The Cumulative capacity of Thermal power plants in United Kingdom reached 42,536.05 MW in 2020
The indicator recorded a historical decline (CAGR) of 5.88% between 2017 and 2020, and is expected to grow by...
GlobalData projects the indicator to decline at a CAGR of ...
Cumulative capacity of Thermal power plants in the UK decreased YoY in 2020
The UK's coal power capacity decreased between 2010 and 2020. It is expected that coal power would be eliminated from the capacity mix by the end of 2024. Gas power capacity is expected to decrease by 2030. Oil power capacity was the smallest among thermal technologies in terms of capacity in 2020. It is expected to decrease by 2030.
The cumulative capacity for thermal power in the UK decreased between 2010 and 2020. It is expected to increase between 2020 and 2030.
The increase in demand for electricity in the UK could provide ample growth opportunities to the electricity generating companies in the UK. According to in-house research, electricity consumption in the country is expected to increase by 2030. Improving economy and increasing population are likely to increase the demand for power. In line with the increasing demand, the total installed capacity for power generation in the UK is expected to grow by 2030. The annual power generation in the country is expected to grow by 2030.
Related Companies
Drax Group Plc, Engie SA, RWE AG, and SSE Plc are among some of the prominent electricity generating companies.
Drax Group Plc (Drax) is a biomass-fueled electricity generator, which generates electricity from coal and biomass. It operates across various principal areas of activities, including electricity generation; electricity sales to business customers; and manufacturing of compressed wood pellet for use in the electricity production. The company operates power stations in the UK that includes Drax Power; Drax Biomass Inc.; Haven Power; and Opus Energy. It sources biomass pellets from the US, Canada, Latvia, Estonia, Portugal, the UK, Lithuania and Brazil, among others; and operates biomass compressed wood pellet production facilities and processing facilities in the US. Drax is headquartered in Selby, North Yorkshire, the UK.
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