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The global surge arrester market is projected to reach USD 1.9 billion by 2025 from an estimated USD 1.5 billion in 2020, at a CAGR of 4.9% during the forecast period.
The rising demand for electricity in APAC and the growing focus on increasing renewable energy installed capacity are encouraging utilities to invest in the electricity transmission and distribution networks, as well as in electrification projects. These investments, along with investments to replace aging electric infrastructure in North America and Europe are expected to create the demand for surge arrester market.
However, Due to the COVID-19 pandemic, local currencies of many countries have depreciated. There is a misalignment of supply and demand, leading to financial losses for components/parts manufacturers. Key components used in manufacturing surge arresters are procured typically in US dollars, which results in increased component
Amazon Funds A Record 26 Renewable Energy Projects In 8 Countries
December 30, 2020 Share
This month, retail and technology company Amazon announced the purchase of 26 new utility-scale wind and solar energy projects, making it the largest corporate purchaser of renewable energy in the world. The projects, located in the United Kingdom, Sweden, South Africa, Italy, Germany, France, and Australia total 3.4 gigawatts (GW) of electricity production capacity.
This cap to 2020 brings the total annual investment in renewable energy to 35 projects equaling over 4 GW of capacity – the largest single-year corporate investment in renewables. Overall, Amazon has invested in 6.5 GW of wind and solar projects, enough to power 1.7 million homes in the United States for a year.
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Former Chairman of PUCSL, Attorney at Law, Saliya Mathew writes
Being a utility regulator has
perils because the independence of the regulator necessarily removes power from
politicians, operators, and others. Furthermore, regulators are sometimes
scapegoats for unpopular policies and unavoidably become involved in shaping
the policies that they are supposed to implement. As a result of such
frictions, regulators are sometimes removed from office or marginalized in some
way. However, having a regulator is paramount important to a country and its
people. Sri Lanka has and had many regulatory authorities and these regulatory
institutions are known for its independence and for its dedication to improving