Rising energy demand

Rising energy demand

According to the European Commission’s Baseline business-as-usual scenario, electricity demand will increase 52% between 2000 and 2030.

Total installed power generation capacity will increase by about 400 GW, from 656 GW in 2000 to 1,118 GW in 2030, and additionally about 365 GW of current power stations are to be retired or decommissioned.


The total new build requirement in Europe to 2030 is 761 GW, more than the entire European power capacity in existence today.

Some 80% of incremental energy consumption to 2030 is predicted to be met by gas.

A dramatic increase in power consumption will require substantial investments in generation assets.

According to the International Energy Agency (IEA) the EU will need to invest €100 billion in transmission networks and €340 billion in distribution networks for reinforcement, asset replacements and new connections over the three decades from 2001- 2030.


Irrespective of whatever policy is chosen by the EU, massive investments in generation plants and grids are required. For policy-makers, the question is the priority to be assigned to different technologies.

 

Related Post

Balkan leaders have to realise new coal plants are... Author:  Pippa Gallop, Research Co-ordinator, CEE Bankwatch Network In April this year, the EU proved that whatever difficulties it might be going...
Shell bids to drill two Albanian onshore blocks A venture between Royal Dutch Shell and Canada’s Petromanas has applied to drill two onshore blocks in central Albania close to another promising well...
Bankers Petroleum Ltd. to be acquired by an affili... CALGARY, March 20, 2016 /PRNewswire/ - Bankers Petroleum Ltd. ("Bankers") (TSX: BNK, AIM: BNK) is pleased to announce that it has entered into...
Blackbird Energy: Buy The Rumor, Sell The News Summary Blackbird Energy is an emerging explorer targeting the Montney formation in Canada. Thanks to its first two Montney wells, the company garne...
Fresh debates on sea borders between Albania and G... A debate has been triggered in Albania over the pending agreement over the sea borders with Greece and the search for oil that the Greek side has star...
share