Power generation may attract $11.4 trn over 25 yrs
The Dollar Business Bureau Global power generation may attract around $11.4 trillion investment in the next 25 years, Bloomberg New Energy Finance (BNEF) forecasted in its New Energy Outlook 2016. Though the prices of coal and gas are likely to remain low, electricity system all over the world could gravitate towards renewable sources in the next few decades, it said. Emerging countries would dominate in gaining huge investments in power generation through coal and gas. Over $1.2 trillion will be invested in new coal-based power plants, while $892 billion will be spent on new gas-based power plants. More than $7.8 trillion will be invested in renewable power with wind power attracting $3.1 trillion, solar power $3.4 trillion, and hydro-electric power $911 billion, ...
