In 2023, a total of 624 megawatts of renewable power were contracted through corporate purchase agreements (PPAs) in the United Kingdom. The UK is one of the European countries with the largest PPA contracted capacity. In 2023, a total of 16 corporate renewable PPAs were signed in the UK.

In 2023, a total of 16 corporate renewable purchase agreements (PPAs) were signed in the United Kingdom, five more than in the previous year. As of that time, the total number of corporate PPAs signed in the country since 2014 stood at 55.

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Electricity Trading Market Size 2025-2029

The electricity trading market size is forecast to increase by USD 123.5 billion at a CAGR of 6.5% between 2024 and 2029.

The market is witnessing significant growth due to several key trends. The integration of renewable energy sources, such as solar panels and wind turbines, into the grid is a major driver. Energy storage systems are increasingly being adopted to ensure a stable power supply from these intermittent sources. Concurrently, the adoption of energy storage systems addresses key challenges like intermittency, enabling better integration of renewable sources, and bolstering grid resilience. Self-generation of electricity by consumers through microgrids is also gaining popularity, allowing them to sell excess power back to the grid. The entry of new players and collaborations among existing ones are further fueling market growth. These trends reflect the shift towards clean energy and the need for a more decentralized and efficient electricity system.

What will be the Size of the Electricity Trading Market During the Forecast Period?

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The market, a critical component of the global energy industry, functions as a dynamic interplay between wholesale energy markets and traditional financial markets. As a commodity, electricity is bought and sold through various trading mechanisms, including equities, bonds, and real-time auctions. The market's size and direction are influenced by numerous factors, such as power station generation data, system operator demands, and consumer usage patterns. Participants in the market include power station owners, system operators, consumers, and ancillary service providers. Ancillary services, like frequency regulation and spinning reserves, help maintain grid stability. Market design and news reports shape the market's evolution, with initiatives like the European Green Paper and the Lisbon Strategy influencing the industry's direction towards increased sustainability and competition.
Short-term trading, through power purchase agreements and power distribution contracts, plays a significant role in the market's real-time dynamics. Power generation and power distribution are intricately linked, with the former influencing the availability and price of electricity, and the latter affecting demand patterns. Overall, the market is a complex, ever-evolving system that requires a deep understanding of both energy market fundamentals and financial market dynamics.

How is this Electricity Trading Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Day-ahead trading
  Intraday trading


Application

  Industrial
  Commercial
  Residential


Source

  Non-renewable energy
  Renewable energy


Geography

  Europe

    Germany
    UK
    France
    Italy
    Spain


  APAC

    China
    India
    Japan
    South Korea


  North America

    US


  South America



  Middle East and Africa

By Type Insights

The day-ahead trading segment is estimated to witness significant growth during the forecast period.

Day-ahead trading refers to the voluntary, financially binding forward electricity trading that occurs in exchanges such as the European Power Exchange (EPEX Spot) and Energy Exchange Austria (EXAA), as well as through bilateral contracts. This process involves sellers and buyers agreeing on the required volume of electricity for the next day, resulting in a schedule for everyday intervals. However, this schedule is subject to network security constraints and adjustments for real-time conditions and actual electricity supply and demand. Market operators, including ISOs and RTOs, oversee these markets and ensure grid reliability through balancing and ancillary services. Traders, including utilities, energy providers, and professional and institutional traders, participate in these markets to manage price risk, hedge against price volatility, and optimize profitability.

Key factors influencing electricity prices include weather conditions, fuel prices, availability, construction costs, and physical factors. Renewable energy sources, such as wind and solar power, also play a growing role in these markets, with the use of Renewable Energy Certificates and net metering providing consumer protection and incentives for homeowners and sustainable homes. Electricity trading encompasses power generators, power suppliers, consumers, and system operators, with contracts, generation data, and power station dispatch governed by market rules and regulations.

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The day-ahead tra

CG Power Solutions, Inc., a subsidiary of Crompton Greaves Ltd, acquired a project from an independent developer Winland in January 2011 and will now act as a developer and investor of this wind power project. This is company’s first venture into wind power development in the US. Total cost of this project is expected to be around $54m; the company has applied for a project finance loan with a bank. 18 of Nordex’s 2.5 MW wind turbines will be installed in this wind farm. Electricity generated from this wind farm will be sold to PacifiCorp as part of a long term power purchase agreement. The cost of this project is comparatively low with respect to other wind power projects of a similar installed capacity. Nordex in order to increase its penetration in the US might have supplied turbines at a lower rate. Since the turbines used in this project are being procured from Nordex, the cost of this project is expected to be lower as compared to the projects within the same vicinity or in nearby areas. Read More

Segou Solaire SA (Segou Solaire), a SPV formed by Scatec Solar, IFC InfraVentures and Africa Power 1 is planning to build a solar farm in Segou, Mali.The project involves the construction of a 33MW solar power plant. It includes the construction of a substation, the installation of 130,000 PV solar panels, heat exchanger, transformers, and the laying of 2.8 km of 33 kV transmission line.The project will be funded through 45% senior project finance debt and IFC will arrange US$25 million debt.The Climate Investment Fund through "Scaling Up Renewable energy in Low Income Countries Program" (SREP) granted a concessional loan that will cover 30% of the total project cost. The remaining 25% provided as equity by the project partners.A power purchase agreement (PPA) was signed between Electricité du Mali (EDM) and Segou Solaire SA, a subsidiary of Scatec.In July 2015, Scatec, IFC and Africa Power signed an agreement with Malian Ministry of Energy and Water and EDM to build-own-operate and transfer the plant.Gide has been appointed as advisor, advisory team consists of partner John Crothers, who will be assisted by associates Pierre Bernheim and Barthélemy Littot, for project-related aspects. Partner David Boitout has been chosen to advise on corporate law matters.In March 2017, Scatec secured US$25 million concessional loan from the African Development Bank (AfDB).The project will be funded by the Program for Scaling Up Renewable Energy in Low Income Countries (SREP) of the Climate Investment Funds (CIF), with co-financing of US$8.4 million from the AfDB and US$8.4 million International Finance Corporation. Read More

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Wind Turbine Decommissioning Services Market Size 2025-2029

The wind turbine decommissioning services market size is forecast to increase by USD 2.23 billion at a CAGR of 15.4% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing number of aging wind turbines reaching the end of their operational life and the significant reductions in Levelized Cost of Energy (LCOE) due to reduced capital costs. Another key trend is the rise in offshore wind installations, which present unique challenges in terms of logistics and complex decommissioning processes. These trends are accompanied by an increase in the amount of waste generated during decommissioning, necessitating the development of sustainable and cost-effective solutions. Companies seeking to capitalize on this market opportunity must navigate these challenges effectively, including the need for specialized expertise, regulatory compliance, and the development of innovative technologies. Strategic partnerships and collaborations between industry players and stakeholders will also be crucial to addressing the complexities of wind turbine decommissioning and ensuring a sustainable and efficient transition to the next generation of renewable energy technologies.

What will be the Size of the Wind Turbine Decommissioning Services Market during the forecast period?

Request Free SampleThe market is gaining momentum as the global shift towards renewable energy sources continues. With the increasing number of wind power generation projects reaching the end of their operational life, the demand for specialized decommissioning services is on the rise. The decommissioning process involves the safe and efficient dismantling of wind turbines and the disposal or recycling of valuable materials, such as rare-earth elements and metals. Power purchase agreements (PPAs) play a significant role in the business case for wind turbine decommissioning. As wind farms reach the end of their useful life, the cost of continuing operation may exceed the revenue generated from energy production. In such cases, decommissioning and site restoration become a necessary investment. Environmental considerations are also driving the market. Wind turbines must be dismantled and disposed of in an environmentally sustainable manner, adhering to regulatory requirements and minimizing the impact on ecosystems. Advanced recycling technologies are being developed to minimize waste and promote a circular economy. The decommissioning process for offshore wind turbines presents unique challenges due to the marine environment and the need for specialized equipment and environmental consultants. Governments and investors are recognizing the importance of proper wind turbine decommissioning to mitigate climate change and ensure responsible land use agreements. Investments in geothermal and other renewable energy sources may also influence the wind industry's direction, impacting the market for wind turbine decommissioning services. Regardless, the market is expected to continue growing as aging wind farms are decommissioned and replaced with newer, more efficient technologies.

How is this Wind Turbine Decommissioning Services Industry segmented?

The wind turbine decommissioning services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeLargeMediumSmallApplicationOnshoreOffshoreGeographyEuropeDenmarkGermanyUKNorth AmericaUSCanadaAPACChinaIndiaJapanMiddle East and AfricaSouth AmericaBrazil

By Type Insights

The large segment is estimated to witness significant growth during the forecast period.The market is witnessing growth due to the increasing replacement of older, less efficient wind turbines with larger, more efficient units. These larger turbines, ranging from 2 to 6 megawatts, offer greater energy output and cost-effectiveness. As a result, wind energy companies are decommissioning and removing smaller turbines to make way for larger installations. For instance, offshore wind farms in the North Sea are undergoing decommissioning and replacement with more powerful turbines to enhance energy generation. The international expansion of the wind industry is expected to drive the demand for decommissioning services for larger turbines, presenting opportunities for market growth during the forecast period. Additionally, the decommissioning process involves various services such as fiberglass recycling, tower decommissioning, rare-earth magnet recycling, and disposal services to ensure sustainable wind energy practices and adherence to regulations. The decommissioning industry focuses on efficiency, cost-effectiveness, and safety, employing advanced technologies and logistics to minimize waste and maximize resour

Introduction This dataset reports on UK Power Networks' use of paid flexibility services. UK Power Networks uses flexibility (demand/generation turn up/down) in London, the South East, and the East of England to manage electricity flows on the local electricity distribution network. Flexibility dispatches data can be used to understand historical volumes, prices paid, geographic locations, providers, and technologies used. Using the Analyse tab, users can visualize and explore the growth of flexibility dispatches. These transparent insights can inform current and prospective flexibility services providers on how often flexibility is dispatched and at what price, including local authorities, electricity suppliers, industrial/commercial energy users, and generation operators. The data can also be used by wider stakeholders such as market analysts, advisers, regulators, and policymakers. A wide variety of energy resources and low carbon technologies already provide flexibility services to UK Power Networks, including grid-scale batteries, electric vehicle charge points, solar farms, wind farms, and residential energy users. These are grouped using the industry standard technology categorizations as used for regulatory reporting. To find out more about how to participate in flexibility tenders and become a flexibility provider, visit our webpage: Flexibility - UKPN DSO (ukpowernetworks.co.uk). Flexibility dispatches are currently reported from 1 April 2023, with new dispatches added monthly. Each row includes the timing, location, product, capacity, technology, and provider for our growing volume of flexibility dispatches. The data is assessed for errors using algorithmic quality control as well as being evaluated manually by a flexibility engineer before publication. The dataset can be downloaded or incorporated into the user’s interface via API. Requested volumes may not match delivered volumes, depending on performance against the relevant baseline. You can find actual dispatch data in the yearly Procurement Statements and Reports at Tender Hub - UKPN DSO (ukpowernetworks.co.uk). This includes our annual Flexibility Statement (forecasts for the next regulatory year), Flexibility Report (outcomes from last regulatory year), and data appendices.

Methodological Approach

Dispatches are made by a control engineer in the DSO Operations team to manage local constraints. Dispatches of flexible units (FUs) may be made either by API or email, depending on the FU's technological capabilities and preference. This dataset reports on dispatches made under Secure, Dynamic, and Day-Ahead products. Flexibility provided through our Sustain product is not dispatched and hence is not included within this dataset. Requested volumes may not match delivered volumes, depending on performance against the relevant baseline. Historic data may be updated from time to time where data errors are identified.

Quality Control Statement Dispatches are passed through a quality control algorithm to flag anomalies and erroneous data. Quality control checks include:

Times are consistent with the contracted service window; Dispatches are matched to the correct flexibility zone; Dispatches are unique (no duplicates); Dispatches are issued at the contracted price and volume; Dispatches are matched with an active contract.

Assurance Statement The flexibility dispatch report is reviewed by a flexibility engineer and a member of the Data Science team to ensure the data is accurate before publication on the Open Data Portal. Any data errors in previous reports are corrected on an ongoing basis and updated monthly.

Other Download dataset information: Metadata (JSON) Definitions of key terms related to this dataset can be found in the Open Data Portal Glossary: Open Data Portal Glossary

UK Gas decreased 26.27 GBp/Thm or 20.95% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on March of 2025.

Brookfield Power Inc announced project financing for the acquisition of a majority interest in the 99 MW Granite Reliable Wind Farm from Noble Environmental in the Coos County in New Hampshire. The total project cost is estimated to be $275m, of which Brookfield announced financing of $185m. The financing is expected to comprise a $110m private placement, $15m in letters of credit and a $60m cash grant from the US Department of Treasury. The project is under construction and is expected to come online by the end of 2011. Central Vermont Public Service (CVPS) will buy 20% and Green Mountain Power (GMP) will buy 7% of the output from Granite reliable power plant. The power purchase agreement has been signed for tenure of 15 years. The most important factor behind the acquisition of Granite Reliable Wind Farm is expected to be Brookfield’s focus on the diversification of its renewable portfolio. The most important factor behind the acquisition of Granite Reliable Wind Farm is expected to be Brookfield’s focus on the diversification of its renewable portfolio. Read More

In July 2011, solar energy provider Azure Power (Rajasthan) Pvt. Ltd., a 100% subsidiary of Azure Power received a $16 million, 16.5 year long-term loan from the US Export-Import Bank for its five-MW solar PV project in Jayal, Rajasthan state of India. The loan supports the export of thin-film solar modules from First Solar Inc. and other US suppliers of related equipment for use in the project Azure Power has signed a Power Purchase Agreement (PPA) with NVVN (NTPC Vidyut Vyapar Nigam) to supply power at a rate of Rs. 11.94 per kilowatt-hour, under Phase 1 of the Jawaharlal Nehru National Solar Mission. The solar power plant is expected to be operational by December 2011. Read More

Adani Green Energy Ltd (AGEL) is undertaking a solar farm in Queensland, Australia.The project involves the construction of a 170MW solar plant and it will be developed in phases. The first phase includes the construction of 65MW on 600 ha of land with a cost of US$80 million.It includes the construction of a substation and related infrastructure, installation of solar panels and the laying of transmission lines.In November 2016, AGEL secured land agreements for the project site.AGEL secured approval from Isaac regional council in September 2017 and the site preparatory works, including cultural heritage surveys and engineering design activities, are commenced.In October 2017, AGEL signed a Power Purchase agreement (PPA).Construction activities on the first phase are underway with scheduled completion in the fourth quarter of 2018. Read More

Ybare Energia Lda is planning to construct the Pouso Alegre Gas Thermoelectric Power Plant at Bairro do Algodao, municipality of Pouso Alegre, in the state of Minas Gerais, Brazil.The project involves the construction of a 400MW thermoelectric power plant, the installation of boiler, turbines, and the laying of transmission lines.The power plant will use natural gas as the primary source (fuel) for power generation and required water will be sourced from river Sapucai Mirim.The project also includes laying of 90 km long gas pipeline between Poços de Caldas to Pouso Alegre. The laying of the pipeline is expected the cost US$95 million.Ybare Energia Lda has received environmental approval from Conselho Estadual de Política Ambiental (Copam).Developers were in discussion with Sistema Interligado Nacional (SIN) and Empresa de Pesquisas Energéticas (EPE) and were expected to close a Power Purchase Agreement with them, which would allow transmitting the power to the southern region of the Minas Gerais. Read More

The smart thermostat market is predicted to expand to USD 14.8 billion in 2025 and USD 30.2 billion by 2035 with a CAGR of 7.9% over the forecast period.

Metrics	Values
Industry Size (2025E)	USD 14.8 Billion
Industry Value (2035F)	USD 30.2 Billion
CAGR (2025 to 2035)	7.9%

Contracts and Deals Analysis

Company	Google Nest and XYZ Energy Solutions
Contract/Development Details	Google Nest partnered with XYZ Energy Solutions to supply products for a large-scale residential energy efficiency program, aiming to install 50,000 units over the next two years.
Date	March 2024
Contract Value (USD million)	Approximately USD 15 million
Estimated Renewal Period	2 years

Company	Ecobee and ABC Property Management
Contract/Development Details	Ecobee secured a contract with ABC Property Management to equip 10,000 apartment units with products, enhancing energy efficiency and tenant comfort across their properties.
Date	July 2024
Contract Value (USD million)	Approximately USD 3 million
Estimated Renewal Period	3 years

Company	Honeywell Home and DEF Commercial Real Estate
Contract/Development Details	Honeywell Home entered into an agreement with DEF Commercial Real Estate to install products in 500 office buildings, aiming to reduce energy consumption and operational costs.
Date	October 2024
Contract Value (USD million)	Approximately USD 10 million
Estimated Renewal Period	5 years

Country-Wise Analysis

Country/Region	CAGR (2025 to 2035)
USA	9.0%
UK	8.7%
European Union	8.8%
Japan	8.9%
South Korea	9.2%

Competitive Outlook

Company Name	Estimated Market Share (%)
Google Nest	20-25%
Ecobee	15-20%
Honeywell Home	12-17%
Emerson Electric	8-12%
Johnson Controls	5-9%
Other Companies (combined)	30-40%

ALLETE Clean Energy (ACE), a unit of ALLETE Inc and Montana-Dakota Utilities Co. (MDU), a division of MDU Resources Group, Inc. are planning to undertake the construction of a Wind Farm in North Dakota, the US.The project involves the construction of a 150MW onshore wind farm which will be constructed in two phases. The first phase involves the construction of a 107.5MW of the facility. It includes the construction of substation, powerhouse, the installation of 43 wind turbines, electric feeder system, nacelles and wind electric converter. The second phase involves the construction of a 43MW facility, the installation of 16 wind turbines to lift the park’s capacity to 150MW. It includes the construction of substation, powerhouse, the installation of wind turbines, electric feeder system, nacelles and wind electric converter. The project will include the construction related infrastructure like access roads, operation and maintenance building, power controlling systems and laying of transmission lines.WWPC will receive a convertible debenture loan of US$20 million to finance the proposed project. US$1.93 million will be used for the development costs and US$18.07 million will fund an interconnection with the grid operator, Midwest Independent System Operator.WWPC submitted a planning application to North Dakota Public Service Commission in September 2011, and obtained the approvals in October 2013.Wanzek Construction has been appointed as a primary contractor.In December 2013, construction works commenced on the first phase.In August 2014, The North Dakota Public Service Commission gave approvals. On November 24, 2014, ACE signed 20-year Power Purchase Agreement (PPA) with MDU for the first phase.As of October 29, 2015, installation of 33 turbines had been completed as part of the first phase.In December 2015, construction works on the first phase completed.On January 3, 2017, ACE signed 25-year PPA with MDU. The agreement also includes an option for MDU to purchase the project after the completion of construction on the second phase.The construction works on the second phase is expected to commence in the second quarter of 2018 and complete in December 2018. Read More

Energy Park Sutton Bridge Ltd (EPSB), a subsidiary of Pacific Green Technologies Inc., (PGTK) is planning to construct a biomass power plant in Lincolnshire, the UK.The project involves the construction of a 49MW biomass power plant. It will include the construction of a substation, storage tanks, ash collector units and related infrastructure, the installation of steam turbines and generators, and the laying of transmission lines.In November 2013, EPSB appointed Fichtner Consulting Engineers Ltd as an engineering consultant and in January 2014, EPSB appointed Pöyry Management Consulting to manage the power purchase agreement strategy for the project.In January 2014, EPSB secured planning permission.In November 2015, EPSB has completed land acquisition for an undisclosed price for the development of the project. Read More

Tehri Hydro Development Corporation Ltd (THDCL) is undertaking the Dhukwan hydroelectric power plant project on the Betwa River in Jhansi, India.The project involves the construction of 24MW (3x8MW) hydroelectric power plant. It includes the construction of a substation and related facilities, the installation of turbines, generators and transformers, and the laying of underground transmission lines and overhead transmission lines. On April 18, 2012, Uttar Pradesh State Government has recommended Forest Clearance for 39ha land required for the project. In May 2012, State unit of MOEF and State Advisory Group (SAG) has agreed on the proposal. However, the case was submitted by Lucknow Unit of MOEF to MOEF New Delhi on July 4, 2012 which was granted by MoEF on November 27, 2012, with the fulfillment of certain conditions. The Pre-Qualification bids for the civil package was published on November 24, 2012, and bids were opened on December 27, 2012. Eleven bidders had participated in the process. On June 29, 2013, THDCL finalized the tender documents and issued to all five pre-qualified parties.The tender submission date was re-scheduled to September 26, 2013. Techno-Commercial bids opened on September 26, 2013 and evaluation were completed.On October 30, 2014, Sew Infrastructure Limited was appointed as contractor for the civil package for US$15 million.On December 24, 2014, a tender was published for the Electro-Mechanical works for the project. Tender submission date was extended to February 10, 2014.On February 21, 2015, construction work commenced.In August 2015, THDC India Limited has invited an e-tender for design, manufacture, supply, transportation, insurance, erection, testing and commissioning of electro-mechanical works for the project with September 21, 2015, as the submission date.On August 14, 2015, Aarti Infra Projects Pvt. Ltd was awarded a contract for a Hydro-Mechanical package for US$1.69 million.On November 27, 2015, price bids opened for the Electro-Mechanical package.On December 23, 2015, Hunan Allonward Hydro Generating Co. Ltd.(HAHGCL) and Shri Saravana Industries Pvt. Limited (SSIPL) was awarded a contract for an Electro-Mechanical package for US$12 million.Ministry of New and Renewable Energy (MNRE) has provided a grant of US$1 million and US$5 million of funds will be provided by THDCL.In June 2016, 92% of excavation works completed.On December 5, 2016, THDCIL and Uttar Pradesh Power Corporation Limited (UPPCL) signed a Power Purchase Agreement (PPA) for the project.Construction activities are underway and are scheduled to complete by February 2018. Read More

Suruhanjaya Tenaga (ST), the Energy Commission of Malaysia, is undertaking the construction of a combined-cycle gas turbine (CCGT) power plant in Johor Bahru, Malaysia.The project involves the construction of a CCGT power plant with a capacity of 1,440MW (2X720MW) which consists of two power plants of 720MW each. It includes the construction of a substation, a powerhouse and the installation of turbines, generators, power transmission system, transformers, safety equipment and laying of transmission lines.In May 2014, Energy Commission (EC) selected a consortium consisting SIPP Energy Sdn Bhd (SIPP), YTL Power International Bhd (YTL) and Tenaga Nasional Bhd (TNB) in three procurement methods to develop the power plant. The three methods were a direct award, restricted bidding, and open bidding exercises.In June 2014, TNB received a conditional letter of award from the EC to jointly develop the project with SIPP and YTL, with July 25, 2014, as the deadline to confirm its stake in the project.In June 2014, YTL decided to withdraw from the consortium and EC accepted its decision.In early July 2014, after the YTL withdrawal, SIPP has intended negotiations with Malakoff Corp Bhd to jointly develop the power plant project. However, on July 25, 2014, TNB signed heads of agreement with SIPP Energy to build, own and operate the power plant.In March 2015, SIPP-TNB consortium submitted its planning application comprises of cost structure and tariff rate. However, EC rejected the proposed tariff submission in June 2015.In October 2015, TNB withdrew from the consortium.In May 2016, YTL re-joined the consortium along with SIPP, and jointly submitted a new proposal for the project with a revised tariff structure.On September 6, 2016, SIPP received final approvals from the government towards the implementation of the proposed plant. It also entered into a 21-year power purchase agreement (PPA) with Tenaga Nasional Bhd (TNB).CTCI Corporation has been appointed as the engineering, procurement, construction, and commission contractor.On May 4, 2017, TNB signed a deal to re-enter the project by acquiring 51% stake. Fund raising activities are underway. Subject to the financial closure, the construction works on the project will be commenced. The scheduled commercial operation of the project is expected to be in the third quarter of 2020. Read More