According to GlobalData, thermal power accounted for 22% of Belgium’s total installed power generation capacity and 25% of total power generation in 2021. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Belgium Thermal power Analysis: Market Outlook to 2035 report. Buy the report here.
Overall, Belgium’s thermal power generation capacity declined by a CAGR of -3.36% from 2010 to 2021, to reach 5,950MW, and generation declined by a CAGR of -4.2% to reach 24,017GWh in 2021.
Installed capacity is forecast to increase by 2,417MW from 2022 to 2035, at which point thermal power is expected to account for 20% of total installed generation capacity. Coal capacity declined from 1,156MW in 2010 to 0MW in 2021 at a CAGR of -100%. It is expected that coal will reach 0MW by 2035, growing at a CAGR of % during 2021-2035. Gas capacity was 5,768MW in 2021 and it is expected to reach 8,185MW by the end of 2035. Oil capacity is expected to be 182MW by the end of 2035.
For more detailed analysis of the thermal power sector in Belgium, buy the report here.