Cheap Gas Will Overtake Renewables, Energy Chief Warns

Cheap Gas Will Overtake Renewables, Energy Chief Warns

Steve Bolze of General Electric unable to say if a glut of gas power stations would undermine 2050 global emissions targets
Monday, June 20, 2011 - 3:08pm

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A glut of cheap gas will see the fuel overtake renewable sources in the global race to build new energy generation, says a senior energy industry executive.

"More gas [power plants] than wind and solar will be built [in the 10 to 20 years]," said Steve Bolze, chief executive of General Electric's power and water division, which makes gas-fired turbines. "Gas is a good alternative to being 100% renewable."
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