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Power

Renewables to represent 30% of US total installed capacity by 2030

The contribution of renewable power to total installed capacity in the US is expected to double from 15% in 2018 to 30% by 2030, reaching a total of 442.8 gigawatt (GW). Representing a compound annual growth rate (CAGR) of 7.3%, this projection can be attributed to more states adopting and updating renewable energy policies, as […]
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UK market revival is crucial for E.ON in H2 2019

Following the release of E.ON SE’s first half 2019 results; Mohit Prasad, Project Manager at GlobalData, a leading data and analytics company, offers his view: “E.ON SE has reported a steep fall in its adjusted Earnings Before Interest and Taxes (EBIT) by 12% at the end of the first half of 2019 compared to last […]
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Renewable energy is expected to comprise 50% of Chile’s power mix by 2030

Renewable energy, the only way forward to the global climate change mitigation and environmental requirements, is expected to comprise 50% of Chile’s power mix by 2030, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Chile Power Market Outlook to 2030, Update 2019 – Market Trends, Regulations, and Competitive Landscape’, reveals that […]
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Vattenfall demonstrates offshore wind farms can be profitable without the aid of subsidies with construction of Hollandse Kust Zuid 3 and 4

Vattenfall has announced it will be constructing the Hollandse Kust Zuid (HKZ) 3 and 4 offshore wind farm on a zero subsidy mechanism; the second project in the Netherlands following Hollandse Kust Zuid (HKZ) 1 and 2. The wind farms will have a combined capacity of approximately 1.5 gigawatts (GW) and will be the first […]
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Portugal’s position as Europe’s emerging market for solar PV installations bolstered by positive response to solar auction

Portugal’s first-ever solar photovoltaic (PV) auction for 1.4 gigawatts (GW) tender has received offers for 10GW and 64 companies have shown interest to develop solar power projects. The overwhelming response from international and domestic developers has enabled Portugal to strengthen its claim as Europe’s emerging market for solar PV installations, says GlobalData, a leading data […]
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Despite slowdown in capacity additions, China will continue to lead global steam turbine market between 2019 and 2023, says GlobalData

The global steam turbine market registered a market value of US$9.25bn in 2018, primarily driven by growth in China. Despite a slowdown in capacity additions, the country will continue to lead the global market, followed by India, the US, Egypt and Vietnam, between 2019 and 2023, according to GlobalData, a leading data and analytics company. […]
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China will continue to lead global high-voltage direct current converter stations market between 2019 and 2023, says GlobalData

The global high-voltage direct current (HVDC) converter stations market growth is set to more than double from US$3.24bn in 2018 to US$6.88bn in 2023, primarily driven by growth in China, according to GlobalData, a leading data and analytics company. The company’s latest report ‘HVDC Converter Stations, Update 2019 – Global Market Size, Competitive Landscape and […]
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