Construction and financing for steam power plants (SPP)
Construction and financing for steam power plants (SPP) Modern steam turbine power plants that run on coal, natural gas and other fossil fuels will remain in demand in the coming decades, despite the growth of renewable energy sources. Being a kind of bridge to the future, such energy facilities continue to provide the population and industrial consumers with cheap energy. Today, energy companies are forced to solve numerous technical, financial and environmental problems, meeting the growing demand for electricity and flexibly responding to load fluctuations caused by the introduction of RES. The construction of steam power plants with high efficiency and minimal emissions can improve the situation by increasing the competitiveness of thermal energy. According to the EIA, the average age of thermal power plants in the United States today reaches 40 years. In some countries this figure is even higher. By 2050, the share of fossil fuels in the global energy mix will be about 50%. Un