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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. […]

Power

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 […]

Power

Supply security through hydropower should enable Laos to expedite renewables development, says GlobalData

With supply security through hydropower and being a net exporter of electricity, Laos has the capacity to expedite renewables development depending on funding support from developed countries, as it targets to achieve 30% of its energy consumption from renewable sources by 2025, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Laos Power […]

Power

Bangladesh leans towards coal-based power as renewables development faces challenges, says GlobalData

Bangladesh is set to increase the coal-based power generation capacity to ensure supply security at a time when many other countries are focussing on the development of renewables and cut dependency on thermal power to achieve climate goals. The country’s move to expand coal power comes as challenges remain for renewables development, including inadequate grid […]

Power

Malaysia renewables growth hindered by unrealistic targets and absence of robust policies, 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 18.4GW renewable capacity by 2040. Both objectives are highly unrealistic, as only 9.1% […]

Power

Argentina risks falling short of 2025 renewable generation target unless it revives its RenovAr program, says GlobalData

Despite Argentina having plenty of renewable energy potential, the country has fallen short of its renewable energy target compared to other Latin American countries, says GlobalData. According to the leading data and analytics company, the recent Russia-Ukraine conflict may be an opportunity for the government to allocate funds towards the development of renewable power to […]

Power

Ample opportunities for utilities willing to invest in EV infrastructure, says GlobalData

The rise of electric vehicles (EVs) will bring about both enormous opportunities and challenges for the power industry. With planned investments and policies, the utilities will be able to serve new markets. Utilities should collaborate with EV manufacturers to boost EV charging offerings, vehicle-to-grid (V2G) services, energy storage, and renewable energy sources, says GlobalData, a […]

Power

Sweden should strengthen transmission grid to unlock power industry’s full potential amid energy crisis, says GlobalData

The rise in electricity prices has caused financial distress for transmission and distribution companies in Sweden, and for the population in general. A key challenge the country faces is the lack of transmission infrastructure between the northern and southern region. Sweden should focus on strengthening its transmission grid with upgraded cables and create a robust […]

Power

Egypt will achieve wind power target but will fall short of renewable generation target, says GlobalData

Despite being described as having ‘tremendous potential’ for renewable energy, Egypt is expected to see a shortfall on its renewable power generation target for both 2022 and 2035 partly due to its overdependency on gas, according to GlobalData. However, the leading data and analytics company does note that the country is set to meet its […]

Power

Croatia to achieve its renewable targets, but will have vulnerable supply security, says GlobalData

Renewable development could be an ideal import exit strategy for Croatia’s power industry ahead of anticipated rising electricity demand, says GlobalData. The leading data and analytics company reveals that Croatia currently imports 100% of its coal, 40% of its gas and 80% of its oil, and has been particularly vulnerable to the rise in fossil […]

Power

Removal of the Netherlands’ coal power generation cap due to Russia-Ukraine war a setback for country’s renewable transition, says GlobalData

The Netherlands’ decision to restructure its energy plans amid the Russia-Ukraine geopolitical crisis, combined with the scrapping of its nuclear phase out plans in 2021, is a setback for the country’s renewable power aspirations, says GlobalData, a leading data and analytics company. The Dutch government has lifted a cap on coal-based power generation, which was […]

Power

Australia should formalize targets to emerge as renewables superpower, says GlobalData

Australia has pledged to cut greenhouse gas (GHG) emissions by 43% and increase the share of renewable power generation in the country’s National Electricity Market to 82% by 2030, as part of plans to emerge as a renewables superpower and cater to the needs of South Asian countries. However, the country needs to formalize these […]

Prev 1 … 3 4 5 6 7 … 23 Next

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

Supply security through hydropower should enable Laos to expedite renewables development, says GlobalData

Bangladesh leans towards coal-based power as renewables development faces challenges, says GlobalData

Malaysia renewables growth hindered by unrealistic targets and absence of robust policies, says GlobalData

Argentina risks falling short of 2025 renewable generation target unless it revives its RenovAr program, says GlobalData

Ample opportunities for utilities willing to invest in EV infrastructure, says GlobalData

Sweden should strengthen transmission grid to unlock power industry’s full potential amid energy crisis, says GlobalData

Egypt will achieve wind power target but will fall short of renewable generation target, says GlobalData

Croatia to achieve its renewable targets, but will have vulnerable supply security, says GlobalData

Removal of the Netherlands’ coal power generation cap due to Russia-Ukraine war a setback for country’s renewable transition, says GlobalData

Australia should formalize targets to emerge as renewables superpower, says GlobalData

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