Electricity Generation From Gas Faces Restrictions that Could Limit Its Growth in the Short Term

A new report by Wood Mackenzie concludes that, despite growing energy demand, the gas turbine market could experience a “turbo lag” over the next 15 years due to manufacturing constraints, increased costs and competition from renewable energies. The report, entitled “Turbocharged vs turbo lag: The new landscape for gas-fired power”, foresees that between 2025 and 2040 around 890 GW of new gas generation capacity will be added worldwide. Overall,…