Utility Dive•7 days ago
Gas turbine supply crunch set to raise prices 195% by 2027: WoodMac
Key Takeaway
The impending gas turbine supply crunch will drastically increase costs and potentially delay new gas-fired power projects, impacting developers and large consumers.
AI Summary
- •Gas turbine prices are projected to increase by 195% by 2027 due to a supply crunch.
- •Restricted shipping through the Strait of Hormuz is expected to impact the price and availability of gas turbine components.
- •Developers and large power consumers should anticipate significantly higher costs and potential delays for new gas-fired generation projects.
Topics
capacity-marketccgtdatacenterfinancingoemsimple-cycle
Article Content
Restricted shipping through the Strait of Hormuz is also likely to impact the price and availability of gas turbine components, said Bobby Noble, a senior program manager at the Electric Power Research Institute.