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Power

Italy poised to increase renewables’ share in power generation mix to over 55% by 2035, says GlobalData

Italy has been promoting the development of renewable energy through its principal energy strategies and policies, including the National Energy Strategy and the Integrated National Plan for Energy and Climate, while also emphasizing energy security. As a result, renewables are projected to overtake thermal power as the primary source of Italy’s electricity generation in 2030 […]
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Vietnam renewable power capacity to surpass 112GW by 2035, forecasts GlobalData

Vietnam generates a significant part of its electricity from coal- and gas-based thermal power plants, as well as a vast number of hydropower plants. To alleviate the climate change effects of thermal power generation, the government is turning towards renewable power generation sources. The Vietnamese power sector presents significant opportunities for renewable energy, with wind, […]
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Malaysia renewable power capacity to reach 30GW by 2035, forecasts GlobalData

Renewable energy sources have become increasingly pivotal in driving the transformation of Malaysia’s power sector. The nation is striving to diminish its reliance on fossil fuels and transition to a more sustainable energy mix. The Malaysian government has established ambitious objectives, aiming to augment the proportion of renewable energy to 40% of the total installed […]
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China’s electricity power consumption to grow at 6.3% CAGR during 2024-30, forecasts GlobalData

China’s electricity consumption continues to outpace its gross domestic product (GDP) growth, driven by a shift toward energy-intensive industries and the rapid electrification of transportation and digital infrastructure. The robust increase in electricity demand is progressively supported by clean energy. The country’s power consumption is forecast to reach 13,757TWh in 2030, registering a compound annual […]
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AI-driven predictive maintenance gaining traction in power industry, says GlobalData

Artificial intelligence (AI)-enabled predictive maintenance stands out as a key component in the pursuit of enhanced reliability and cost-effectiveness in the power industry. This advanced approach is revolutionizing operations in power plants by improving the predictability of equipment upkeep, optimizing the allocation of resources, and enhancing overall plant efficiency. It has the potential to decrease […]
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Argentina’s power capacity to increase to 61.8GW by 2035, forecasts GlobalData

Argentina has been grappling with significant power shortages in recent years, compelling the government to focus on augmenting the nation’s installed capacity. through the development of hydropower, nuclear power, and renewable energy. Against this backdrop, the cumulative power capacity of the country is forecast to reach 61.8GW in 2035, registering a compound annual growth rate […]
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Renewables to account for over half of Brazil’s annual power generation in 2035, forecasts GlobalData

Brazil generates power from a diverse range of sources that include thermal sources (gas, oil, and coal), hydropower, nuclear, and renewable. Hydropower accounts for the majority of the country’s annual power generation. However, overdependence on hydropower has made the country vulnerable to droughts. To overcome the challenge, the country is rapidly developing its renewable power […]
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UAE’s power capacity to reach 79.1GW in 2035, forecasts GlobalData

The United Arab Emirates (UAE) boasts one of the most secure and stable electricity supply systems in the region. Leveraging its substantial natural gas and oil reserves, among the largest globally, the UAE generates sufficient electricity to satisfy domestic consumption. The nation primarily utilizes its gas for power generation and for re-injection into oil fields […]
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Global renewable power installed capacity to surge to 11.2TW by 2035, forecasts GlobalData

The power sector is experiencing a notable growth in renewable energy sources, propelled by an array of factors such as technological progress, policy incentives, and a heightened awareness of the imperative for sustainable energy solutions. Consequently, renewable resources, particularly solar photovoltaic (PV) and wind energy, are gaining a larger share in the energy portfolio. Driven […]
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Kazakhstan’s electricity consumption to increase to 111TWh by 2035, forecasts GlobalData

Kazakhstan’s electricity consumption has been on a steady rise, driven by industrial expansion, urbanization, digitalization, and electrification. The nation’s power demand is predominantly fueled by energy-intensive industries, mining, oil and gas operations, and residential sector growth. This surge in industrial activity has led to a heightened demand for electricity; annual consumption escalated from 83.9TWh in […]
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Europe’s hydrogen initiatives and renewable energy auctions to accelerate region’s energy transition, says GlobalData

Three years into the Russia-Ukraine conflict, Europe has significantly diminished its reliance on Russia. Even though the EU has been importing liquified natural gas (LNG) primarily from the US, Norway, and Qatar since the onset of hostilities, the continent has decreased its overall consumption of fossil fuels, particularly the power sector has progressively become cleaner. […]
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