10 June 2024
10 June 2024
Asia-Pacific installed 253.98GW of solar photovoltaic (PV) in 2023, more than double the amount installed by all the other regions combined.
The investment will enhance global R&D, engineering and manufacturing capabilities for transformers and high-voltage products.
The country seeks to support gas-fired plants to bolster its grid when renewables sources fall short.
The project is set to start in June 2024 and complete by 2031.
The two companies have signed a five-year joint development agreement.
In the first 120 days since 7 October, more than 156,000 buildings were damaged in Gaza, requiring around 53 million tonnes of carbon dioxide equivalent (mtCO₂e) to rebuild.
Researchers in Australia have developed a new method of ‘fingerprinting’ lithium and other minerals critical in the energy transition.
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GlobalData's latest report offers an overview of the market trends for power and distribution transformers at the regional and country level. The power transformers market was valued at $16.70 billion in 2023, and is expected to grow at a CAGR of >7% during 2023-2028. The requirement for safe and reliable power, the rising urban population coupled with the modernization of existing power grids, and increased investments in renewable energy, besides the adoption of smart grid technology, will be the main factors aiding the growth of the market.
GlobalData's latest report offers an overview of the market trends for power and distribution transformers at the regional and country level. The power transformers market was valued at $16.70 billion in 2023, and is expected to grow at a CAGR of >7% during 2023-2028. The requirement for safe and reliable power, the rising urban population coupled with the modernization of existing power grids, and increased investments in renewable energy, besides the adoption of smart grid technology, will be the main factors aiding the growth of the market.
GlobalData's latest report offers an overview of the market trends for power and distribution transformers at the regional and country level. The power transformers market was valued at $16.70 billion in 2023, and is expected to grow at a CAGR of >7% during 2023-2028. The requirement for safe and reliable power, the rising urban population coupled with the modernization of existing power grids, and increased investments in renewable energy, besides the adoption of smart grid technology, will be the main factors aiding the growth of the market.
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