Power Generationl Services
In addition to renewable energy sources, the primary fuel sources of the global power market are coal, nuclear, natural gas and oil. However, to meet today’s current build needs, renewable sources are better positioned than traditional fuels. Nuclear capacity is not easily expandable due to the real and perceived environmental and security risks, as well as the 10 to 15 year development and construction timeframe. Natural gas capacity expansion has slowed due to the overhang from significant build-out in the late 1990s. With the focus on emissions levels produced from coal plants, the siting and permitting of coal-fired generation has stalled in many regions of the world, particularly in the U.S. Given the limitations of the traditional power sources, renewable sources of energy are favored by many states due to their cost advantage and environmental attributes.
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