DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/kqrckq/emerging_power_mar) has announced the addition of the "Emerging Power Markets in Eastern Europe to 2020 - Governments Encouraging Infrastructure Development by Easing Industry Barriers in Lithuania, Bulgaria, Slovakia, Hungary and Romania" report to their offering.
Thermal Power Share Declining in Emerging Eastern Europe Countries
Emerging Eastern European nations are decreasing reliance on thermal power as they diversify their energy mix and implement a greater share of renewables, says the latest report by energy industry specialists GBI Research.
The new report* states that Eastern Europe's emerging power countries (defined as Lithuania, Bulgaria, Slovakia, Hungary and Romania) are aiming to decrease reliance on power generated from fossil fuels, which are becoming less available and correspondingly more expensive.
Cumulatively, the total installed capacity of these countries will climb from a 2011 figure of 49,906 megawatts (MW), to 65,989 MW by 2020, but a more substantial portion of this latter amount will be taken by renewable and nuclear energy.
Last year, thermal energy accounted for 53.5% of the total installed capacity of these emerging Eastern European power markets - a stake set to drop to 44.5% by 2020. In 2011, renewable and nuclear power represented respective shares of 5.3% and 13.8%, but these contributions are expected to rise to 12.8% and 17.2% by the end of the decade.
In terms of growth, Bulgaria is expected to dominate renewables in the region. From a 2012 installed capacity of 435 MW, Bulgaria will expand its renewable capacity to 2,672 MW by 2020, shooting up at a Compound Annual Growth Rate (CAGR) of 26.7%.
Companies Mentioned
- AES Corporation
- Bulgarian Energy Holding EAD
- CEZ Bulgaria
- Enel Bulgaria
- GDF Suez SA
- Hidroelectrica SA
- Lietuvos Energija AB
- Magyar Villamos Muvek Rt.
- Matrai Eromu ZRt
- S.C. Termoelectrica SA
- Slovenské elektrárne
- UAB Vilniaus Energija
For more information visit http://www.researchandmarkets.com/research/kqrckq/emerging_power_mar