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