Survey: power executives say medium term growth lies outside EU

A majority of power executives recently surveyed at POWER-GEN Europe 2013 in Vienna, Austria see European power engineering expertise being primarily deployed outside the European bloc over the next five years.

That’s one of the main findings from a survey carried out by POWER-GEN’s organisers at the event, held in early June, and a sign of the ongoing impact of a deep European recession, which has marked a shift in how world power generation will proceed in the coming years.

POWER-GEN Europe

The majority of delegates think the best opportunities for the European power engineering sector in the next five years is in Projects and contracts outside Western Europe, while coming a close second was the 43 per cent of respondents that feel the best opportunities in the next five years are in Power plant modernization.

Indicative of the current malaise, only 13 per cent chose new power plant construction in Western Europe.

One of the big criticisms made by keynote and plenary speakers at the event was the belief that the transition to renewable power generation was not being done in the correct way, and that certainly struck a note with respondents to the survey.

In short, the majority felt that the power industry and policy makers are not paying sufficient attention to the challenges arising from integrating intermittent power generation into the system.

POWER-GEN Europe

48 per cent of those that completed the questionnaires feel that the EU will meet its target of 20 per cent share of total energy consumption from renewables in 2020, 29 per cent think the EU will not meet its target and 22 per cent feel it's too early to tell.

Attendees at POWER-GEN expressed a very high satisfaction rate for the speakers at the event over the course of the three days but 60 per cent want to see more business strategy and matters of policy and regulation discussed at next year’s POWER-GEN conference, which will again be held in Cologne in conjunction with Renewable Energy World Europe between 3-5 June 2014.

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