Report predicts growing bioenergy production
The International Energy Agency has released its second annual Medium-Term Renewable Energy Market Report, predicting that renewable energy will increase by 40 percent over the next five years and account for nearly 25 percent of the global power mix by 2018. Biomass power will comprise a portion of this increase.
According to the report, bioenergy production in the U.S. increased last year, reaching 12.1 gigawatts (GW) of capacity and accounting for 1.5 percent of the power mix. The IEA predicts that bioenergy capacity will increase 12.4 GW this year, and increase steadily through 2018, when the U.S. will be home to an estimated 14.4 GW of bioenergy capacity.
Taken together, the IEA said it expects combined bionenergy production in the U.S., Canada, Mexico and Chile to reach 99 terawatt hours (TWh) by 2018. Production is also expected to increase in the Organization for Economic Cooperation and Development countries of Europe to increase, reaching 192 TWh by 2018.