#power


ABB’s orders decline, but cost savings improve profitability

Switzerland, Zurich: ABB said the company’s third-quarter orders declined 14 percent due to the hesitation of customers although the cost-saving programs helped improve the Swiss power transformer maker’s profit margin, according to the official press release.

10 MVAr STATCOM approved for operation in Jordan

Jordan: Jordanian national electricity company NEPCO has accepted the 10 MVAr STATCOM, supplied by the Spanish static power converter manufacturer Jema, to ensure compliance with the grid code of a 24 MW photovoltaic plant.

Global distribution transformers market to reach $16.6B by 2020

According to GlobalData’s latest report “Distribution Transformers Market, Update 2016 – Market Size, Competitive Landscape, Key Country Analysis and Forecasts to 2020”, extensive power plant capacity additions, economic growth, and the need to improve access to electricity in the emerging economies of Asia-Pacific (APAC) and the Middle East are driving grid expansion and the distribution transformers market.

Controversial Amherst Island wind energy project approved

Canada, Ontario: The Ontario government has approved the construction of a wind farm on Amherst Island in Lake Ontario, which is internationally designated as an Important Bird Area, and known as the owl capital of North America.

Smart grid market to be worth $83.81B by 2022

USA, Chicago: According to the new smart grid market report published by Scalar Market Research, the smart grid market is expected to grow from $39.84 billion in 2016 and reach $83.81 billion in 2022, growing at an estimated CAGR of 13.20% during the forecast period.