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Predicted EU biomass growth reports IHS study

A new study by IHS Emerging Energy Research predicts that the European Union (EU) biomass market will grow by 30 GW between 2012 and 2035.

The Europe Biopower Markets and Strategies: 2012 – 2035 research says that growth will represent 6% of the additional renewable energy capacity within the EU and, although wind and solar will continue to dominate the European market, biomass will become more of an attractive option for utilities.

The report also says the EU will still have to rely on imported feedstock due to the scarcity of native wood resources, while also retaining and expanding government support and financial incentives for subsidies.

The predicted growth will be led through the building of new dedicated biomass plants in the short term, while long term growth will come from the conversion of coal plants to biomass.