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Power

COVID-19 pandemic hurts fossil fuel sector

The coal sector is expected to take the major brunt of the COVID-19 outbreak as electricity demand decreases due to production halts in major factories and industrial units globally, says GlobalData, a leading data and analytics company. Somik Das, Senior Power Analyst at GlobalData, comments: “Planned coal projects are expected to face challenges in obtaining […]
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Manufacturing companies repurpose facilities to combat COVID-19

In the wake of the COVID-19 pandemic, manufacturing companies from across the globe are adapting their production plans in an effort to combat the virus, says GlobalData, a leading data and analytics company. Steps taken involve repurposing production and R&D capabilities. For instance, luxury brands such as LVMH are switching production lines from producing perfume […]
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COVID-19 causes decline of 0.24GW in UK’s estimated annual installed capacity for 2020

The UK’s annual wind installation market has so far been negatively impacted by the COVID-19 pandemic and this is expected to continue throughout 2020. The total annual installations for wind power was 2.47 gigawatt (GW) in 2019 and pre-COVID-19, annual installations were estimated to be 1.22GW in 2020. However, annual installations could now stand at 980 megawatt (MW) for 2020, says GlobalData, a leading data and analytics company. Major companies in the sector such as Siemens Gamesa Renewable Energy (SGRE) […]
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Global nuclear industry plans to operate efficiently amid COVID-19 pandemic, says GlobalData

The global nuclear industry’s already established robust safety culture is helping related organizations to act fast and modify their processes during the COVID-19 pandemic, says GlobalData, a leading data and analytics company. The International Atomic Energy Agency (IAEA) is providing support to fourteen countries situated in Asia, Africa, the Caribbean and Latin America to tackle […]
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Greece is in control of COVID-19 pandemic following successful second joint renewable auction

Following the news that Greece held its second joint renewable auction for solar photovoltaics (PV) and wind power projects amidst the COVID-19 pandemic, awarding 502.9 megawatt (MW) of renewable capacity to five participants; Somik Das, Power Analyst at GlobalData, a leading data and analytics company, offers his view: “The strong participation and the success of the auctions itself suggest that Greece’s renewable sector is facing the brunt of the pandemic well. Big players such as EMV, Heliotherma Energy and Greece based Panagakos Group […]
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COVID-19 pandemic delays auctions in Brazil, says GlobalData

The Ministry of Mines and Energy (MEM) in Brazil, has indefinitely postponed the national energy generation and transmission auctions that were scheduled for May, 2020. This includes both the A-4 and A-6 auctions, as well as tenders for transmission lines. Before the pandemic, the nation’s three-year plan comprised an A-4 auction in the first half […]
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 UK wind turbine prices might increase post-COVID-19, says GlobalData

According to the UK Government, nearly 15GW of wind projects, primarily offshore, have been classified as ‘awaiting construction’. These are projects waiting to secure viable financing before construction begins. The ongoing disruption caused by the COVID-19 outbreak could prove to be a source of concern for potential investors. Furthermore, round-four offshore wind power auctions have […]
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Manufacturing disruptions in China to ramp up wind turbine prices in the US

The US was the second-largest market for wind with a total cumulative installed capacity of 105.5GW, in 2019. Despite being the second-largest market, the US depends on China for numerous components present inside the nacelle, such as transformers, converters, and inverters, which is likely to cause prices to rise, says GlobalData, a leading data and analytics company. Manufacturing disruptions in China have resulted in concerns from developers worldwide, seeking to complete projects or procure financing. The components for turbine fabrication are mainly sourced from Spain, India, and China, all of whom have or are continuing to experience the significant […]
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DJ Basin yet another victim of price war, says GlobalData

The oil price war has forced operators in the DJ Basin to drop rig count by 40% and reduce capital expenditure (capex) by US$ 384 million in 2020. By assessing the readjustment of capex for nine companies that account for approximately 75% of total DJ Basin production, leading data and analytics company GlobalData estimates a […]
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France supports clean energy sector despite COVID-19, says GlobalData

This month, the French Ministry of Ecological and Inclusive Transition awarded 960MW of solar photovoltaic (PV) capacity through different tenders, and a total of 288 PV and wind projects have been allocated. These measures show that the French Government is doing all it can to ensure that the renewable energy sector receives the adequate support […]
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Coronavirus pandemic delays Portugal’s solar plans, says GlobalData

Following the news that Portugal has post-poned its 700MW auction until the market is less turbulent; Somik Das, Power Analyst at GlobalData, a leading data and analytics company, offers his view: “In a major blow to the nation, the coronavirus (COVID-19) pandemic has caused more than 4,200 deaths, which has made the market unpredictable. “That the […]
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