CHP capacity boosted by massive investments

August 7th, 2014, Published in Articles: Energize

 

The Asia-Pacific (APAC) region’s distributed combined heat and power (CHP) installed capacity will grow from around 37,7 GW in 2013 to approximately 64 GW by 2019, at a cost of almost $56-billion, according to research and consulting firm GlobalData. This is the second largest investment globally behind Europe, which is expected to spend about $144-billion between 2014 and the end of the forecast period. China’s significant contribution has been the major driving force behind the expansion of APAC’s distributed CHP installed capacity reaching 37,7 GW by 2013, and is expected to account for more than 50% of the region’s market share, with a forecast net capacity addition of over 14,5 GW between 2014 and 2019. Most of China’s current CHP projects are coal-based, presenting a fertile opportunity for market growth, as CHP power plants can employ the existing set-up of coal-fired plants. By moving to technologies that burn fuels with lower emissions, such as gas or biomass, the country can gradually reduce its coal consumption.

Contact: Emily Packer, Global Data, pr@globaldata.com

 

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