Electric generation robust globally despite challengesDespite facing challenges, the global electricity market is robust, according to research from Lucintel. In fact, electricity generation has been increasing steadily over the past decade and is expected to grow to 28,085 TWh by 2017 – a compound annual growth rate of 4 percent over the next five years. Coping with ever-changing energy policies while remaining profitable remains a challenge, but the burgeoning GDP, improving standard of living, and proliferating services and manufacturing sectors have led to an increase in electricity demand. In 2017, coal is estimated to have the largest share in global electricity generation capacity. Renewable electricity generation is expected to see a compound annual growth rate of 8.1 percent over the next five years. Solar and wind should be the fastest growing while biomass and waste-to-energy are expected to attract new investments. For more: Related Articles:
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