Power

Energy, Power

Utilities use AI to understand shift in energy use patterns resulting from the COVID-19 pandemic

The spread of the COVID-19 pandemic has prompted state and local governments in the US to put quarantine measures in place. As a result, the pattern in electricity consumption has significantly changed. There were dramatic shifts in energy use between the first and fourth weeks of March 2020. In the US, several non-essential retailers such […]

Power

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 […]

Power

Slovakia’s power consumption will decline in coming weeks due to COVID-19

Electricity companies in Slovakia have witnessed a reduced demand in Q1 2020 when compared with the same period last year due to the COVID-19 outbreak, says GlobalData, a leading data and analytics company. Electricity consumption in Slovakia declined by 2.2% in the first two months of 2020 when compared with the same period of 2019. […]

Power

Switzerland attempts to lift solar PV market with rebates amid COVID-19 pandemic, says GlobalData

In the wake of the COVID-19 pandemic, the Swiss solar PV market is on the verge of experiencing a slump. To offset this threat and support the residential and commercial rooftop solar, Switzerland has offered to increase financial support through rebates by another US$47m. This means around US$387.6m will be available under the solar PV […]

Power

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 […]

Power

US solar PV module shipments declined in first two months of 2020 and will decline further amid COVID-19 pandemic

There was a decline in the month-on-month module shipments in the US in the first two months of the year, according to the latest estimates by the US Energy Information Administration. Somik Das, Power Analyst at GlobalData, comments:“The drop in photovoltaic (PV) shipments is a result of developers and customers overstocking modules in December 2019 […]

Power

Reduced electricity demand and price drop hinders PPA negotiations in short term

In the wake of the pandemic, offices and manufacturing plants are temporarily closed resulting in a decline in power consumption and a drop in electricity prices. This is expected to impact existing power purchase agreements (PPA) as suppliers may have to either face a liquidity crunch to honor their PPA commitments or delay payments, which […]

Power

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 […]

Power

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 […]

Power

UK households with smart meters reap benefits amid COVID-19 pandemic, says GlobalData

Customers of Octopus Energy’s Agile tariff are being paid to use electricity during the day, as wind and solar projects produce a surge in clean energy and diminishing electricity demand during the coronavirus lockdown. Customers will still be charged for the electricity consumed during the rest of the day, but these electricity rebates have become increasingly […]

Power

Despite severe disruptions, Canadian Solar’s Chinese PV manufacturing experiences limited impact of COVID-19 outbreak, says GlobalData

Canadian Solar, the world’s fifth-largest solar PV module manufacturer, recently stated that it had experienced limited impact of the COVID-19 outbreak on its production facilities in China. Although the company faced severe disruptions from January-mid by way of capacity loss amidst the COVID-19 carnage, it did not have a large impact on the production facilities, […]

Power, Uncategorised

Disruptions to supplies from China due to COVID-19 might slowdown wind installations in India, says GlobalData

Wind energy has been the fastest growing renewable energy sector in India in terms of installed capacity. India is the world’s fourth-largest onshore wind market with a cumulative installed capacity of 38.1 GW as of 2019. The COVID-19 pandemic is expected to cause wind commissioning project delays due to disruptions to the supplies from China, […]

Power

Chinese solar PV capacity additions likely to fall short of previous projections due to COVID-19, says GlobalData

Due to the COVID-19 outbreak and its impact, it is expected that China’s solar PV capacity additions for 2020 would fall short by 6.6GW compared to the earlier estimates. Before the onset of the pandemic, 40GW capacity addition was estimated for 2020, up from 30.1GW in 2019. However, the current projections show that installations are […]

Power

COVID-19 hinders global clean energy sector as Chinese battery production capacity set to fall by 10% in 2020, says GlobalData

Manufacturing in the global clean energy sector, including renewable energy, battery energy storage, electric vehicles (EVs), and the renewable heat and cooling markets is highly reliant on production from China. The pandemic is expected to reduce Chinese battery manufacturing capacity by 10% in 2020, a shortfall of around 26 GWh of output in China’s planned […]

Power

COVID-19 fails to dent China’s nuclear plans, says GlobalData

China recently reported that the COVID-19 outbreak will have no impact on the progress of the construction of nuclear power plants in the country in the short-term, and the reactors already in operation were also not affected. China was initially expected to approve at least six new nuclear projects in 2020. It has 47 reactors […]

Power, Strategic Intelligence

Commitment to green policies is crucial for long-term COVID-19 recovery, says GlobalData

Following the news that New Zealand’s Climate Change Minister has reiterated the country’s commitment to green policies; Ella Benson Easton, Thematic Analyst at GlobalData, a leading data and analytics company, offers her view on COVID-19 recovery: “COVID-19 has had a dramatic influence on the global economy, sparking fears that the world is set for an unprecedented […]

Power

Spanish wind turbine manufacturers get back to business amid a relaxation of COVID-19 lockdown norms

Vestas Wind Systems, LM Wind Power, Siemens Gamesa Renewable Energy, and Nordex have reopened factories in Spain after the government relaxed lockdown measures.It was previously predicted that the COVID-19 pandemic would have negative effects on wind supply chains, with developers expected to undergo delays due to lockdown-related restrictions. Thus, these major companies getting back to […]

Power

Solar PV could cater to Sub-Saharan Africa’s power troubles amid COVID-19 pandemic

The lockdowns imposed across Africa as a measure to slow down the spread of the COVID-19 pandemic could play as an opportunity to fast-track the adoption of solar power in the continent, as major nations in the region are announcing plans to turn to solar photovoltaics (PV) to deal with the energy crisis aroused by the […]

Power

India’s silicon PV manufacturer provides noble response to COVID-19 outbreak by aspiring to join hands with ventilator manufacturers, says GlobalData

India’s silicon PV manufacturer Central Electronics plans to put together its technical expertise to ramp-up the production of ICU ventilators. It has expressed desire to join hands with ventilator manufacturers, as part of the nation’s response to the COVID-19 pandemic, says GlobalData, a leading data and analytics company. Somik Das, Senior Power Analyst at GlobalData, […]

Power

COVID-19 pandemic disrupts demand-supply of renewable equipment, says GlobalData

The COVID-19 pandemic has altered market dynamics for renewables, impacting all stakeholders along the value chain. Demand-supply disruptions are at large and there will be a decrease in global investments in clean energy, risking the initiatives undertaken to mitigate long-term climate change, says GlobalData, a leading data and analytics company. On the supply side, the […]

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Utilities use AI to understand shift in energy use patterns resulting from the COVID-19 pandemic

Bangladesh launches US$218.7m Green Transformation Fund to facilitate import of environment-friendly products, says GlobalData

Slovakia’s power consumption will decline in coming weeks due to COVID-19

Switzerland attempts to lift solar PV market with rebates amid COVID-19 pandemic, says GlobalData

ENIE helps cash-crunched Dutch amid COVID-19

US solar PV module shipments declined in first two months of 2020 and will decline further amid COVID-19 pandemic

Reduced electricity demand and price drop hinders PPA negotiations in short term

Siemens Gamesa finds optimism in Polish wind market amid COVID-19

Diversification of power equipment suppliers from China intensifies as supply chains plan to tap new markets in Southeast Asia, says GlobalData

UK households with smart meters reap benefits amid COVID-19 pandemic, says GlobalData

Despite severe disruptions, Canadian Solar’s Chinese PV manufacturing experiences limited impact of COVID-19 outbreak, says GlobalData

Disruptions to supplies from China due to COVID-19 might slowdown wind installations in India, says GlobalData

Chinese solar PV capacity additions likely to fall short of previous projections due to COVID-19, says GlobalData

COVID-19 hinders global clean energy sector as Chinese battery production capacity set to fall by 10% in 2020, says GlobalData

COVID-19 fails to dent China’s nuclear plans, says GlobalData

Commitment to green policies is crucial for long-term COVID-19 recovery, says GlobalData

Spanish wind turbine manufacturers get back to business amid a relaxation of COVID-19 lockdown norms

Solar PV could cater to Sub-Saharan Africa’s power troubles amid COVID-19 pandemic

India’s silicon PV manufacturer provides noble response to COVID-19 outbreak by aspiring to join hands with ventilator manufacturers, says GlobalData

COVID-19 pandemic disrupts demand-supply of renewable equipment, says GlobalData

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