Energy

Renewable energies have been an economically and even more socially important asset class not only since the energy transition.

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Forecast News

Global data center power consumption to rise threefold by 2030, forecasts GlobalData

GlobalData predicts that data center power consumption will triple by 2030 (CAGR 21.1% from 2024). China is likely to overtake the US by 2030; APAC is growing strongly. The drivers are cloud, AI, colocation and hyperscale expansion.

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Graph showing the development of cumulative capacity and annual generation in the global SMR market from 2020 to 2040. Image source: GlobalData Power Intelligence Center.
Analysis Forecast

Global SMR capacity to surge nearly sixfold during 2025-30, forecasts GlobalData

GlobalData predicts that global SMR capacity will increase nearly sixfold from 2025 to 2030 and could increase to over a hundredfold by 2040 compared to 2025. Drivers are the need for low-CO2 base load, data centers and energy security; China and Russia lead, FOAK risks curb.

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Forecast

Austria to reach 11TWh solar power generation target well before 2030, forecasts GlobalData

Austria will reach its 11 TWh solar target well before 2030, GlobalData predicts. In 2023, 2.5 GW were added (6.2 GW in total), and around 9.9 GW at the end of 2025; by 2030, approx. 17.3 GW of capacity and 16.3 TWh of generation are expected, supported by EAG subsidies and market instruments.

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Analysis Forecast

Malaysia to surpass 2040 renewable energy target by 2031, forecasts GlobalData

GlobalData predicts that Malaysia will exceed its 2040 NEP target for renewables as early as 2031. Drivers are large solar auctions, reforms, financing and storage. Generation from renewables is to increase to 46.4 TWh by 2035.

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Forecast

APAC to dominate global HVDC converter station market through 2031, forecasts GlobalData

GlobalData forecasts strong growth of the HVDC converter station market through 2031, led by APAC. China leads; India and Germany remain strong, while the USA, UK and South Korea are also pushing forward. Political requirements, renewables and grid expansion are the drivers.

EnergyInfrastructureMarkets
Forecast

Philippines renewable capacity to reach 30GW by 2035, forecasts GlobalData

GlobalData predicts that the Philippines' cumulative renewable capacity will increase to around 30 GW by 2035 – from about 7.1 GW in 2025. The main drivers are solar PV (approx. 18.7 GW) and wind (approx. 7.4 GW), supported by auctions such as the Green Energy Auction Program and investment-friendly reforms. Despite the expansion, coal and natural gas remain dominant for the base load; in addition, nuclear power (approx. 0.3 GW by 2035) is planned for the first time.

EnergyMarkets
Forecast

Egypt solar PV capacity to reach 34.3GW by 2035, forecasts GlobalData

GlobalData predicts that Egypt's photovoltaic capacity will increase from around 2.9 GW (2025) to about 34.3 GW by 2035; the cumulative renewable generation capacity could reach around 49.7 GW by then. Growth will be driven by a strong funding and investment framework with PPAs, incentives, accelerated approvals (including Golden License) and increasingly integrated battery storage systems. At the same time, wind power is growing to around 15.1 GW, while gas remains stable at 45–50 GW and nuclear energy via El Dabaa is growing to around 4.4 GW.

EnergyMarkets
Analysis Forecast

Argentina’s renewables expansion to remain moderate through 2035 despite strong resource potential, says GlobalData

GlobalData expects the expansion of renewable energies in Argentina to progress only moderately by 2035, despite excellent wind and solar resources. Solar PV is expected to grow from around 2.5 GW (2025) to about 7.9 GW (2035) and wind from around 4.5 GW to around 7.6 GW; bottlenecks in grid capacity, financing and politics are slowing the pace. Gas remains central to the electricity mix thanks to Vaca Muerta, while coal-fired power is declining significantly.

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