to offer soft loans for dollar-denominated imports, says GlobalData, a leading data and analytics company. Somik Das, Senior Power Analyst […]
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ENIE helps cash-crunched Dutch amid COVID-19

In the wake of the COVID-19 pandemic, Dutch solar product distributor ENIE is implementing its ZonneRuilen Program to purchase existing solar rooftop installations. As per the program, the firm is offering to buy installed rooftop systems for around 85% of their initial cost. This way, customers with these solarphotovoltaic (PV) systems get some liquidity during […]
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Siemens Gamesa finds optimism in Polish wind market amid COVID-19

In Poland, Siemens Gamesa Renewable Energy (SGRE) was awarded three projects totaling 184MW. As part of the contracts, the company is expected to supply 63 wind turbines to several customers comprising of independent power producers (IPPs) and national and international utility companies. Somik Das, Power Analyst at GlobalData, comments:“SGRE signing contracts during the pandemic to […]
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Diversification of power equipment suppliers from China intensifies as supply chains plan to tap new markets in Southeast Asia, says GlobalData

China is the largest manufacturing hub for power equipment in the world. With COVID-19 has posing a threat to China’s ambitions to remain as global hotspot for manufacturing, companies are evaluating the efficiency and responsiveness of their supply chains to deal with the challenges arisen from COVID-19 outbreak. The plan of diversification of suppliers from […]
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