Hi Hunter, Your calculations seem correct. Ultimately these are estimates but given the growth we're seeing in the sector globally, this is the scale of demand we're seeing.
50 GW of new load in 5 years = 10 GW/year in new load. 10 GW assuming 100% capacity factor is 87,600 GWh= ~88 TWh of new load per year.
88 TWh’s is approximately the total electricity consumption of Finland or Chile being added globally every year for the next 5 years…is that right?? If so that puts things into a new perspective for me.
Hi Hunter, Your calculations seem correct. Ultimately these are estimates but given the growth we're seeing in the sector globally, this is the scale of demand we're seeing.
50 GW of new load in 5 years = 10 GW/year in new load. 10 GW assuming 100% capacity factor is 87,600 GWh= ~88 TWh of new load per year.
88 TWh’s is approximately the total electricity consumption of Finland or Chile being added globally every year for the next 5 years…is that right?? If so that puts things into a new perspective for me.