In a week which saw UK solar installers announce their intention to sue the coalition government over the drastic reductions applied to solar FiT payments, new research claims nuclear is being phased out across the top 10 western European power markets including the UK in favor of renewables.
A report from ‘business intelligence providers’ GBI Research predicts that the UK, along with the likes of Germany, Spain and Sweden, will see a reduction in nuclear installed generating capacity whilst renewables capacity will rise.
GBI Research says renewables capacity across the ten countries will rise from 308.5 GW in 2012 to 466.9 GW in 2020.
During that period the report’s authors forecast a rise in nuclear capacity of only 1.6 GW, from 104 GW to 105.6 GW, with Finland and France accounting for most of that increase.
The report states that across the countries surveyed which also include Italy, Norway, Denmark and Ireland the share of the total power market taken by renewables will rise from 38.8% to 49.8% over the eight years in question whilst nuclear’s share will fall from 14.2% last year to 11.3% in 2020.
GBI Research also predicts demand across the 10 countries in question will force up generation capacity from 758.1 GW in 2012 to 937.3 GW in seven years’ time.