GlobalData
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Power

Poland renewable power capacity to reach 91.5GW by 2035, forecasts GlobalData

Poland’s electricity system has historically been supported by domestically mined hard coal and lignite. However, aging coal assets, rising electricity demand, and European Union decarbonization requirements are increasingly influencing capacity planning and investment priorities. As coal-based generation declines, capacity additions are increasingly concentrated in renewable energy technologies. Against this backdrop, Poland’s renewable power capacity is […]
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Singapore solar PV capacity to reach 5.3GW by 2035, forecasts GlobalData

Singapore’s power system is shaped by long-standing structural constraints related to land availability, limited domestic energy resources, and rising electricity demand from cooling, electrification, and digital infrastructure. As a net energy importer with no interconnection-free alternatives, Singapore’s energy strategy is guided by the government’s “Four Switches” framework, which combines natural gas, solar PV, regional power […]
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Mexico solar PV capacity to reach 37.8GW by 2035, forecasts GlobalData

Mexico’s power and energy sector is undergoing a period of structural realignment under President Claudia Sheinbaum’s administration, shaped by rising electricity demand, renewed regulatory reforms, and a stronger emphasis on energy sovereignty. The updated policy framework reinforces the role of the Federal Electricity Commission (CFE) as the core market participant while enabling selective private investment […]
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Global wind turbines market to reach an aggregate installation of 934.6GW in 2030, forecasts GlobalData

The global wind‑energy market is entering its strongest growth phase to date, driven by accelerating national decarbonization targets, energy‑security needs and long‑term industrial strategies. The aggregate installations are expected to reach 934.6GW in 2030, forecasts  GlobalData, a leading intelligence and productivity platform. GlobalData’s latest report, “Wind Turbines Market Size, Share and Trends Analysis by Technology, […]
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France renewable power capacity to reach 163.1GW in 2035, forecasts GlobalData

France is accelerating its clean energy transition, supported by expanding wind and solar deployment, modernization of hydropower, and strong government policy backing. The country’s cumulative renewable power capacity is forecast to reach 163.1GW by 2035, up from 59.1GW in 2024, registering a compound annual growth rate (CAGR) of 9.7% during 2024–35, according to GlobalData, a […]
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Renewables to account for 73.3% of Australia’s power generation by 2035, forecasts GlobalData

Australia is undergoing a rapid energy transition, driven by strong government policies, abundant solar and wind resources, and ambitious net-zero targets. Renewables are forecast to account for 73.3% of the country’s total power generation by 2035, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Australia Power Market Trends and Analysis by […]
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US tariffs to complicate renewable energy transition across Americas, says GlobalData

The Donald Trump administration’s implementation of reciprocal tariffs is particularly evident in sectors deemed critical to national interests, such as energy, where maintaining stable supply chains is essential. As the US tariff landscape continues to evolve, the implications for energy markets across the Americas are profound. Designed to bolster domestic manufacturing and reduce reliance on […]
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Global solar PV modules and inverters market to reach $115.8 billion by 2030, forecasts GlobalData

The global solar PV modules and inverters market is forecast to reach $115.8 billion by 2030, largely driven by the Asia-Pacific (APAC) region with its strong policy initiatives, ambitious renewable energy targets, large-scale investments, rapid urbanization, declining technology costs, and expanding solar manufacturing and innovation in major economies, according to  GlobalData, a leading data and […]
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Spain renewable power capacity to reach 218.1GW in 2035, forecasts GlobalData

Spain is reinforcing its clean energy transition with ambitious targets for solar, wind, and hydrogen, backed by strong EU alignment and national reforms. The country aims to achieve 81% renewable electricity generation by 2030 and carbon neutrality by 2050 under its updated National Energy and Climate Plan (PNIEC). Against this backdrop, Spain’s cumulative renewable capacity […]
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Germany renewable power capacity to reach 509.9GW in 2035, forecasts GlobalData

Germany is accelerating its clean energy transition with ambitious targets for renewables, hydrogen, and LNG diversification, underpinned by robust federal policies. The country has officially phased out nuclear power as of 2023 and is committed to phasing out coal-fired generation by 2038, with discussions underway to advance the deadline to 2030. Against this backdrop, Germany’s […]
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Canada renewable power capacity to reach 70.9GW in 2035, forecasts GlobalData

Canada is advancing its clean energy transition with a strong focus on hydropower, wind, and solar, supported by federal and provincial policies aimed at achieving a net-zero electricity grid by 2050. The country has committed to phasing out coal-fired power by 2030, while accelerating deployment of non-emitting sources such as hydropower, nuclear, and renewables. Against […]
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Smart grid demand to drive transmission investment to $573.7 billion by 2030, forecasts GlobalData

Growth in transmission infrastructure investment is accelerating to meet the rising smart grid demand, with the power transmission market expected to expand strongly through the 2030s. This growth is being driven by government initiatives, renewable energy integration, the need for greater grid resilience and efficiency, and adoption of technologies like smart meters, artificial intelligence (AI), […]
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Global HVDC converter stations market to record aggregate value of $75.34 billion during 2025-30, forecasts GlobalData

The global high-voltage direct current (HVDC) converter stations market is undergoing significant growth, propelled by the escalating demand for electricity, advancements in smart grid technology, and substantial investments in power infrastructure. With notable contributions from China, Germany, the US, India, the UK, South Korea, and Italy, the market is projected to reach an aggregate value […]
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