Green Power Market Updates

Global Green Power Market size was valued at USD 59.21 Billion in 2023 and is poised to grow from USD 66.9 Billion in 2024 to USD 159.82 Billion by 2032, growing at a CAGR of 11.5% during the forecast period (2025-2032).

Green power providers should focus on improving the efficiency of their offerings and reduce emissions to comply with modern environmental mandates. Use of cleaner fuels to operate green powers is also slated to be a major opportunity for companies looking to make a mark in the long run. Targeting developing countries such as India, China, and Brazil is slated to be a key strategy for all companies as per this global green power market forecast. 'Trina Solar', 'First Solar', 'Canadian Solar', 'ABB', 'GE', 'Tata Power Solar Systems Limited', 'Innergex', 'Enel Green Power', 'Xcel Energy', 'EDF', 'Geronimo Energy', 'Invenergy LLC', 'ACCIONA', 'Vestas', 'UpWind Solutions Inc.', 'Senvion', 'Sinovel Wind Group Co. Ltd.'

Climate change has emerged as a major threat to the existence of the world. Renewable energy sources like wind, solar, and hydro emit little to no carbon, making them essential for meeting international agreements like the Paris Climate Accord. Corporations and governments are setting net-zero targets, leading to greater green energy procurement and a positive global green power market outlook.

Signing of New Corporate Power Purchase Agreements (PPAs): Corporations across tech, retail, and manufacturing sectors are increasingly signing long-term PPAs to source green electricity directly from renewable energy developers. Launch of ambitious net zero emission goals by corporations and their efforts to reduce emissions are making power purchase agreements a prominent global green power market trend for the future.

Why Should Green Power Companies Invest in Asia Pacific?