global
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Interview
ACWA Power: Crossroads for Exponential Growth in Power and Water
In 2002, the government of Saudi Arabia moved to step up the private sector’s role in the kingdom’s economy by opening the production of power and desalinated water. Saudi firms Abunayyan Trading Co., Abdulkadir Al Muhaidib & Sons Co., and MADA Group for Industrial and Commercial Development sensed a tremendous opportunity, forming ACWA Power Projects […]
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Commentary
A Global Look at Residential Solar Adoption Rates
Solar technology is advancing at a rapid rate, making solar easier to adopt. However, there is still a large potential of growth when it comes to the solar market. Looking at global data, solar photovoltaic (PV) generation has steadily increased for the past several years, and showed the second-largest absolute generation growth of all renewable technologies […]
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News
Report: Investment in Renewables Hit Record High in 2019
Financial support for installations of offshore wind projects helped investment in renewable energy capacity hit a record high in 2019, according to data from research company BloombergNEF (BNEF) released Jan. 16. The group said worldwide investment in renewables was $282.2 billion last year, up 1% from $280.2 billion in 2018. Financing of offshore wind projects, […]
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Press Releases
Solar Installations to Grow by Additional 142 GW in 2020 – Seven Times the World’s Total Solar Installations a Decade Ago
LONDON (January 7, 2020) – Global solar installations will continue double-digit growth rates into the new decade, according to the new 2020 Global Photovoltaic (PV) Demand Forecast by IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions. New annual installations in 2020 will reach 142 gigawatts (GW), a 14 % rise […]
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News
Report: Global Coal-Fired Generation Down 3%
A report from a UK-based online journal that covers climate and energy policy said that coal-fired power generation worldwide will fall by 3% this year, to about 54% of global electricity output. The report from Carbon Brief, released Nov. 25, was written by researchers from climate research groups including the Centre for Research on Energy […]
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Press Releases
MHPS Continues Global Gas Turbine Leadership
YOKOHAMA, JAPAN – (August 6, 2018) Mitsubishi Hitachi Power Systems (MHPS) today announced their continued leadership of the global market for gas turbines. Through the 2nd quarter of 2018, MHPS leads the industry with 40% of the total market and has led at the halfway point of a calendar year. In the highly competitive market […]
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Legal & Regulatory
Trump Administration’s ‘All-of-the-Above’ Strategy Stresses Export Role for Natural Gas
The Trump administration, which is considering subsidizing baseload coal and nuclear power for resiliency and “national security,” is pursuing an “all-of-the-above” energy strategy that emphasizes natural gas exports, said Energy Secretary Rick Perry at the World Gas Conference this week in Washington D.C. In a keynote speech on June 26, Perry described the shale gas […]
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Renewables
Report: Technology, Renewables Will Grow Turbine Market
The growth in power generation from renewable energy sources, along with the continued shift from coal-fired generation to natural gas, is expected to drive the global market for turbines over the next several years, according to a report released by international business analysts Research and Markets. The Dublin, Ireland-based company in an April 25 news […]
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Commentary
Global Change Agents
Now more than ever, the power generation business is a global business. Supply chains are more international than in the last century. Thanks to more easily retrievable reserves of shale gas, the prospect of