Boulder, Colorado -- Later this month, the world’s largest biomass-fueled power plant will come online in the United Kingdom, generating an estimated 750 megawatts (MW) of base load renewable power. The Tilbury, England facility represents a significant step forward for the biomass power generation sector, which is expected to expand rapidly in the coming decade. Defined as the generation of electricity and heat from biomass resources, biopower is one of the only base load renewable energy sources with widespread availability of fuel resources, says a new Pike Research report on “Biopower Markets and Technologies".
Capacity of 115 GW
Under a more aggressive growth scenario, capacity could reach 115 GW, representing $138 billion (€ 108 billion) in cumulative investment as governments incentivize renewable power sources that can alleviate concerns around energy security, reduce carbon emissions, and stimulate economic development.
“Although facing significant headwinds, the biopower industry is continuing to add capacity worldwide as governments look to develop low-cost, base load renewable energy sources,” says senior analyst Mackinnon Lawrence. “Currently, power generation from biomass is hamstrung by policy uncertainty and the high costs of feedstock relative to fossil fuels, but the combination of a burgeoning international trade in biomass pellets, implementation of emission regulations, and increased utilization of co-firing strategies is expected to accelerate global scale-up efforts over the next decade.”
Global market analyzed
Pike Research’s report, “Biopower Markets and Technologies”, analyzes the global market opportunity for electricity production from dedicated, co-fired, and CHP biopower sources. The study includes a comprehensive examination of market drivers, existing and emerging technologies, feedstock opportunities, the public policy and regulatory landscape, and key industry players. Market forecasts for installed power generation capacity, cumulative investments, and pellet production and consumption are segmented by geography and key countries through 2021. An Executive Summary of the report and report details are available for free download on the firm’s website. Quelle: Pike Research / BusinessWire