New Coal Plants Will Represent a 2.5 Trillion Dollar Investment.

$2.5 trillion investment in new coal-fired plants
World coal-fired power generation capacity will rise from 1.3 million MW in 2006, to 1.7 million MW in 2011, and to 2.7 million MW in 2030, according to a new report.

This will require more than 1.7 million MW of new coal-fired construction to account for retirements as well as growth. The investment in these new plants will exceed $2.5 trillion. This is the prediction in the new McIlvaine online continuously updated, Coal-fired Boilers: World Analysis and Forecast...

...China will build an unprecedented number of coal-fired plants in 2005-2011, bringing coal-fired capacity from just under the US capacity now to over twice the US capacity by 2011. This requires an average addition of over 45,000 MW/year. in the short-term. Coal-fired generation additions in 2011-2030 are predicted to average 25,000 MW per year. This will result in coal-fired capacity in 2030 of over one million MW...

...The market for coal-fired boilers in Europe is booming due to greenhouse gas regulatory efforts. There is a rush to build plants prior to 2012. Germany alone is moving forward with 26,000 MW of new coal-fired units. It will retire existing less efficient units to make net gains in CO2 emissions per megawatt...