Natural gas prices and renewable capital costs affect the generation mix in China

Natural gas prices and renewable capital costs affect the generation mix in China
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29.10.2020

In the International Energy Outlook 2020 (IEO2020), the U.S. Energy Information Administration (EIA) projects that electricity generation in Asia will more than double between 2019 and 2050. EIA analyzed the impacts of changing the price of natural gas and the capital costs associated with adding renewable energy power plants on the future electricity generation mix in China and other countries in Asia that are not part of the Organization for Economic Cooperation and Development (OECD). EIA projects that coal and natural gas will generally remain the primary fuels used for electricity generation. However, the lower renewable cost cases project that renewables, which include wind, solar, and hydroelectric (hydro) technologies, will become significant sources of generation in China and other non-OECD countries in Asia by 2050. EIA published the results of this analysis in an accompanying Issues in Focus article, and the results reflect the Comparative Reference case along with eight alternative cases.

Full article at eia.gov

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