Description

Despite the high investment cost of cogeneration equipment and low payback periods of up to 5-7 years, Europe is quite well placed to rapidly expand cogeneration by 2020. The region is making gradual, though small, developments across technology, skills and supply chain to meet its targets of attaining energy efficiency through cogeneration. The European cogenration market will provide attractive growth prospects for all of the core technologies considered in this study (gas turbines, steam turbines, engines, electric generators, heat recovery steam generators and fuel-fired boilers) throughout the forecast period.