Utility Dive•3 months ago
Gas turbine supply crunch set to raise prices 195% by 2027: WoodMac
- •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.
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