World’s favourite power source in 2016? Solar!

Solar has become the world’s favourite type of electricity generation, with more capacity installed than any other technology. The latest update from GlobalData Power Attractiveness Index (GPAI) found around 72GW of new solar PV capacity was installed in 2016. It was followed by wind energy with 53GW, coal with 52GW, gas with 41GW and hydro […]

US green energy sector ‘to grow to 216GW by 2025’

The non-hydro renewable energy sector in the US will rise to 216GW by 2025. That’s an annual growth of 5.9% within a decade, new figures from GlobalData revealed. “This suggests that the current US Government, aware of the country’s status as one of the world’s leading carbon emitters, fully supports the growth of clean generation […]

Asia-Pacific set to overtake Europe in solar

The Asia-Pacific region will install 345.33GW of solar capacity by 2025. That’s the finding of a report by GlobalData which stated the region will overtake Europe to become the largest contributor of solar. The increase will take place at an annual rate of 16.7%. South Korea is the major centre for development of solar technology, according […]

Global offshore wind power to reach 40GW by 2020

The global offshore wind power market is expected to increase more than fivefold in the next six years, according to a new report. Capacity could rise from 7.1GW in 2013 to 39.9GW by the end of the decade, analysts at GlobalData predict. The research and consulting firm expects offshore wind to become one of the […]

UK offshore wind capacity to hit 11GW by 2020

The offshore wind capacity in the UK could hit 11GW by the end of the decade, according to a new report. That’s an increase from around 0.3GW in 2006 and 3.7GW in 2013, analysts at GlobalData said. Investment is also expected to jump from $3.3 billion (£2bn) last year to $7.53 billion (£4.6bn) by the […]

Global wind power capacity ‘to more than double by 2020’

China is set to lead the global wind power capacity market, which is expected to more than double by the end of the decade, a new report claims. Wind power capacity will rise from 319.6GW at the end of last year to 678.5GW by 2020, according to research and consulting firm GlobalData. Its report claims […]

EU Governments should ‘look at US’ for renewables policy

The US has a “more progressive” renewable support policy and Governments in Europe should “take a look” at that. That’s the view of analysts at GlobalData, which suggests the US has a better policy framework for renewable energy. The Production Tax Credit (PTC), which is the major support scheme for renewables in the US, provides […]

Europe ‘pays more for energy than the US’

Europe is paying more for electricity than the United States while the two are headed in “opposite directions” when it comes to energy prices, analysts claimed this week. Different renewable energy subsidies, fossil fuel prices and tax are affecting homeowners’ electricity prices across the two regions, according to consulting firm GlobalData. The analysts say German […]

EU’s efficiency measures a ‘hammer blow’ for smart metering

Smaller countries are likely to back out of smart metering schemes as the EU’s energy efficiency measures “waters down” the billing and metering requirements found in previous drafts. A research and consulting firm claims many countries are concerned about the cost of smart metering proposed under the EU’s Energy Efficiency Directive, which was agreed by […]

Ignore the headlines – commercial shale gas ‘isn’t nigh’

Fears that thousands of shale gas drilling rigs will sprout up across the country are unfounded as the industry is unlikely to be commercial for years, according to analysts. Anti-shale gas campaigners were in uproar yesterday after Energy Secretary Ed Davey announced a ban on hydraulic fracturing or “fracking” for the gas would be lifted. […]