Australia, Brazil, And India Rank Among Top Five With Renewable Potential

Australia, Brazil, And India Rank Among Top Five With Renewable Potential, Finds Study

RatedPower’s, 2025 Global Renewable Trends Report reveals a high confidence in the future of renewables, with storage, solar, and green hydrogen as key growth areas over the next five years.

RatedPower is a part of Enverus, an energy-dedicated SaaS company that leverages generative AI in its solutions. According to the respondents it surveyed, the U.S., China, Australia, Brazil, and India comprise the top five countries with the highest renewable growth potential. Pivotal driving factors, such as the combination of governmental buy-in, strong economic incentives, and favorable geographic locations, were also cited.

Key Challenges

The report explores the fundamental challenges, trends, and successes in the renewables landscape by surveying more than 140 industry professionals. It also includes a breakdown of RatedPower user statistics, which sheds light on the platform’s most popular design trends.

The survey also asked respondents to share their views on the sector’s principal challenges. Grid saturation and instability (60.1%), and permitting and regulation (49.7%) rose to the top of the list. This mirrored the top two challenges from last year, but the percentage for both dropped by approximately 6%, respectively, highlighting some perceived potential for improvement in these areas.

Respondents also shared their views on how storage technology, such as battery energy storage systems, and alternate renewable deployments, such as agri-PV, floating solar, and offshore wind, can be maximized. A common theme that emerged across all these areas was the implementation of supportive policies, incentives, and more streamlined processes.

Key data takeaways from the report: 

• 93.7% of respondents rated their confidence in the industry’s future as either four or five out of five.
• 60.1% of those surveyed stated that grid saturation and instability was the critical challenge facing the renewables industry, down from 66.7% last year.
• 48.3% stated that storage has the most significant growth potential over the next five years, with solar in second at 30.8%.
• Bifacial modules continue to dominate simulations, being the chosen module in over 91% of simulations in all four quarters of 2024. Bifacial modules accounted for 94.46% of simulations in 4Q24, a record high.
• Hybrid plants have made up between 11% and 28% of simulations through all four quarters of 2024.
• More than 60% of simulations in 2024 have used string inverters. This upward trend has been tracking for the last few years. Central inverters are still more popular in simulations of plants with peak power of 100 MW or more.

What are the Biggest Challenges for the Renewable Sector for the Coming Year?

Source-RatedPower Trends Report 2024