#renewable energy

In total, renewables accounted for 32.5 per cent of Ireland’s electricity in May.

The global solar PV backsheet market is projected to grow from $14.2 B in 2024 to $17.5 B by 2034, growing at a CAGR of 2.2 %.

Iran Transfo’s integrated solar system combines inverter, transformer, and switchgear to boost renewable energy and cut foreign equipment dependence.

Rising electricity demand, green energy targets and digital innovations drive India’s growing need for modern substations and intelligent switchgear systems.

The project will transmit 1.5 GW of clean energy from Raigad to Mumbai, expanding Adani Energy’s transmission network and boosting India’s green infrastructure.

California ISO Board approves 2024–2025 plan with 31 grid projects totaling $4.8 B to support rising demand and modernize the state’s power infrastructure.

Norway is offering up to 1.5 GW of floating wind capacity across three sites at Utsira Nord, with final awards expected in 2026 and state support capped at $3.4 B.

The global instrument transformers market is forecast to grow at a CAGR of 7.7 % from 2023 to 2031, reaching $ 8.9 B by 2031.

Massive $14 B agreement will boost Morocco’s power grid, renewables, desalination capacity, and long-distance transmission infrastructure across key regions.

Southfield Road substation project will increase capacity, enable low-carbon growth, and benefit 20,000 homes and businesses in West London by 2026.

The switchboard market is projected to reach $109 B, growing at a CAGR of 3.2 % during the forecast period 2024 – 2029.

The transformer platform sails to its final offshore location for grid connection in 700 MW RWE / OranjeWind wind project.

India added 13,440 MVA of transformation capacity in April 2025 alone, with PGCIL and AESL leading a public-private expansion drive to support renewables and transmission upgrades.

The medium voltage switchgear market is projected to grow from $44.92 B in 2024 to $60 B in 2029, growing at a CAGR of 5.6 %.

Iberdrola sees 26 % profit growth in Q1 2025, driven by $19.5 B (€17.3 B) investments in power networks and offshore wind across the US, UK, Brazil, and Spain.

Finnish firm Norelco expands into Nordic markets with tailored switchgear and energy systems, driven by the green transition and rising electricity demands.

Heerema’s Sleipnir to install offshore substation for Dogger Bank C, the final phase of the world’s largest offshore wind farm project.

The switchgear monitoring system market, valued at $ 1,26 B in 2022, is projected to reach $ 2.04 B by 2033 growing at a CAGR of 4.5 % from 2023 to 2033.

Italy’s Terna will $26 B to modernize power infrastructure as global renewable energy demand surges and electricity use hits record highs in 2024.

The global paralleling switchgear market is projected to reach $2.8 B by 2032, growing at a CAGR of 7.5 % during the forecast period.

The project, worth $284 M, includes new and upgraded substations to boost power supply and reliability across southern Peru, including the city of Cusco.

Credendo insures $3.3 B (€2.9B) project financing for the 495 MW Fengmiao offshore wind farm involving Belgian and international firms.

The smart energy market is projected to soar to $253.1 billion by 2027, doubling in size from 2019.

Vivek Yadav highlights how advanced switchgear can cut $1.6 B (₹14,000 crore) in costs and drive India’s clean energy shift amid surging power demand.