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Power

Power industry in 2020: Electric vehicles, digitalization, grid-scale energy storage, microgrids and corporate PPAs to be key trends, says GlobalData

The power sector is witnessing significant changes. As 2019 draws to a close, Harminder Singh, Director of Power at leading data and analytics company GlobalData, looks at the key trends that will shape the industry in 2020, ranging from electric vehicles to corporate power purchase agreements (PPAs). Electric vehicles “The adoption of electric vehicles (EVs) […]
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Vietnam aims for better grid management through auction schemes for large-scale solar PV projects, says GlobalData

To infuse more transparency and competitiveness, better grid management and reduction in investment risk and electricity prices, Vietnam’s Ministry of Industry and Trade (MOIT) has announced to shift from feed-in-tariffs (FIT) system to new auction schemes for large-scale, grid-connected solar photovoltaic (PV) projects, says GlobalData, a leading data and analytics company. Tarun Bhutani, Project Manager […]
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Poland to meet renewable energy target with amended regulation

The share of renewable energy in Poland’s power capacity mix reached 16.9% in 2018 and is expected to reach 39.1% by 2030 supported by the recently revised renewable energy sources act, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Poland Power Market Outlook to 2030, Update 2019 – Market Trends, Regulations, and Competitive […]
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Renewable energy to become dominant energy source in France’s capacity mix by 2027

Nuclear power, currently the dominant energy source in France, is expected to be overtaken by renewable energy by 2027. The share of renewable energy in France is expected to reach 42.9% of the country’s power mix by 2023, up from 19.9% in 2018, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘France Power Market Outlook to 2030, Update 2019 – Market Trends, […]
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China’s solar modules market grows despite the slowdown in its domestic solar industry

The decline in annual installations of solar photovoltaics (PV) in China does not seem to have had an impact on the country’s solar PV manufacturing industry. The country’s solar PV exports stood at 58 gigawatt (GW) just in the first nine months of 2019, which is a big boost for the industry and this is despite the tariff regime for solar panels implemented by the […]
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Increasing the share of renewable generation in Croatia will drive attainable energy supply security

Croatia’s enormous renewable energy potential has prompted the government to increase the share of renewable energy in its total energy consumption to 36.4% by 2030. Therefore, renewable power capacity (excluding small hydropower) in the country is expected to reach 1.9 gigawatts (GW) by 2030, according to GlobalData, a leading data and analytics company. GlobalData’s latest […]
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Changes in concessional provisions for renewable projects in Andhra Pradesh to bode well for regional distribution utilities

The Andhra Pradesh Government has made several key changes to its policies on solar, wind and hybrid power, effectively taking more control over setting tariffs from such power generation units. However, the amendments made would limit the inordinate benefits provided for the development of solar and wind projects, says GlobalData, a leading data and analytics […]
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Poland solar PV installation is set for exceptional growth

Poland has registered phenomenal growth in solar photovoltaics (PV) installations in 2019 and is expected to install 3.15 gigawatt (GW) of capacity by 2022, according to GlobalData, a leading data and analytics company. Tarun Bhutani, Project Manager at GlobalData, commented: “Poland recently entered the GW club of solar PV capacity in September and is all […]
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