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Power

Malaysia to surpass 2040 renewable energy target by 2031, forecasts GlobalData

Malaysia is poised to exceed its National Energy Policy’s (NEP) 2040 renewable energy capacity target of  18.43GW by 2031, driven by aggressive large-scale solar tenders, strong policy framework, accessible financing, and rapidly improving grid integration and storage capacity that reduce lead-time risks, according to GlobalData, a leading intelligence and productivity platform. GlobalData’s latest report, “Malaysia […]
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APAC dominates solar PV additions globally, reveals GlobalData

Asia-Pacific (APAC) has become the world’s dominant solar PV market, driven by exceptional installation growth over the past decade. By the mid‑2020s, the region accounted for an estimated 68% of global solar deployment, underlining its role as the primary hub of solar expansion, according to GlobalData, a leading intelligence and productivity platform. GlobalData’s latest report, […]
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Bangladesh solar PV capacity to reach 8.5GW by 2035, forecasts GlobalData

The electricity sector in Bangladesh has a distinct solar development trajectory, shaped initially by large-scale off grid deployment before gradually transitioning toward utility scale expansion. Early growth was driven by the Solar Home System program, which enabled widespread rural electrification and established solar as a viable energy solution. Building on this foundation, solar is now […]
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Egypt solar PV capacity to reach 34.3GW by 2035, forecasts GlobalData

Power generation in Egypt has historically been dominated by natural gas, with large scale combined cycle plants forming the backbone of the electricity system. Until recently, renewable energy, particularly solar, played only a limited role, with solar PV capacity remaining below 2GW in 2020. In recent years, the country has accelerated renewable deployment as part […]
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Argentina’s renewables expansion to remain moderate through 2035 despite strong resource potential, says GlobalData

Renewable energy development in Argentina is expected to progress at a measured pace despite the country’s strong wind and solar resource base. The power sector has access to some of the world’s most favorable renewable conditions, particularly in Patagonia for wind and in the northwest for solar. However, the country’s cumulative renewable capacity growth is […]
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AI-enabled smart grids to accelerate power sector’s shift to clean energy, says GlobalData

AI-enabled smart grids are revolutionizing energy production and distribution through real-time predictive analytics and machine learning, dynamically aligning supply with demand. AI is profoundly transforming grid ecosystems, optimizing operations, bolstering reliability and strengthening resilience. By integrating IoT-embedded infrastructure with advanced forecasting and optimization systems, utilities gain unprecedented efficiency, adaptability, and robustness. As AI-powered models project […]
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Global gas and steam turbines market to reach $23.4 billion by 2030, forecasts GlobalData

The global gas and steam turbines market is poised for substantial growth, driven by rising demand for efficient energy solutions, stringent environmental regulations, and the transition toward cleaner energy sources. The market is forecast to reach $23.4 billion by 2030, forecasts GlobalData, a leading intelligence and productivity platform. GlobalData’s lates report, “Steam and Gas Turbines […]
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UAE solar capacity to reach 32.3GW by 2035, forecasts GlobalData

The United Arab Emirates (UAE) is accelerating the expansion of its solar photovoltaic (PV) capacity as part of its long-term energy diversification strategy. Solar PV capacity in the country is forecast to increase from 6.7GW in 2025 to 32.3GW by 2035, registering a compound annual growth rate (CAGR) of over 17% during 2025-35, according to […]
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Russia renewable capacity to reach 18.4GW by 2035, forecasts GlobalData

Russia is gradually expanding its renewable power capacity while maintaining a dominant reliance on conventional and nuclear generation to ensure system stability and energy security. The country’s cumulative renewable power capacity is forecast to reach 18.4GW by 2035, up from 9.8GW in 2025, registering a compound annual growth rate (CAGR) of approximately 6.5% during 2025–35, […]
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Thermal power to dominate Algeria’s generation mix through 2035 despite renewable push, forecasts GlobalData

Algeria is accelerating its energy transition, supported by government policy, strong renewable energy sources potential, and sustainability targets. Despite ambitious renewable targets, thermal power capacity (especially gas-fired power) remains central because of the existing infrastructure and natural gas reserves, and is estimated to account for a dominant share of 85.2% of the country’s power generation […]
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US renewable power capacity to reach 1.06TW by 2035, forecasts GlobalData

The US operates the world’s largest and most diversified electricity system, supported by abundant domestic energy resources, regional power markets, and a broad technology mix. While federal energy policy since 2025 has increasingly emphasized energy security, domestic manufacturing, and firm generation capacity, long-term power sector investment continues to be shaped by state-level clean energy mandates, […]
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Taiwan renewable power capacity to reach 50.7GW by 2035, forecasts GlobalData

Taiwan’s power sector has entered a new operating environment following the completion of its nuclear power phase-out in May 2025. With the shutdown of the last operating reactor, the government has intensified its focus on expanding renewable energy and flexible gas-fired generation to replace lost baseload supply while progressively reducing coal reliance in an isolated, […]
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