Black & Veatch: Renewable energy to triple by 2036



Renewable energy capacities will more than triple and demand for natural gas will grow 2 percent annually through 2036, according to the latest Energy Market Perspective (EMP) released by consulting firm Black & Veatch.

View the full-size image. Courtesy of Black & Veatch.

The EMP report -- prepared every six months -- is a 25-year prognosis of the North American energy market and is designed as a framework for making sense of the complex energy market.  At a briefing Wednesday morning in Washington, D.C., Robert Patrylak, Managing Director of Black & Veatch's EMP, said that utilities and facilities are "adapting to a new normal," especially as new energy regulations come into play.

"Organizations are trying to make decisions in a very uncertain future of energy regulation," he said.

According to the EMP, the tripling of renewable energy (an addition of more than 100,000 MW of generation) will be driven largely by wind.  Patrylak said the push to natural gas will be a result of reserve additions, differed electric market growth and the increased availability of shale gas.

Along with a growth in renewable and natural gas demand, the EMP also showed the potential retirement of 61,500 MW of coal by 2020, driven by new EPA air quality requirements. This highlights the need for electricity generators and distributers to focus on renewable energy, especially as coal becomes less reliable in the future.

The EMP is available from Black & Veatch by subscription.  

For more:
-see the release


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