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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 […]

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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 […]

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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% […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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Webinar invite: Hydrogen gaining prominence as key component in energy transition, says GlobalData

On Thursday, 10 November 2022 at 3:00pm (GMT), the Power team at GlobalData will host a webinar on the key developments driving the importance of hydrogen in energy transition. Click here to register, and find out: Hydrogen production capacity details Demand drivers of hydrogen Policy initiatives boosting investments in hydrogen Major hydrogen projects announced Speaker: […]

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Iran’s renewable energy growth continues to be hindered by US sanctions, says GlobalData

The Iranian power market has been severely impacted by the series of sanctions that have been imposed by the US, which has made it difficult for Iran’s finance and banking sectors to make payments or secure debt and equity finance for projects as it has become virtually impossible, found GlobalData. The leading data and analytics […]

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Renewable power is the key for Germany to overcome potential energy crisis following Russia-Ukraine conflict, says GlobalData

To help divert a potential energy crisis, renewables are expected to play a major role in meeting Germany’s power demand as a result of the country’s gas and coal supply being stunted due to EU sanctions placed on Russia, observes GlobalData. However, the leading and analytics company found that as a result of Germany’s plans […]

Power

Renewables key for Thailand to overcome dependency on fossil fuel imports, says GlobalData

Renewable energy development is key for Thailand to cut its dependency on fossil fuel imports, as gas-based thermal power generation accounted for nearly 61.3% of the country’s annual electricity generation in 2021, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Thailand Power Market Size, Trends, Regulations, Competitive Landscape and Forecast, 2022-2035’, reveals […]

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Indonesia to speed up geothermal development to solve energy issues, says GlobalData

With an estimated 24GW in geothermal reserves that account for 40% of the world’s geothermal resources, Indonesia is set to accelerate the geothermal power development to solve its energy issues, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Indonesia Power Market Size, Trends, Regulations, Competitive Landscape and Forecast, 2022-2035,” reveals that Indonesia […]

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Saudi Arabia won’t even come close to its 2023 renewable target, seeing a shortfall of 25.8 GW, says GlobalData

Under the Saudi Arabia Vision 2030, the country revised its renewables target to achieve 27.3 GW of renewable power capacity by 2023 and 58.7 GW by 2030. However, at its current rate of renewables development, the country is not even close to the 2023 target and even the 2030 targets look out of reach, says […]

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Canada expected to miss its 2035 clean electricity goals, says GlobalData

Canada is expected to fall short of its 2035 clean electricity target, according to GlobalData, after reviewing the country’s current renewable capacity activity. The leading data and analytics company notes that the country was targeted to produce nearly 100% of its electricity from zero-emitting sources by 2035, however, the country is adding only 2.6 GW […]

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Lack of governmental support has stunted the growth of renewables in Mexico, says GlobalData

Since the change in government in 2018, the growth in Mexico’s renewable power sector has been slower, growing from 10.2 GW to 17.8 GW compared to the growth the sector saw between 2013 and 2018, where constitutional reforms allowed the renewable sector to take on a larger role allowing the industry to grow from 3.5 […]

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Japan to nearly achieve 2030 renewable power generation target, estimates GlobalData

Japan is focusing on the rapid development of renewable energy to fill the void created by the Fukushima nuclear power plant disaster. Japan released the Sixth Strategic Energy Plan in October 2021, which increased the country’s renewable power (including hydropower) generation target from the previous 22-24% to 36-38% by 2030. As per the current trend, […]

Power

Strong policies and investments key for Spain to meet its 2030 renewable targets, says GlobalData

The Spanish government aims to achieve 160 GW of total installed renewable capacity by 2030 and has set a target to achieve 74% renewable electricity generation by 2030 and 100% by 2050. The country has taken a meticulous approach towards phasing out coal power generation by 2025, decommissioning oil-power plants by 2030, and phasing out […]

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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

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

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

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

Webinar invite: Hydrogen gaining prominence as key component in energy transition, says GlobalData

Iran’s renewable energy growth continues to be hindered by US sanctions, says GlobalData

Renewable power is the key for Germany to overcome potential energy crisis following Russia-Ukraine conflict, says GlobalData

Renewables key for Thailand to overcome dependency on fossil fuel imports, says GlobalData

Indonesia to speed up geothermal development to solve energy issues, says GlobalData

Saudi Arabia won’t even come close to its 2023 renewable target, seeing a shortfall of 25.8 GW, says GlobalData

Canada expected to miss its 2035 clean electricity goals, says GlobalData

Lack of governmental support has stunted the growth of renewables in Mexico, says GlobalData

Japan to nearly achieve 2030 renewable power generation target, estimates GlobalData

Strong policies and investments key for Spain to meet its 2030 renewable targets, says GlobalData

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