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Power

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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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Global wind power market to reach $124.6bn by 2030 as offshore development continues growth momentum, says GlobalData

Global wind power market size increased from $71.6bn in 2010 to $96.4bn in 2018. During the 2019–2030 forecast period, significant capacity additions in the Asia-Pacific (APAC) region are expected to drive that market, increasing the market size to $124.6bn by 2030, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Wind […]
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Global distribution transformers market expected to witness strong growth over next four years, says GlobalData

The global distribution transformers market is estimated to grow at a compound annual growth rate (CAGR) of 2.25% over the forecast period (2019–2023) to reach $15.36bn in 2023, says GlobalData, a leading data and analytics company. The company’s latest report, ‘Distribution Transformers Market, Update 2019, reveals that market growth can be attributed to government initiatives, evolving market […]
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