Natural gas to grow the most as coal’s prominence fades: Frost & Sullivan
An analysis from Frost & Sullivan, Annual Global Power Generation Forecasts 2012, finds that during the current decade, gas will see the highest growth rate among the major fuels.
Nuclear power, despite some delays after the Fukushima disaster, will also expand strongly due to the large number of nuclear plants currently under construction, particularly in Asia, the analysis says.
Strong growth is also projected for renewable energy, with non-hydro renewables (wind, solar PV, CSP, biomass, geothermal and marine) substantially expanding their share of power generation over the next two decades, it said.
“The growth of coal is not far behind as emerging nations such as China and India rely strongly on this fuel,” noted Frost & Sullivan Analyst.
Nevertheless, growth of coal-fired generation is expected to fall massively during the subsequent decade as developed countries decommission capacity and emerging nations become more diversified in their fuel mix, it said.