New York, March 22, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Global Power Generation Forecasts” – https://www.reportlinker.com/p06037565/?utm_source=GNW
Increased investment in transmission and distribution lines, proposals for digital grid solutions and energy storage will minimize the reduction of renewables in the future. Total global installed generation capacity is expected to increase from 7,180.60 GW in 2020 to 10,532.45 GW by 2030 at a CAGR of 3.9%. Total investment in electricity is expected to increase from $ 408.35 billion in 2020 to $ 545.00 billion in 2030 at a CAGR of 2.9%. China and Asia-Pacific will lead the investments, as China seeks to minimize the growth in carbon emissions and Asia-Pacific invests in reducing the region’s current supply gap. Renewable energies, combined with nuclear power, which will experience high levels of investment over the decade, will account for 90% of investments in 2030. For developing countries, coal will continue to play a key role in the economy. energy supply, even if new investments are declining rapidly. Total installed capacity of coal is expected to drop by 306.37 GW, from 1,937.17 GW in 2020 to 1,630.80 GW in 2030, when new investments in coal are close to zero. North America and Europe will dominate coal shutdowns. The high availability of gas and falling prices will lead to new investments in gas-fired power plants, with capacity increasing by 417.4 GW between 2020 and 2030. A limited number of gas-fired power plants will be disconnected as they face challenges. economic in the face of renewable energies. The majority will remain online beyond their operational lifespan through advanced service and maintenance proposals. Solar photovoltaic installed capacity is expected to increase by 2,063.26 GW, while wind power installed capacity will increase by 915.27 GW between 2020 and 2030. The study covers solar, wind, gas, hydropower. , petroleum / diesel, nuclear, biomass and coal. It includes various distributed and centralized energy sources by investment and examines regional trends and future prospects for each energy source.
Read the full report: https://www.reportlinker.com/p06037565/?utm_source=GNW
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