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Global nuclear power capacity to reach 494GW by 2035, driven by advancements in SMRs and clean energy shift, says GlobalData

The global nuclear power sector has witnessed steady growth in recent years, driven by the need for low-carbon baseload power, energy security, and a renewed interest in decarbonizing industrial sectors. New capacity additions, advancements in reactor technology with small modular reactors (SMRs) emerging as a transformative solution, and supportive policies have contributed to increased generation […]

Power

South Korea to reach close to nuclear power generation target of 32.4% by 2030, says GlobalData

South Korea is considering the addition of nuclear and renewable energy to decarbonize its power generation. Under its nationally determined contribution (NDC), the country has pledged to reduce its greenhouse gas emissions by 40% by 2030 compared to 2018 levels. The South Korean government’s lack of ambitious goals for renewable energy has pushed the country […]

Power

Malaysia to close in on 40% renewable capacity target by 2035, says GlobalData

In 2021, the Ministry of Energy and Natural Resources of Malaysia (KeTSA) set a target to achieve 31% renewable capacity by 2025 and 40% by 2035. Later in the National Energy Policy (2022 – 2040) the government set a target to achieve 18.4 GW renewable capacity by 2040. Currently, 13.3% of the country’s total capacity […]

Power

Global transformers market to reach $51.33 billion in 2028, led by the Asia-Pacific region, forecasts GlobalData

The global power industry is witnessing significant growth, with the global power transformers market projected to reach $23.60 billion, and the distribution transformers market expected to hit $27.73 billion by 2028. In 2023, the Asia-Pacific (APAC) region emerged as the market leader, fueled by heightened commercial activity in Southeast Asia and substantial asset demands in […]

Power

China to reach 2030 solar and wind energy target five years ahead of schedule, says GlobalData

China’s solar photovoltaic (PV) capacity reached 609.5 GW in 2023, while its onshore and offshore wind capacity stood at 408.1 GW and 37.7 GW, respectively. The country is on track to surpass its 2030 target by a significant margin, achieving this milestone five years ahead of schedule in 2025. By that year, it is anticipated […]

Power

Renewable energy to dominate Italy’s power generation mix by 2035, says GlobalData

The Russian invasion of Ukraine has had a profound impact on the global energy market. The over reliance of European nations on Russian fossil fuels has posed a significant challenge to supply security. Italy, as one of the largest importers of natural gas, sourced 40% of its gas from Russia until 2021. However, in 2022, […]

Power

Saudi Arabia could reach closer to 130GW renewable capacity target by 2030 with robust policy implementation, says GlobalData

Saudi Arabia is focusing on increasing the share of non-oil fuels to meet its increasing power demand and diversify its power mix. Introduced in 2016, the Saudi Arabia Vision 2030 had an initial target of deploying 9.5GW of green energy by 2030. Since inception, it has undergone many revisions, with the latest being made in […]

Power

Thermal power will continue to dominate annual generation mix of Russia during 2024-35, says GlobalData

Russia has been slow in the adoption of renewable sources for power generation due to the availability of cheap conventional energy sources. In 2023, annual generation through thermal power sources held a share of 59.5% in the total generation mix of the country. The electricity demand in Russia is expected to rise from 818.9TWh in […]

Power

UAE power mix will continue to be dominated by thermal power in next decade, says GlobalData

With the discovery of more onshore hydrocarbon reserves, the United Arab Emirates (UAE) is aiming to become self-sufficient in gas supply by 2030. Currently, the country is dependent on gas imports for power plants and water desalination plants. As of 2023, thermal power generation comprised around 77.7% of the total power generation mix of the […]

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APAC countries to refocus on nuclear power and adopt rooftop PV to achieve climate goals, says GlobalData

The global energy market witnessed increased energy prices in recent years and several governments have been lagging in their climate targets in the Asia-Pacific (APAC) region. The governments in the region are looking at ways to meet their climate goals through alternative strategies. Rooftop PV targets are key on government agendas to meet their renewable […]

Power

Global high-voltage switchgear market to reach $30.3 billion in 2027, forecasts GlobalData

The global high-voltage (HV) switchgear market is forecast to reach $30.34 billion in 2027 from $25.02 billion in 2022, growing at a compound annual growth rate (CAGR) of 3.54% between 2023 and 2027, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Switchgears for Power Transmission, Market Size, Share and Trends Analysis […]

Power

Government mandates and infrastructure investments to fuel EV growth globally, says GlobalData

The electric vehicle (EV) sector registered exponential growth during the last decade due to depleting fossil fuel reserves and growing awareness about the impact of global warming. As EVs are a viable option to replace internal combustion engine (ICE) vehicles, EV sales increased substantially in several countries despite the automotive industry facing supply chain constraints […]

Power

Low carbon hydrogen to play defining role in energy transition, says GlobalData

The hydrogen market has progressed rapidly in recent years due to its growing application in industries like the transport, industrial, energy, aerospace, defence, and construction sectors. Against this backdrop, low carbon hydrogen is gaining traction as a critical component to achieve energy transition and long-term decarbonization goals, says GlobalData a leading data and analytics company. […]

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Subsidy-free offshore wind bids rise, while undersubscribed renewable power auctions pose concerns in Europe, says GlobalData

Renewable energy auctions in Europe are experiencing two contrasting trends. While the offshore wind segment has witnessed intense competition resulting in subsidy-free bids across major countries, the renewable power auctions have been undersubscribed in the past year due to several factors such as increased raw material costs, rising logistics expenses, higher interest rates, and prolonged […]

Power

Kazakhstan likely to miss revised 2030 renewables target, says GlobalData

Kazakhstan achieved its short-term target of generating 3% of its electricity from renewables in 2020. In 2021, the country revised the renewables target for 2030 to 15% from the previous 10%. However, as per the current trend, the country will be able to achieve only 10.3% of electricity generation through renewables due to a lack […]

Power

Auctions crucial for Brazil renewable power expansion, says GlobalData

Renewable power market has developed rapidly in Brazil in recent years, thanks to its remarkable progress in wind, biopower, and solar power sectors. The development of renewables has primarily been due to the introduction of the government’s auctioning system against the backdrop of increase in total electricity demand in the country, says GlobalData a leading […]

Power

Portugal needs to invest heavily on energy storage solutions to achieve renewables target, says GlobalData

The Portuguese government revealed plans to expedite renewable power development in April 2022, amid the ongoing war between Russia and Ukraine. The government set a target to achieve 80% of its electricity generation from renewables by 2026, four years earlier than previously planned. To achieve the new target, the country needs to invest heavily in […]

Power

Peru needs challenging targets for non-hydro renewables to overcome dependency on conventional power, says GlobalData

The National Energy Plan of Peru set a target of 60% power generation from renewable sources by 2025 and it includes 55% generation from large hydro. By 2030, the country expects that the non-hydro renewable energy contribution will increase from 5% to at least 20%. The 2025 target has already been achieved, and the 2030 […]

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Offshore wind key to achieve US climate goals, says GlobalData

A combination of factors such as complex regulations, lack of consistent and substantial federal support and high costs have hindered the growth of offshore wind in the US. However, offshore wind has several advantages over other forms of renewable energy, which makes it a valuable addition to the energy mix, especially as the US looks […]

Power

Overdependency on gas, lack of supportive policies hinder renewable power growth in Qatar, says GlobalData

Qatar has one of the lowest shares of renewables in the power mix among the Gulf Cooperation Council (GCC) countries. The abundant gas reserves have enabled Qatar to enjoy supply security with 99.6% of the capacity and generation coming from thermal power in 2021. The country lacks robust policies that support renewable power and offers […]

Prev 1 … 3 4 5 6 7 … 24 Next

Global nuclear power capacity to reach 494GW by 2035, driven by advancements in SMRs and clean energy shift, says GlobalData

South Korea to reach close to nuclear power generation target of 32.4% by 2030, says GlobalData

Malaysia to close in on 40% renewable capacity target by 2035, says GlobalData

Global transformers market to reach $51.33 billion in 2028, led by the Asia-Pacific region, forecasts GlobalData

China to reach 2030 solar and wind energy target five years ahead of schedule, says GlobalData

Renewable energy to dominate Italy’s power generation mix by 2035, says GlobalData

Saudi Arabia could reach closer to 130GW renewable capacity target by 2030 with robust policy implementation, says GlobalData

Thermal power will continue to dominate annual generation mix of Russia during 2024-35, says GlobalData

UAE power mix will continue to be dominated by thermal power in next decade, says GlobalData

APAC countries to refocus on nuclear power and adopt rooftop PV to achieve climate goals, says GlobalData

Global high-voltage switchgear market to reach $30.3 billion in 2027, forecasts GlobalData

Government mandates and infrastructure investments to fuel EV growth globally, says GlobalData

Low carbon hydrogen to play defining role in energy transition, says GlobalData

Subsidy-free offshore wind bids rise, while undersubscribed renewable power auctions pose concerns in Europe, says GlobalData

Kazakhstan likely to miss revised 2030 renewables target, says GlobalData

Auctions crucial for Brazil renewable power expansion, says GlobalData

Portugal needs to invest heavily on energy storage solutions to achieve renewables target, says GlobalData

Peru needs challenging targets for non-hydro renewables to overcome dependency on conventional power, says GlobalData

Offshore wind key to achieve US climate goals, says GlobalData

Overdependency on gas, lack of supportive policies hinder renewable power growth in Qatar, says GlobalData

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