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Electricity Market

Evolution of Three Major EV Markets: China, US and India

The world’s fastest-growing electric vehicle markets – China, India, and the US – are going through a transition and in this, they are presenting unique understanding about the challenges that come up. The Rocky Mountain Institute has published a new whitepaper that looks at the penetration of electric vehicles in these three markets and has […]

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China to Become Largest Energy Storage Market in APAC by 2024

A new analysis has revealed that China will become the largest energy storage market in the Asia Pacific (APAC) by 2024. Consultancy and rating agency Wood Mackenzie has revealed that the cumulative energy storage capacity in China is projected to skyrocket from 489 megawatts (MW) or 843 megawatt-hours (MWh) in 2017 to 12.5 gigawatts (GW) […]

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Solar Market Predicted to Reach 4767 GW by 2026: Report

According to a new report, the global solar power market will derive growth from the increasing awareness to grow to 4767 GW by 2026. According to a new report, the global solar power market will derive growth from the increasing awareness regarding conservation of conventional energy sources and reducing environmental pollution, to grow to 4767 […]

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Onshore Wind O&M Market in China to hit $5 Billion by 2029

The onshore wind operation and maintenance (O&M) market in China has been predicted to surpass a total of $5 billion over the next 10 years. According to new research, the onshore wind operation and maintenance (O&M) market in China is expected to total US$5 billion over the next 10 years.  According to consultancy firm Wood Mackenzie […]

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Renewables to Provide 21% Electricity for Energy Hungry Data Centres: Survey

A new survey has projected then that around 21% of the power required to run data centres would come from renewables by 2025. A new survey has revealed that corporates aren’t as bullish on the prospects for renewables like solar and wind power in powering data centres as they were in 2014. They had projected […]

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Haryana Open Access Move Shows High Potential From C&I market for Renewables

With Amplus Energy announcing a 750 crore investment to establish 150 MW of solar capacity in Haryana, the C&I (corporate and industrial) market has a new state to cheer for. The announcement by Amplus follows the change to the state rules brought in by the Haryana Renewable Energy Development Agency (HAREDA) in March 2019, when […]

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Global Solar PV Market To Reclaim Double-Digit Growth, India Falls behind

The latest IHS Markit’s Report on Solar sector says this revived growth is coming mainly from markets outside of China, which are forecast to rise by 43% in 2019 but USA will overtake India to once again become the second-largest PV market. The global solar PV market is set to bounce back from single-digit growth […]

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Battery Management System Market Is Projected To Reach $11.17 Billion By 2025: Report

According to a report published by Grand View Research, The growing penetration of UPS solution in businesses to counter data loss is expected to spur the demand for Battery Management System Market. Lithium-ion batteries are used in applications requiring high-energy density solutions.   According to a report, “Battery Management System Market Analysis By Battery Type […]

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Canadian Solar Wins 94 MWp Subsidy-Free Electricity Contracts

Post commissioning, these plants are expected to fulfill 55% of electricity needs of Alberta provincial government. Solar PV modules maker Canadian Solar has won three contracts with Alberta’s Ministry of Infrastructure, for a total of 94 MWp solar power system in Southeast Alberta, with an average contracted PPA price of C$ 48.05 per MWh. Moreover, in 2019, […]

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