On this week’s episode of #TruthtoPower, IntelStor's Founder & CEO, Philip Totaro returns to to the IntelStor Future of Renewables Report to get more analysis on the regional breakdown of the capacity, generation & finance data.

Solar PV leads the world in capacity installed, thanks to China’s 991 GW capacity bolstering the Asia Pacific region. Without China, solar PV still has over 340GW installed in the region due in part to a strong adoption rate in Vietnam, and neighboring southeast Asian countries.

Due to the growth in onshore wind in China and other global markets, that technology will end 2026 as second in cumulative installed capacity behind solar PV and overtaking hydropower. The Asia Pacific region is globally dominant due to China, but the Americas appear poised to overtake Europe within the next 5 years due to growth in solar PV, onshore as well as offshore wind as well.

APAC will see between 175 and 300 GW per year with China accounting for at least 70% of that total. Europe will see between 55 and 75GW of new capacity per year through 2030, with the Americas being reduced to 50 – 65 GW per year due to a pullback in the USA and limitations in other major markets in the region such as Brazil. Africa remains concerning with only 6 – 9 GW of capacity additions per year, and lacks investment in transmission infrastructure that is necessary to grow renewable energy capacity in the region.

Have a listen today, and get in touch with your best questions about the #renewableenergy markets in any country around the world.

This show examines data driven insights for the energy sector, with a focus on renewables. To subscribe to IntelStor Research Notes and get early access to our latest content as well as these Truth to Power weekly editorials, visit https://lnkd.in/e98Z9qs3