Brazil will lead global growth in the Floating Production, Storage and Offloading vessel (FPSO) industry despite the country’s national oil company, Petrobras, recently facing allegations of corruption, according to research and consulting firm GlobalData.
Global installed capacity for gas generators will more than double from 8.4 Gigawatts (GW) in 2015 to reach 18.8 GW by 2025, with North America continuing to account for the largest share of the market, according to research and consulting firm GlobalData.
Solar power became Australia’s largest source of renewable energy in 2014, with a cumulative installed capacity of 4 gigawatts (GW), overtaking wind power.
Mexico needs to attract significant interest to salvage a bidding round hampered by delays and low oil prices according to research carried out by consulting firm GlobalData.
Anti-nuclear public opinion following the 2011 Fukushima disaster is leading to a decline in the capacity of nuclear power plants around the world, according to research consultants Globaldata.
The decision to remove renewable energy sources from the Climate Change Levy (CCL) exemption will have a negative impact on the country’s renewable sector, according to a research and consulting firm. GlobalData said that while the move is expected to generate around £490million by 2016 and up to £1billion per year by 2020, the energy sector will suffer as a result in the short term. However this negative affect is likely to help growth in the long term – but areas such as the UK’s wind sector the hardest in the immediate aftermath of the decision.