Non-hydro renewable is expected to show the highest growth rate in Vietnam, registering a compound annual growth rate (CAGR) of 22.4%, due to government policies and the untapped renewable potential, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Vietnam Power Market Outlook to 2030, Update 2019 – Market Trends, Regulations, and […]
China to lead global concentrated solar power market by 2030, says GlobalData
The global CSP capacity is estimated to increase significantly from 5.6 gigawatt (GW) in 2018 to 22.4 GW in 2030 following significant capacity additions by China, Chile and countries in Middle East North Africa (MENA) region according to GlobalData, a leading data and analytics company. The company’s latest report ‘Concentrated Solar Power (CSP) Market, Update […]
Despite drop in share, APAC will lead global solar PV market volume through 2022, says GlobalData
Despite a drop in its share, the Asia-Pacific (APAC) region, with its large population base and strong requirement for electricity generation capacity, will continue to influence the global solar PV module market over the forecast period 2018-2022, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Solar PV Module, Update 2018’, reveals that […]
Blockchain is the missing link to transform electric power industry, says GlobalData
The highly regulated electric power industry is in need of enablers to move away from traditional business models with complex operating structures. Blockchain technology is one such to create a paradigm shift in the industry towards a more decentralized and transactional environment, says GlobalData, a leading data and analytics company. The key challenges that the electric […]
ENGIE is open to inorganic opportunities and bullish on Indian power market, says GlobalData
Following the news on 13 November 2018 that global energy and services group ENGIE has acquired a 90% controlling stake in Simpa Energy India to fund geographic expansion and accelerate growth, Ankit Mathur, Power Industry Analyst at GlobalData, a leading data and analytics company, offers his view on this development and its implications: “The Indian […]
Burgeoning global electric vehicle market will drive lithium demand over the next five years, says GlobalData
The demand for electric vehicles (EVs), which have emerged as a clean alternative to traditional vehicles, has picked up in the recent years. GlobalData, a leading data and analytics company, forecasts that the demand for lithium, needed for the production of lithium-ion batteries for use in EVs, will more than double from 26.7kt in 2018 to […]
BP’s acquisition of Chargemaster essential for future growth as electric vehicles set to reach 90% of all car sales by 2050, says GlobalData
Following yesterday’s news (Thursday 28 June) that BP is acquiring Chargemaster, the largest charging infrastructure company in the UK, Harminder Singh, Director for Power at GlobalData, a leading data and analytics company, offers his views on this development: ‘‘In a significant move, BP has acquired Chargemaster, the UK’s largest electric vehicle (EV) charging company, making […]
JinkoSolar maintained its position as top solar PV module shipment provider in 2017, says GlobalData
JinkoSolar Holding was the leading company for global solar photovoltaic (PV) module shipments in 2017. The company had shipments of 9.7 gigawatts (GW) of PV modules compared to Trina Solar’s 9.1 GW, keeping its rival in second place, according to GlobalData, a leading data and analytics company. The global solar PV module market was valued […]