Business intelligence provider GBI Research has just published a new report which finds that the various governments in Western Europe are tending to ‘beef up’ their renewable energy generation while significantly limiting the growth of their nuclear facilities. Much of this is due to determined opposition from the public the report claims.
The report, Power Markets in Western Europe to 2020, reveals that the top ten Western European power markets will increase renewable energy capacity from 308.tGW in 2012 to 466.9GW in 2020 – a Compound Annual Growth Rate (CAGR) of 5.3%. This compares to nuclear which is due to grow from 104GW to 105.6GW – a much lower CAGR of just 0.2%.
GBI Research is predicting a negative growth trend in nuclear power across Germany, the UK, Spain and Sweden but with overall positive growth until 2020 due to capacity additions from Finland and France. In terms of power market share however, Western Europe’s nuclear capacity is expected to fall from 14.2% last year to 11.3% by the end of the decade. This decline is heavily influenced by the growth in renewables which is expected to rise from 38.8% to 49.8% over the same period. The report predicts a total cumulative installed capacity among the top ten Western European nations to rise from 758.1GW in 2012 to 937.3GW in 2020 representing a CAGR of 2.7%.