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31 July 2008 - The total capacity of new power plants installed in Europe, including Turkey and Russia, will reach 185 GW, German research institute Trendresearch said in its July report, reports Platts.
Of this total, around 98 GW will be gas fired power plants, with coal and nuclear also taking up a major share. The study found growth rates were expected to increase further by 2030, but expectations were for growth to stabilize in the medium to long term.
The majority of new projects will be realized by 2012, but project companies also expect delays and cancellations.
According to Trendresearch, more than 60 per cent of plant operators and over 70 per cent of plant construction companies expect a delay of at least two years for new projects, especially European coal and nuclear units.
Gas power plants and renewables were expected to see a shorter delay time
of six months to a year, due to a quicker application process and in light of
fuel costs and climate protection targets, the study said, according to Platts.
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