Demand surges, supply strains: Renewables and Power Outlook 2026
02 September 2026
Access a condensed version of Energy Macro Report – Renewables and Power Outlook 2026 to learn more about the latest market developments.
Data center capital spending reached $770 billion in 2025, more than the world invested in upstream oil and gas, renewables took 89% of new capacity, and global electricity demand is on track to nearly double by 2050. Yet gas turbine order books are committed three years out, transformer lead times stretch past 160 weeks, and grid connection queues run five to seven years in key markets.
Which projects will reach operation, and where will the constraints bite hardest?
Inside the condensed report:
Why over half the announced data center power pipeline may never reach the grid
What three-year gas turbine backlogs mean for anyone planning firm capacity
Where battery storage economics go next after costs halved in five years
Which regions carry the next 25 years of electricity demand growth
Where China's manufacturing grip on solar, batteries and wind tightens next