2020-01-22
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Battery ‘scale-up’ needed to hit Paris Agreement temperature target, says industry expert

Battery ‘scale-up’ needed to hit Paris Agreement temperature target, says industry expert
01/21/2020

A recent World Economic Forum report found that, in the right conditions, battery technologies could reduce emissions in the transport and power sectors by 30% - enough to hit the 2°C Paris Agreement target.

UK owns seven of top ten mega capacity offshore wind projects globally, says GlobalData

UK owns seven of top ten mega capacity offshore wind projects globally, says GlobalData
12/19/2019

The global offshore wind market is set to grow at a compound annual growth rate of 16.2% between 2019 and 2030, reaching a cumulative capacity of 142 gigawatts (GW) by 2030, compared to 23.2GW at the end of 2018, according to GlobalData, a leading data and analytics company.

Renewable energy to become dominant energy source in France’s capacity mix by 2027, says GlobalData

Renewable energy to become dominant energy source in France’s capacity mix by 2027, says GlobalData
12/11/2019

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.

Orsted’s commissioning of Formosa I marks a milestone for Taiwan’s entry into offshore league

Orsted’s commissioning of Formosa I marks a milestone for Taiwan’s entry into offshore league

11/19/2019

Danish power company Orsted has officially inaugurated Taiwan’s first commercial offshore windfarm, Formosa 1.

Electric vehicles pick up at a rapid pace with five million on the road worldwide, says GlobalData

Electric vehicles pick up at a rapid pace with five million on the road worldwide, says GlobalData
11/12/2019

We are at the very beginning of the era of electric vehicles (EVs). Today, there are five million EVs on the world’s roads, which is up two million from 2018. China is in the leading position, in terms of the largest EV market, followed by Europe and the US. However, large-scale commercial production of EVs by the big car makers is unlikely to take off until 2025, according to GlobalData, a leading data and analytics company.

Global power industry tenders in Q2 2019: Wind technology down 39%

Global power industry tenders in Q2 2019: Wind technology down 39%
09/24/2019

Wind technology tenders activity in Q2 2019 saw 37 tenders announced, marking a drop of 39% over the last four-quarter average of 61, according to GlobalData’s power industry tenders database.

Global Power Industry Contracts in Q2 2019: Wind Technology a Flat Growth

Global Power Industry Contracts in Q2 2019: Wind Technology a Flat Growth
09/12/2019

Wind technology contracts activity in Q2 2019 saw 236 contracts announced, marking a flat growth over the last four-quarter average of 237, according to GlobalData’s power industry contracts database.

Gas and renewable to dominate Belgium’s power generation mix by 2030, says GlobalData

Gas and renewable to dominate Belgium’s power generation mix by 2030, says GlobalData
07/17/2019

Gas and renewable power are set to dominate Belgium’s power generation mix, following the phase-out of 7.2 gigawatts (GW) of cumulative coal and nuclear capacity by 2025.

Solar and wind segments to lead renewable power growth in Sweden during 2019–2030, says GlobalData

Solar and wind segments to lead renewable power growth in Sweden during 2019–2030, says GlobalData
07/16/2019

The overall renewable power capacity, excluding hydropower, in Sweden is projected to more than double from 14.8 gigawatt (GW) in 2019 to 30.4 GW in 2030, according to GlobalData, a leading data and analytics company.

Global power M&A market remained strong in 2018 with transaction volumes reaching US$158bn, reveals GlobalData

Global power M&A market remained strong in 2018 with transaction volumes reaching US$158bn, reveals GlobalData
07/11/2019

The global power mergers and acquisitions (M&A) market remained strong in 2018 with transaction volumes reaching US$158bn, the second highest in the last five years.

Global smart meters market set to reach US$7.06bn in 2023, says GlobalData

Global smart meters market set to reach US$7.06bn in 2023, says GlobalData
06/14/2019

The global smart meters market is estimated to be worth US$7.06bn in 2023, increasing from US$5.8bn in 2018, according to GlobalData, a leading data and analytics company.

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