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Europe: About five years after the US began deregulating the power sector, the European Community started a similar process with similar effect on the power plant market. Investors backed fewer new power plants and extended the lifetime of the existing ones. New coal and nuclear power plants have seen a market share of well below 10% since then.The growing share of renewables, figure 7.4: europe (eu 27): power plant market 1970-2010 especially wind and solar photovoltaic, are due to a legally-binding target and the associated feed-in laws which have been in force in several member states of the EU 27 since the late 1990s. Overall, new installed power plant capacity jumped to a record high be the aged power plant fleet in Europe needed re-powering. 60,000 50,000 40,000 30,000 20,000 10,000 MW/a 0 • NUCLEAR • COAL •GAS (INCL. OIL) • BIOMASS GEOTHERMAL • HYDRO • WIND •CSP • PV 7 image NESJAVELLIR GEOTHERMAL PLANT GENERATES ELECTRICITY AND HOT WATER BY UTILIZING GEOTHERMAL WATER AND STEAM. IT IS THE SECOND LARGEST GEOTHERMAL POWER STATION IN ICELAND. THE STATION PRODUCES APPROXIMATELY 120MW OF ELECTRICAL POWER, AND DELIVERS AROUND 1,800 LITRES (480 US GAL) OF HOT WATER PER SECOND, SERVICING THE HOT WATER NEEDS OF THE GREATER REYKJAVIK AREA. THE FACILITY IS LOCATED 177 M (581 FT) ABOVE SEA LEVEL IN THE SOUTHWESTERN PART OF THE COUNTRY, NEAR THE HENGILL VOLCANO. 1997 - deregulation of the EU electricity market began figure 7.5: china: power plant market 1970-2010 120,000 100,000 80,000 60,000 40,000 20,000 MW/a 0 source Platts, IEA, Breyer, Teske. • NUCLEAR • COAL •GAS (INCL. OIL) • BIOMASS GEOTHERMAL • HYDRO • WIND •CSP • PV 201 the silent revolution | POWER PLANT MARKETS IN THE US, EUROPE AND CHINA 1970 1970 1972 1972 1974 1974 1976 1976 1978 1978 1980 1980 1982 1982 1984 1984 1986 1986 1988 1988 1990 1990 1992 1992 1994 1994 1996 1996 1998 1998 2000 2000 2002 2002 2004 2004 2006 2006 2008 2008 2010 2010 © STEVE MORGAN/GPPDF Image | SUSTAINABLE WORLD ENERGY OUTLOOK
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