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Croatia has adopted renewable auctions in a bid to increase the share of renewables in its power mix, says GlobalData. The leading data and analytics company notes that these auctions are expected to help increase the country’s installed renewable power capacity (excluding hydropower) from 1 GW in 2020 to 3.2 GW in 2030, growing at […]
Netherlands on track to phase out coal power by 2030, says GlobalData
The Netherlands is on track to phase out the use of coal for power generation by 2030, according to GlobalData, which notes that the country’s coal power capacity is expected to decline from 3.31 GW in 2020 to 3.18 GW in 2025, before being phased out altogether in 2030. The leading data and analytics company […]
Sweden may achieve 100% electricity generation from renewables by 2040, says GlobalData
Sweden has the potential to achieve 100% electricity generation from renewables by 2040, according to GlobalData. The leading data and analytics company notes that the country is rapidly decommissioning its thermal power plants, and is expected to reduce its cumulative thermal power capacity from 3.2 GW in 2020 to 1.8 GW in 2030. Rohit Ravetkar, […]
Smart grid-enabled technologies are witnessing huge uptake as they help in increasing the power grid’s efficiency and reliability, says GlobalData
Smart grid-enabled technologies such as smart metering, demand response, and vehicle-to-grid (V2G) are witnessing huge uptake globally, according to GlobalData. The leading data and analytics company notes that this uptick in development is due to the technology offering several benefits such as greater transparency and control over power consumption, improvements in grid reliability, and reduced […]
Replacement of coal-based power plants with gas-based to help continue thermal generation dominate in South Korea, says GlobalData
Despite renewable capacity growth, South Korea will continue to use thermal sources for majority of its power generation through 2030. The annual generation from thermal sources is expected to reach 397.77 TWh in 2030 from 362.04 TWh in 2020. Thermal power will account for 61.5% in South Korea’s annual power generation in 2030, whereas renewables […]
Swift solar PV additions in developing economies help APAC continue to lead globally till 2030, says GlobalData
The Asia-Pacific (APAC) region has been the global leader of cumulative solar photovoltaic (PV) capacity. Therefore, solar PV plants need to be deployed rapidly in developing countries like India and Vietnam which are expected to help the APAC region maintain the dominance in the global solar PV market, says GlobalData, a leading data and analytics […]
Thermal power to continue to dominate annual power generation in Thailand till 2030, says GlobalData
Thermal power generation is expected to hold the largest share in Thailand’s power generation mix by 2030. In 2020, annual power generation through thermal power sources held a share of 81.7% in total generation. Despite this share likely to decline to 77.2% in 2030, thermal power will continue to dominate the annual power generation in […]
Thermal power will continue to dominate annual power generation in Russia to 2030, says GlobalData
Slow growth of renewable technology in Russia will mean the country will have to continue to significantly depend on thermal sources for power generation, according to GlobalData. The leading data and analytics company notes that thermal power is expected to have the largest share in Russia’s power generation mix by 2030, with a 57.8% share. […]
Renewable power generation share in Denmark to reach nearly 100% in 2030, says GlobalData
Renewable power generation* in Denmark is expected to increase from 24.33 Terawatt-hours (TWh) in 2020 to 43.2 TWh by 2030, growing at a compound annual growth rate (CAGR) of 5.9%, according to GlobalData. The leading data and analytics company notes that the share of renewables in the generation mix is already quite high, at 86.4% […]
Solar PV and onshore wind capacity to witness rapid growth in China by 2030, says GlobalData
Renewable power capacity (excluding hydropower) in China is expected to increase from 572.89 GW in 2020 to 1,772.05 GW in 2030, growing at a compound annual growth rate (CAGR) of 12%. Solar PV and onshore wind are expected to witness swift growth in the country by 2030. The cumulative solar PV capacity is expected to […]
Renewable power capacity in Turkey to more than double by 2030, says GlobalData
Renewable power capacity* in Turkey is expected to increase from 19.07GW in 2020 to 49.31GW by 2030, growing at a remarkable compound annual growth rate (CAGR) of 10%, according to GlobalData, a leading data and analytics company. According to GlobalData’s report, ‘Turkey Power Market Outlook to 2030, Update 2021 – Market Trends, Regulations, and Competitive […]
China to lead deployment of electric vehicles during 2021 to 2030 period
China continues to be the largest electric vehicles market in terms of fleet size and annual sales as of 2020. The country is expected to maintain its dominant position during the 2021–2030 period as well, deploying more than 50 million electric vehicles in the next ten years, says GlobalData, a leading data and analytics company. […]
Hydrogen Forward is a Key Pillar of the Energy Transition, Powered by Decarbonization, says GlobalData
Hydrogen is gaining prominence as a critical component of the energy transition as significant policy support and government commitment to deep decarbonization are spurring investments in hydrogen. This momentum that has been built along the entire value chain is accelerating cost reduction in hydrogen production, transmission, distribution, retail, and end-applications, says GlobalData, a leading data […]
Germany’s nuclear phase out expected to be complete by 2022 as country cuts capacity by over 60% last decade, says GlobalData
Between 2010 and 2020, installed nuclear capacity in Germany declined from 20.5GW to 8.1GW, according to GlobalData, which estimates the country will reach 4.1GW by the end of this year. The leading data and analytics company notes that this progression sets Germany on track to completely phase out nuclear by 2022. Rohit Ravetkar, Power Analyst […]
Increasing investment in wind power to lead UK’s transition from thermal power to renewables, says GlobalData
Renewable power capacity in the UK is expected to increase from 46.7 GW in 2020 to 110.5 GW by 2030, growing at an impressive compound annual growth rate (CAGR) of 9%. One of the prominent drivers for the renewable segment in the country is the growth of wind power, says GlobalData, a leading data and […]
Taiwan on track to replace nuclear energy with solar and wind by 2025, but country still heavily reliant on thermal power, says GlobalData
Taiwan’s nuclear power installed capacity decreased from 4.9GW to 3.8GW, at a compound annual growth rate (CAGR) of -1.2%, according to leading data and analytics company GlobalData. If this trend continues, the country is set to meet the government’s target of zero capacity by 2025. Taiwan intends to fill the gap created by the retirement […]
Power consumption in Ukraine expected to decline by more than 29.6TWh in the next decade, says GlobalData
The annual power generation in Ukraine is estimated to fall by more than 22.8TWh in the next decade due to a combination of macroeconomic factors such as political instability and lack of a coherent national energy policy combined with slowdown in commercial and industrial sectors due to declining population, says GlobalData, a leading data and […]
Thermal power to dominate Indonesia energy mix over next decade, reveals GlobalData
Major global economies are moving away from coal to curb carbon emissions. This has landed Indonesia in a tight spot as thermal power capacity is expected to maintain its dominance in the country during 2021-2030, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Indonesia Power Market Outlook to 2030, Update 2021 […]
Nuclear power will remain dominant source of power generation in Bulgaria to 2030, says GlobalData
Electricity demand in Bulgaria stood at 30.9 TWh in 2020, more than half of which is fulfilled by nuclear power generation. Nuclear power will remain the dominant source for power generation in the country until 2030 accounting for 14.1 TWh, despite the government’s plans to replace it with renewable power capacity, says GlobalData, a leading […]
Solar PV installations to grow by over fourfold in Australia by 2030, says GlobalData
The solar photovoltaic (PV) capacity in Australia, which stood at 17.99 GW in 2020, is estimated to reach 80.22 GW in 2030. The solar PV accounted for 21.7% of Australia’s total power capacity in 2020 and it is estimated to reach 47.56% in 2030, according to GlobalData, a leading data and analytics company. GlobalData’s report […]