The electric utility industry is undergoing a major transformation driven by new sources of energy generation (solar and wind power), consumer demand for faster and more affordable services and cyber security. The emerging modern grid demands accurate data and electric network information. As a result, managing data to harvest insights and forecast more accurately has huge potential to optimise operations. Utilities must therefore overcome current constraints and limitations to ensure high quality operational data is available.
By Dan Beasley, Director, Utilities, Cyient
Numerous projects to build large solar power facilities are underway in Vietnam, as the country tries to compensate for the anticipated power shortage likely to result from the recent cancellation of nuclear power plant construction projects.
The Uttar Pradesh Government has said that the Indian state will set up around 6000 solar power plants to meet its clean energy target of 10,700 MW in the next five years.
China has donated more than 32,000 solar power generating systems to Nepal to enhance its domestic capacity in combating climate change, and to provide electricity to communities that have not had power since an earthquake in 2015.
A new report from the International Renewable Energy Agency (IRENA) projects that all major renewable energy technologies will compete with fossil fuels on price by 2020.
The northern Indian state of Punjab has announced that it is planning to set up a huge solar power project on the site of a newly retired 460 MW coal-fired power plant.
Data from BM Reports and Sheffield University shows that British wind farms generated more electricity than coal on over 75 per cent of days in 2017, while solar outperformed coal more than half of the time.
South Korea has announced that it plans to increase its solar-generated power by five times the current by 2030 to boost use of renewable sources in the country’s energy mix.
A unit of China Three Gorges Corporation has announced that it will construct a $151 million floating solar power plant, the largest in the world, in the Chinese province of Anhui.
Fortum of Finland has hired Barclays Bank to sell a stake in its operational solar power projects in India.