Global power industry: $2.20tn investment by 2021
Market research firm Frost & Sullivan announced the release of its Global Power Industry Outlook.
The report forecasts solar and wind to dominate power generation additions through to 2021. The global power industry is expected to invest $2.20 trillion in energy generation between 2017 and 2021.
Increases in renewable energy adoption and growth of the energy generation sector will be driven by factors including declining capital cost of solar and wind, rise in battery energy storage adoption, disruptive start-ups contributing to competition and increases in mergers and acquisitions.
Published in ESI Africa, 24th May, 2018