Companies & Finance

Gas-to-power investment lowest in a decade – IEA

A total of $34 billion was invested globally in gas-fired power in 2016, with more capacity retired than approved in Europe A total of $34 billion was invested globally in gas-fired power in 2016, with more capacity retired than approved in Europe.
By Andrew Walker 11 July 2017 0 26704
Irsching gas-fired power plant in Germany. (Siemens)

Global investment in gas-fired power generation fell to its lowest level in a decade in 2016, to $34 billion, according to a new report by the International Energy Agency (IEA)

In Europe, more gas-fired power capacity was retired than approved for construction as the fuel struggled to compete in the power mix.

Nearly half of the cash invested in gas-fired plants was in North America, the Middle East and North Africa, where the supply of feedstock is plentiful. Reduced investment in China offset an increase...