Countries in North Africa and the Middle East need urgent reform in their power and water sectors. Lebanon, Iraq and Algeria have seen an upsurge in protests to power outages, water shortages or in some cases, both.
As the automotive industry increasingly gears up for a high-tech future, Russia is ramping up its production of automated and driverless vehicles, emerging with relevant technologies and strategies.
Business and markets
COVID-19 is expected to put incredible strain on the world’s economy, which will be effectively halted for three months or more.
[img:Germans%20w_0.jpg| ]11 February 2013 - The global offshore wind power market, fuelled by the depletion of fossil fuel reserves, the declining cost of wind power generation and impressive investment from the UK, is expected to explode over the next decade, states research and consulting firm GlobalData. It forecasts the global offshore wind power market to increase from a 2012 cumulative installed capacity of 5.1 to a 54.9 GW by the end of the decade, growing at a compound annual growth rate (CAGR) of 34.5%.
The overall renewable power capacity (excluding small hydropower) in Brazil is expected to grow at a CAGR of 6% from 31GW in 2018 to 60.8GW in 2030.
Business and markets
In India, research indicates that the COVID-19 pandemic will have a minimum impact on the country’s renewable energy industry.
Finance and Policy
According to GlobalData, a leading data and analytics company, RBC Capital Markets has topped the latest mergers and acquisitions (M&A) league table of the top 10 financial advisers for the power sector based on deal value in the first quarter (Q1) 2019.
The 1GW Gujarat Solar photovoltaic (PV) tender for Dholera Solar Park was recently undersubscribed by 700MW and received only two bids for a total of 300MW capacity, GlobalData reported.
Organisation for Economic Co-operation and Development (OECD) countries are experiencing a decline in electricity demand due to the COVID-19 pandemic.
Transmission and Distribution
COVID-19 has impacted the revenues of the electricity distribution companies in India, as such government is considering privatising the distributors.