2024-04-19
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Middle East renewables surge as energy transition accelerates, says GlobalData’s MEED

Middle East renewables surge as energy transition accelerates, says GlobalData’s MEED
08/17/2021

Renewable energy project contract awards in 2021 have eclipsed deals for conventional power plant projects in the Middle East as the region’s energy diversification agenda gathers pace, according to GlobalData’s MEED.

Renewable power capacity in Turkey to more than double by 2030, says GlobalData

Renewable power capacity in Turkey to more than double by 2030, says GlobalData
08/09/2021

Renewable power capacity* in Turkey is expected to increase from 19.07GW in 2020 to 49.31GW by 2030, growing at a remarkable compound annual growth rate (CAGR) of 10%, according to GlobalData, a leading data and analytics company.

Middle East power outages highlight urgent need for reform, says GlobalData’s MEED

Middle East power outages highlight urgent need for reform, says GlobalData’s MEED
07/20/2021

The failure of Lebanon’s electricity supply highlights the inadequacy of public services in many parts of the Middle East and North Africa, says GlobalData’s MEED.

Despite 46% growth in annual installed onshore wind capacity in 2020, Germany still off-target, says GlobalData

Despite 46% growth in annual installed onshore wind capacity in 2020, Germany still off-target, says GlobalData
02/08/2021

The German onshore wind industry witnessed a massive year-on-year growth of 46% in terms of installation with the addition of 1,431 MW or 420 turbines in 2020.

Biden’s carbon-free power plan equivalent to quadrupling renewables growth, says GlobalData

Biden’s carbon-free power plan equivalent to quadrupling renewables growth, says GlobalData
01/22/2021

Following President Biden’s moves to implement new climate policies upon taking office yesterday, Will Scargill, Managing Oil and Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the targets set out for decarbonizing the power sector:

Germany, Spain and UK to foster green Europe transition, while coal-based generation faces darkness in the COVID-19 standstill, says GlobalData

Germany, Spain and UK to foster green Europe transition, while coal-based generation faces darkness in the COVID-19 standstill, says GlobalData
08/07/2020

The COVID-19 pandemic drew the curtains over coal-based generation. Especially countries such as Germany, Spain and the UK, which saw the most decline in electricity demand and marshaled other countries in the expanding of power generation from renewable sources.

COVID-19 pandemic delays auctions in Brazil, says GlobalData

COVID-19 pandemic delays auctions in Brazil, says GlobalData

04/16/2020

The Ministry of Mines and Energy (MEM) in Brazil, has indefinitely postponed the national energy generation and transmission auctions that were scheduled for May, 2020.

UK wind turbine prices might increase post-COVID-19, says GlobalData

UK wind turbine prices might increase post-COVID-19, says GlobalData
04/15/2020

According to the UK Government, nearly 15GW of wind projects, primarily offshore, have been classified as ‘awaiting construction’. These are projects waiting to secure viable financing before construction begins.

Coronavirus pandemic could impact the way we shop and help the environment at the same time, says GlobalData

Coronavirus pandemic could impact the way we shop and help the environment at the same time, says GlobalData
03/30/2020

The spread of coronavirus (COVID-19) across the globe is having devastating effects on consumers’ lives, global politics and the global economy – one topic of discussion that seems to have been put on the back burner for now, is the environmental impact.

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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