But thermal energy will continue to lead, according to new report from GlobalData.
The global renewable capacity is estimated to reach 2,055 GW in 2030, growing at a Compound Annual Growth Rate (CAGR) of 8.2% from 2013 to 2030, but thermal energy will continue to be the dominant source of power generation for the foreseeable future, according to the latest forecast from research and consulting firm GlobalData.
The new report states that although countries are shifting towards the use of alternative energy resources, thermal capacity is expected to increase from 3,628 GW in 2013 to 5,833 GW by 2030, at a CAGR of 2.8%. In 2012, it was estimated that more than 70% of India’s power generation came from coal alone, while this accounted for 78% of China’s energy sources in the same year. Read more
Source : www.onlinetes.com