MADRID, Spain (Feb. 18, 2025) — RatedPower, a part of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released its 2025 Global Renewable Trends Report. The report explores the fundamental challenges, trends and successes across the renewables landscape through the eyes of more than 140 industry professionals surveyed. Included is a breakdown of RatedPower user statistics, which sheds light on the most popular design trends across the platform.
The results revealed resolute confidence in the future of renewables, with storage, solar and green hydrogen as key growth areas over the next five years. According to the respondents, the U.S., China, Australia, Brazil and India comprise the top five countries with the highest renewable growth potential. Also cited were pivotal driving factors such as the combination of governmental buy-in, strong economic incentives and favorable geographic locations.
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.
In response to the survey, RatedPower customer Diego Lobo-Guerrero Rodriguez from SENS – Iqony Sustainable Energy Solutions commented on the immense impact that AI, machine learning and digitalization trends will have on the industry. “I expect many steps forward towards a faster development of technologies and services, but doing it safely is critical,” he said. He also emphasized the need for the industry to be prepared for how “energy demand will increase heavily” from the surge in new data centers.
Respondents also shared their view 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.
“It has been a pleasure to produce the report for five years running. Over that time, we have seen substantial change, not just across the industry but also in technology’s power to transform the solar design process. Even though there are uncertainties and critical challenges to overcome, we’re energized by the possibilities ahead and are proud to be part of the transformative path to a greener future,” said Andrea Barber, VP of Power & Renewables at Enverus and co-founder of RatedPower.
Click here to download the full report.
Media Invite:
RatedPower is inviting members of the media to PULSE, an international gathering of professionals across the whole renewable energy value chain — from world-class utilities to developers, engineering, procurement, construction contractors and asset management. This year’s conference will be held April 3-4, 2025, in Espacio COAM, Madrid. Members of the media with questions or looking to obtain a media registration code for PULSE should email [email protected].
About Enverus
Enverus is the most trusted energy-dedicated SaaS company, with a platform built to maximize value from generative AI, offering anytime, anywhere access to analytics and insights. These include benchmark cost and revenue data sourced from more than 95% of U.S. energy producers and more than 40,000 suppliers. Our platform, with intelligent connections, drives more efficient production and distribution, capital allocation, renewable energy development, investment and sourcing. Our experienced industry experts support our customers through thought leadership, consulting and technology innovations. We provide intelligence across the energy ecosystem: renewables, oil and gas, financial institutions, and power and utilities, with more than 6,000 customers in 50 countries. Learn more at Enverus.com.
About RatedPower
RatedPower helps companies discover the smartest ways to design and engineer utility-scale solar PV plants and maximize their potential through their software to automate and optimize the study, analysis, design and engineering of photovoltaic plants and their electrical infrastructure in all its stages. RatedPower has helped design more than 55 TW in more than 160 countries. Bringing value to developers, IPPs, contractors, investors and manufacturers, helping them make better decisions, democratizing engineering knowledge and boosting the deployment of solar plants worldwide. Learn more at RatedPower.com.
